8:14 AM, Sep 20, 2013 • By JERYL BIER
In 2009, the Obama administration made news with an $18 million, five year contract to redesign Recovery.gov, the website the government set up to allow taxpayers to track the stimulus spending enacted by the president and Congress soon after President Obama took office. On Wednesday, notice of a contract awarded to Smartronix, a Hollywood, Maryland company was posted for "Modification to exercise the Option to Extend Clause" for a total of $527,216.00:
The stimulus is now into its fifth year. The contract notice does not indicate what modifications are needed to the website to keep the public informed of the ongoing operation of the legislation.
According to the Recovery.gov website, $803.1 billion of the $840 billion authorized by the stimulus has been disbursed.
A different cure for economic stagnation.Aug 19, 2013, Vol. 18, No. 46 • By CHARLES WOLF JR.
Whether by design or inadvertence, Prime Minister Shinzo Abe’s plans for reviving Japan’s economy after two decades of stagnation differ sharply from the stimulus and austerity policies pursued by the United States and the European Union to recover from the deep recession of 2008-2009. These differences augur well for Japan’s prospects.
12:00 AM, Aug 3, 2013 • By IRWIN M. STELZER
Spare a bit of sympathy for the Federal Reserve Board’s monetary policy gurus. They have said they will begin to “taper” their purchases of bonds and mortgages when the unemployment rate falls to 6.5 percent.
7:02 AM, Jul 16, 2013 • By JERYL BIER
Despite an admission by the Department of Transportation (DOT) that the Federal-aid Highway Programs under the American Recovery and Reinvestment Act (ARRA) are "susceptible to significant improper payments," the DOT Inspector General (IG) has terminated an audit initiated in April "due to other higher priority work demands."
7:36 AM, May 10, 2013 • By DANIEL HALPER
Vice President Joe Biden says that of first term accomplishments, he's "proudest" of the stimulus. He made the comment in an interview to Rolling Stone magazine.
"The thing I'm proudest of that we were able to get done in the first term was the Recovery Act," said Biden. The "Recovery Act" is also known as the stimulus.
7:01 AM, Apr 4, 2013 • By DANIEL HALPER
The details of a stimulus grant awarded to Indiana University to study condom use have now been released on a government website. The study, titled "Barriers to Correct Condom Use," is now completed, according to the website, and the university received $423,500 of stimulus funds to perform the study.
10:41 AM, Jan 26, 2013 • By JEFFREY H. ANDERSON
Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved. Even in Washington, that’s not considered good bang for the buck.
"They still have nothing to do."8:02 AM, Oct 19, 2012 • By DANIEL HALPER
The NBC affiliate in Grand Rapids filed this report on the stimulus-receiving battery company, LG Chem:
9:29 AM, Jul 18, 2012 • By DANIEL HALPER
In an interview at a CNBC conference, Treasury Secretary Timothy Geithner blamed Europe for America's economic slowdown.
"The economy is definitely slower, Geithner said to host Larry Kudlow, according to a rush transcript. "Lower than it was the end of last year. Why is it slower? It's slower mostly because of the trauma from Europe, the after effects of the rise in oil prices earlier this year, and because government spending is actually falling now quite significantly. Those three things are a pretty significant drag on a recovery."
2:35 PM, Apr 20, 2012 • By JEFFREY H. ANDERSON
Yesterday, Jay Cost discussed President Obama’s problem with independents, noting that Obama started to lose independents by the truckload when the debate over Obamacare heated up and “has never won [them] back.” Today, a new Quinnipiac poll further highlights the extent of the trouble that Obama faces in this regard.
1:01 PM, Apr 5, 2012 • By DANIEL HALPER
Former White House economic adviser Jared Bernstein gave some advice on running "clean energy" firms in Las Vegas today and admitted that these sorts of ventures don't actually create many jobs.