President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy. The administration didn’t provide immediate details, but said it would work with Congress on crafting legislation. Steve Nadel, director at the American Council for an Energy-Efficient Economy, who’s helping write [...]
Posts Tagged ‘stimulus’
Housing Weatherization? Really? Obama Unveils ‘Cash for Caulkers’
Posted: 9th December 2009 by Veritas in Economy | Finance, PoliticsTags: cash, Economy // Finance, energy, Obama, rebate, stimulus
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Recovery.gov, a Scam from Your Own Government
Posted: 3rd December 2009 by Veritas in Economy | Finance, PoliticsTags: employ, government, jobs, Obama, spending, stimulus
What could you do with 18 million dollars? Well, that is the amount being spent to redo stimulus information site Recovery.gov. This is a classic example of wasteful government spending. Whether it be the city of Los Angeles spending $48,826 on sandwiches from a deli a whopping 80 miles from LA to feed cops during [...]
Jobless Claims Rise to 2 Year High
Posted: 22nd October 2009 by Veritas in Economy | Finance, PoliticsTags: Economy | Finance, employment, financial, job, stimulus
A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.
The U.S. Dollar’s Days May Be Numbered
Posted: 28th September 2009 by Veritas in Economy | Finance, PoliticsTags: bailout, capital, credit, currency, debt, dollar, Economy // Finance, job, reserve, stimulus
A pledge from Group of 20 leaders to bring the global economy back into balance is not seen as good for the dollar in the long run, underscoring its anemic performance in recent weeks.
Pet Projects in Secret Stimulus Spending
Posted: 27th August 2009 by Veritas in Economy | Finance, PoliticsTags: deficit, homeland, Obama, security, spending, stimulus
WASHINGTON – A sleepy Montana checkpoint along the Canadian border that sees about three travelers a day will get $15 million under President Barack Obama‘s economic stimulus plan. A government priority list ranked the project as marginal, but two powerful Democratic senators persuaded the administration to make it happen.
Government Shuts Down “Cash For Clunkers” Early
Posted: 1st August 2009 by Veritas in Economy | FinanceTags: cars, cash for clunkers, funding, kia, Obama, stimulus, toyota
NEW YORK – This was one government stimulus plan that yielded quick results. Maybe too quick. Far more drivers signed up for the “cash for clunkers” program than anyone thought, overwhelming showrooms, blowing through the initial $1 billion set aside by Congress and leaving dealers panicked over when or if the government would make good [...]
Obama’s Teleprompter Smashes
Posted: 14th July 2009 by The Dude in PoliticsTags: Obama, shatter, smashes, speech, stimulus, teleprompter, white house
US Should Plan 2nd Fiscal Stimulus – Govt Adviser
Posted: 7th July 2009 by The Dude in Economy | Finance, PoliticsTags: adviser, Economy // Finance, federal reserve, government, inflation, infrastructure, Laura Tyson, Obama, package, rescue, stimulus, U.S.
SINGAPORE, July 7 (Reuters) – The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said. “We should be planning on a contingency basis for a second round of stimulus,” [...]
Geithner Now Has Free Reign on CEOs
Posted: 2nd April 2009 by Veritas in Economy | FinanceTags: bailout, CEO, Economy | Finance, geithner, government, Obama, stimulus
Days after GM’s CEO Rick Wagoner was forced out by the Obama administration, Treasury Secretary Timothy Geithner left open the possibility that such moves could happen again. In an interview with CBS Evening News anchor Katie Couric, Geithner acknowledged the government has had to do “exceptional things” – citing AIG as well as Fannie Mae [...]