Norway hikes government spending

Oil-rich Norway's coalition government announced a 20 billion kroner ($2.9 billion) stimulus package on Monday intended to dampen the impact of the global financial crisis with tax cuts and increased spending.

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Thai Cabinet approves $3.3 bln stimulus plan

Thailand's Cabinet approved a 115 billion baht ($3.3 billion) economic stimulus package Tuesday that it hopes will shore up an economy battered by the global downturn and recent political turmoil.

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Japan announces new economic stimulus package

Japanese Prime Minister Taro Aso on Friday announced a new 23 trillion yen ($255 billion) stimulus package to shore up his country's economy, with measures to spur employment, encourage lending and inject capital into financial markets.

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France unveils euro26 billion stimulus plan

French President Nicolas Sarkozy said Thursday he plans to spend his way out of recession with a euro26 billion ($33 billion) stimulus plan designed to boost growth by 0.6 percentage points in 2009.

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China stimulus plan fuels hopes for new investment

China's $586 billion stimulus package is its "biggest contribution to the world," Premier Wen Jiabao said Monday, as hopes rose that heavy spending on construction and other projects would help support global growth by fueling demand for imported machinery and raw materials.

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Japan announces $275 billion stimulus package

Japanese Prime Minister Taro Aso announced a 27 trillion yen ($275 billion) stimulus package to shore up the world's No. 2 economy Thursday, vowing to dispel fears over the global financial crisis with expanded credits for small businesses and a cash payback to every household.

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Consumers at Heart of Stimulus Plan

The success of the federal $150 billion emergency economic stimulus plan will hinge on whether American consumers do what they do best — spend, spend, spend.

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With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

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The Democratic chairman of the House Appropriations Committee is demanding greater accountability from the the Obama administration after gross inaccuracies were found on a government Web site that tracks jobs purportedly saved or created by the $787 billion stimulus plan.

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An error in a stimulus job creation report, filed by the Belmont Metropolitan Housing Authority, was corrected but not before ABC News reported the inaccurate information.

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The rush to America of foreign wind-turbine manufacturers shows that the Obama administration's plan for stimulating the creation of green-energy jobs is going in an odd direction. There would be perhaps 330 jobs created in Texas. Most would be temporary construction jobs.

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Which suggests that stimulus funds are being allocated without thought to the level of unemployment within states.

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China's 8.9% Growth? No Way Beijing has spent its way to a sugar high.

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In a new study by the institute, more than 53 percent of respondents listed unemployment and lack of jobs as the most important economic problem facing the country.

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There are a lot of different interpretive models, but I'm going to focus on two: "the living Constitution" and "original public meaning." "The living Constitution" became popular in the mid-1930s in response to the U.S.

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From the article...

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The Obama/Reality Credibility Gap

Joe Biden's recent take on the state of the economy:

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excerpt: ""One of the most bitter opponents of the economic stimulus package is House Minority Whip Rep.

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The economy appears to be finally on the road to recovery, and on the hustings President Obama has been celebrating that turnaround and crediting the $787 billion economic stimulus plan he championed. But a new poll out today suggests that most Americans disagree.

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Douthat wrote, "We know because he said so, in the first of many famous speeches, that Barack Obama doesn't see Red America or Blue America — he only sees the United States of America.

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WASHINGTON — Seeking to put the nation back in the lead on an important technology, the Obama administration awarded more than $2 billion in grants on Wednesday for manufacturing advanced batteries and other components for electric cars.

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Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles

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The New Deal in the Land of Wingnuttia-- How Conservatives Continue to Get It Wrong.

Republicans love to liken Obama's attempts to straighten out our befuddled economy with FDR's New Deal. It's an assumed fact that the two are synonymous, and therefore, based on their own befuddled thinking on the New Deal, horribly, horribly wrong-headed.

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HERE'S THE situation: President Obama maneuvered a stimulus package through Congress that, after being reduced to attract additional senators, has proven insufficient to stimulate the economy.

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The white House is trumpeting the fact that the GDP contracted, i.e., grew negatively, at a rate of 5.5% instead of 5.7% as signs of recovery. Isn't the same White House that admitted they misread the figures before they put through the Stimulus Package.

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BILOXI, Miss. -- A bipartisan group of governors said Saturday that the federal stimulus package helped states avoid deep budget cuts during the recession.

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President Barack Obama, facing mounting criticism of the $787 billion stimulus package, devoted his weekly radio address to touting the successes of the plan and suggested it had to be given more time to show results.

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Photographic Evidence: A Stimulus Package Is In the Works

After discussing the erection of the Eiffel Tower, the President of the United States of America and the President of the Republic of France agree that some stimulus is a good thing. The presidents' wives were unavailable for comment.

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The New Ohio Passenger Rail System: What Cities Are Important Enough To Be Stops?

Governor Ted Strickland (D - Ohio) is lobbying hard to make Ohio one of the few states to utilize stimulus money for a passenger rail system. The Ohio system has been unofficially referred to as the 3C Corridor, which stands for the Cleveland-Columbus-Cincinnati Corridor.

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In a fundraising e-mail, former Speaker of the House Newt Gingrich says that President Barack Obama is anti-Christian. But we found nothing to support Gingrich's claim that Boy Scouts and church groups would be prohibited from meeting at schools.

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...some analysts said the banks' reluctance to clean up their balance sheets meant they were merely postponing their day of reckoning. Indeed, some analysts said government policies had made it easier for banks to gloss over their bad loans. More Articles

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