Capitalist crisis policy is ultimately in a crisis trap... The central banks' billion-dollar "quantitative easing" may have prevented the collapse of the world financial system in 2020, but it is only a postponement of the crisis.
Debts are not a problem (tags)
The Democrats have learned from their mistakes. This time they want a big stimulus package to invest in infrastructure and climate protection. This change in sentiment is partly thanks to Keynesians like Paul Krugman, who have always called for government investment when the economy is paralyzed.
Is Trump failing in the fight against the pandemic and the shattered economy? (tags)
The state of the economy is rightly considered the most important factor influencing the re-election or de-election of an American president. Voters* tend to blame the leader in the Oval Office for their personal situation in the labor market and the economic situation in general.
Quantitative Crisis: Bernanke’s “Stimulus” For The 1% (tags)
When I heard that Federal Reserve Chairman Ben Bernanke told Congress last week that it was too soon for the Fed to end its extraordinary stimulus programs, I did a double take.
Hard Times Getting Harder (tags)
economy
Work Sharing is the Answer (tags)
"Even before the market turmoil took over the news, the economy was largely dead in the water, expanding at a pace too slow to even keep up with the growth rate of the labor force, much less to make up for the 10 million jobs lost due to the downturn."
Stimulus Should Be Looking Pretty Good Right About Now (tags)
With states cutting budgets to the bond, we are seeing how painful the economic crisis is without federal funding to help soften the blow.
The Political Consequences of Stagnation (tags)
My apologies to T. S. Eliot, but September, not April, is the cruelest month. Before 9/11/2001, there was 9/11/1973, when Gen. Pinochet toppled the Allende government in Chile and ushered in a 17-year reign of terror. More recently, on 9/15/2008, Lehman Brothers went bust and torpedoed the global economy, turning what had been a Wall Street crisis into a near-death experience for the global financial system.
WE The People
Trying To Bend Both Ways (tags)
There really isn’t any way to say you stand staunchly against a position if you hope to remain credible for long - not in the eyes of the public. It’s like a person claiming to be fasting from food for the greater good passionately and openly, but then getting caught feasting on barbeque spare ribs and lo mein at the Chinese restaurant on the opposite side of town. It’s like the person claiming to be against drugs getting videotaped selling crystal meth. It’s like the human rights activist businessman getting caught using child labor. Whether to the right or the left of the political spectrum no one likes it.
Stimulus or Austerity: the People vs. the Banks (tags)
The most powerful nations in the world met recently at the G-20 in Toronto and managed to agree on only one thing of significance: the need to reduce deficits, “half by 2013.” Implied by the statement is the need to lower deficits via “austerity,” meaning eliminating or reducing social programs. Why does every mainstream political pundit or corporate CEO fanatically agree that reducing deficits is the most important thing to do now? Let Obama explain:
Lawmakers cutting mass transit are as guilty as BP in the Gulf (tags)
Has anyone stopped driving because of what's happening to the Gulf of Mexico? How many are free to choose, even if they would? The U.S.A.'s stupid stimulus funds went to build freeways while mass transit was cut back and fares were raised all over the country. Every federal legislator behind the stimulus freeway building spree should be held responsible for the death of the Gulf Coast, as much or more than British Petroleum. Even now, the cuts to mass transit continue, as the oil volcano erupts with no end in sight.
Lawmakers cutting mass transit are as guilty as BP in the Gulf (tags)
Has anyone stopped driving because of what's happening to the Gulf of Mexico? How many are free to choose, even if they would? The U.S.A.'s stupid stimulus funds went to build freeways while mass transit was cut back and fares were raised all over the country. Every federal legislator behind the stimulus freeway building spree should be held responsible for the death of the Gulf Coast, as much or more than British Petroleum. Even now, the cuts to mass transit continue, as the oil volcano erupts with no end in sight.
Lawmakers cutting mass transit are as guilty as BP in the Gulf (tags)
Has anyone stopped driving because of what's happening to the Gulf of Mexico? How many are free to choose, even if they would? The U.S.A.'s stupid stimulus funds went to build freeways while mass transit was cut back and fares were raised all over the country. Every federal legislator behind the stimulus freeway building spree should be held responsible for the death of the Gulf Coast, as much or more than British Petroleum. Even now, the cuts to mass transit continue, as the oil volcano erupts with no end in sight.
Extra Tax Refund for Workers: Sch M: Making Work Pay (tags)
Be sure to complete Schedule M for Line 40 on your 1040 income tax return to get your economic stimulus if your adjusted gross income is less than $95,000 a year ($190,000 on joint return) or you are not a dependent on another return. It is called Making Work Pay and Government Retireee Credits.
New Funding for Early Learning in President Obama's Budget Proposal (tags)
President Obama's budget proposal includes almost $1 billion in new funding for Head Start and Early Head Start. The funding would help early learning programs in LA increase access and improve quality.
Stimulate or Die by Joseph Stiglitz (tags)
Joseph Stiglitz received the Nobel Prize in Economics in 2001.
Bus riders on the back of the stimulus bus (tags)
Highway and bridge lobbyists trumped mass transit riders in the final stimulus bill. Our MTA and other transit authorities around the country seem to be in line for token stimulus funds, but only to fund new building projects; there's nothing for immediate operating support to stave off fare hikes, service cuts, and job lay-offs.
Government Stimulus Plans are `Not Enough': Joseph Stiglitz (tags)
Governments have to do more than just spend money, says Stiglitz.
Can alternative energy effectively repalce fossil fuels? (tags)
Oil is running out and coal burning is cooking the planet. The Obama administration just passed a stimulus bill with billions in it for alternative energy development. The question that remains is whether or not wind, solar and other renewables can actually provide for current energy needs.
FIGHT RACISM ,FIGHT FOR JUSTICE AND EQUITY (tags)
The Justice for Filipino American Veterans (JFAV) expresses its opposition to the lump sum provision included in the Stimulus Bill or the American Recovery and Reinvestment Act, Section 1001. Title X. In the Stimulus bill that passed, the lump sum bill still has a “quit claim” or a foreclosure to any claim for a lifetime full pension benefit. While the $15, 000 for US citizens or $9,000 for non US citizens may provide temporary relief, THERE IS NO PROVISION FOR RECOGNITION!
Capitalists Attempting to Redefine Socialism (tags)
Since Congress passed the first $168 billion government stimulus, the “S” word has become a favorite term for the corporate media in referring to socialism. It would be more appropriate to use the “S” word to refer to “stimulus” because it is evident that the capitalists are moving no closer to a transition to socialism; however, as the U.S. economic crisis continues to expand and the failure of capitalism become more apparent to the world, the wealthy ruling elite are now sustaining capitalism with one stimulus after another.
JFAV BLASTS GOP ON VETERANS BENEFITS BILL (tags)
The Justice for Filipino American Veterans (JFAV) criticized the republicans in the US Congress for their unreasonable opposition to the $198-million Filipino veterans pension provision that found its way into President Barack Obama’s pet – the Economic Stimulus Bill. The veterans benefits is widely criticized by Republican members of Congress as having no place in the controversial and complex piece of legislation. They said the lump sum pension bill meant for about 18,000 Filipino veterans who fought side by side U.S. forces against the Japanese during World War II would “clutter” a bill that is already riddled with questionable and “wasteful earmarks.” “The Republicans like Senator Burr and Rep. Buyer readily forget they owe Filipino veterans a debt of gratitude for winning the war in the Pacific. They only want to bail-out the corporations not the people. Republicans and conservative” blue dog” democrats are outright ingrates!”, JFAV National Coordinator Arturo Garcia exclaimed.
SAN FRANCISCO VETS PETITIONS PELOSI ON STIMULUS BILL (tags)
A groups of San Francisco Filipino World War II veterans sent a petition to Speaker Nancy Pelosi at the San Francisco State Building to expresses grave concern on the fate of the Stimulus Bill on which the Filipino veterans benefits bill that now hangs by a thread. While the Stimulus bill passed the Senate last Tuesday, Feb 10, it will still go to a bicameral conference. The San Francisco Filipino veterans and their advocates sent the petition to the Speaker office last February 10, to make sure that it will not suffer the fate of S. 1315.
NO TO LUMP SUM WITHOUT FULL RECOGNITION,JUSTICE AND EQUITY, NOW! (tags)
The Justice for Filipino American Veterans (JFAV) expresses grave concern on the fate of the Stimulus Bill on which the Filipino veterans benefits bill is now hangs by a thread. While the US Senate passed the Stimulus bill, it will still go on a bicameral conference to settle its differences and the veterans befits bill is in danger of being dropped again. Senator Inouye inserted the benefits bill and promised to resign as Senate Appropriations chair if the Filipino veterans bill does not pass. On February 18, 2009 is the 63rd anniversary of the Rescission Act that took away the rights of the Filipinos to get equal benefits. The Congress did this to the Filipinos out of around 60 nationalities who served the US Armed Forces.
Obama’s stimulus plan gave Amtrak, aviation, clean water the shaft (tags)
Democrats and Republicans cut them all.
AIPAC threatened Obama over stimulus plan. (tags)
Just to show who is in charge.
Tarp Stimulus Banker Johns Save by Writing Off Kristin Davis Hookers (tags)
Some things never change.
Banks Injure Economic Stimulus Plan by Jacking up Credit Card Interest (tags)
Could banks jacking up credit card interest during a horrendous recession—delay U.S. economic recovery and destroy the expected benefits of the Economic Stimulus Plan?
Alexander: Obama’s $825 Billion Stimulus Plan offers too little, too late (tags)
With less than 10 days in office, President Barack Obama has indicated that his $825 billion economic stimulus package will energize the U.S. economy and create future jobs for more than three million Americans. Socialists nationwide are rejecting this new call for deficit spending and are calling for programs that will meet the short and long term needs of the nation and create immediate employment for the millions of working people that are unemployed or under-employed.
Obamanomics: Why the Stimulus Plan Will Not Revive the Economy (tags)
This article was published in: The Independent, Dec 12, 2008.
Alexander Wants Jobs for Local Communities, Construction Industry (tags)
Once again Stewart A. Alexander is rejecting the continuous flow of U.S. dollars to bailout banks and corporate America; instead, Alexander says any public funds should go to local communities to help working people, creating jobs in the building and construction industry. Alexander says the U.S. government should establish a $1 trillion fund to make available low interest loans for home improvements; this would create jobs across America and benefit local communities.
Will The Next Government Tax Rebate/Economic Stimulus be a Windfall for Gambling Casinos? (tags)
Would it be more prudent next time “U.S. Government Tax Stimulus Rebates” be “government vouchers” that can only be used to pay for food, housing, utilities, medical bills, e.g., important primary needs?
Political Left Chattering Class Once Again Misses the Forest (tags)
It looks like the chattering class doesn't want to see the connection the Wall Street Bailout and the Stimulus Bill Filibustered by Republicans
Federal Tax Relief Vanishing at Pumps (tags)
Senators Barack Obama, Hilary Clinton and John McCain are rehashing the old political rhetoric that the Democrats and Republicans have coined to win elections every four years. However, in 2008, working people are searching for real solutions to complex issues; ending the Iraq War and dealing with a global industry that is beyond the control of the Democrats, Republicans or their candidates.
Federal Tax Relief Package is Welfare for Billionaires (tags)
President Franklin Roosevelt introduced the New Deal that began to release the nation from the grips of the Great Depression. America is now in the Bush Recession, and to implement effective economic solutions it will be necessary to take a page from the socialists' book. One-time checks are not the answer, and the federal stimulus package is already doomed to failure.
House GOP “Stimulus” Bill Offers Over $100 Million Each To 14 Corporations (tags)
House GOP “Stimulus” Bill Offers 14 Large, Low-Tax Corporations More than $100 Million in Tax Rebates Each IBM alone is slated for a $1.4 billion rebate check. The “stimulus” tax-cut bill just approved by the House Ways and Means Committee calls for some $25 billion in immediate tax rebates to large profitable corporations that paid the low-rate “alternative minimum tax” over the past decade and a half because loopholes cut their regular income tax bills to little or nothing.