economic stimulus package

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SC Court Orders Gov to Take Stimulus Cash

(Newser) - The South Carolina Supreme Court has ruled that Gov. Mark Sanford must apply for $700 million in federal stimulus money aimed at education that the governor had strenuously resisted, the State reports. The state’s General Assembly had already mandated the move, but Sanford argued it had no authority to...

Stimulus Hasn't Reached States That Need It Most
Stimulus Hasn't Reached States That Need It Most
investigation
May 28, 2009 10:20 AM CDT

Stimulus Hasn't Reached States That Need It Most

(Newser) - The states President Obama’s $787 billion stimulus package was most intended to help aren’t yet getting much out of it, USA Today reports after analyzing government contracts. The eight states with unemployment rates higher than 10% have seen an average of $7.42 per person from the $4...

Wanted: Female Bloggers Not Afraid of Math
Wanted: Female Bloggers Not Afraid of Math
OPINION
May 26, 2009 5:47 PM CDT

Wanted: Female Bloggers Not Afraid of Math

Feminists focus on fluffy recession news, hurt women's cause

(Newser) - What movies do broke people watch? How do lipstick sales reflect a limping economy? A review of women's blogs shows a dangerous emphasis on "recession lite," writes Linda Hirshman for DoubleX. What women need is someone willing to do the math and go to bat against the men...

Gov. Sanford Sues State Lawmakers Over Stimulus

(Newser) - The fight over stimulus money in South Carolina is now a federal case. Gov. Mark Sanford sued the state legislature last night for passing a budget that requires him to accept $350 million in federal money for schools, the State reports. Sanford, adamantly opposed to the stimulus cash, says state...

Fed Dollars Overtake Taxes as States' Top Income Source

Federal money exceeds revenue from major taxes for first time ever

(Newser) - For the first time, state governments are receiving more money directly from the federal government than they collect in sales, property, and income taxes, reports USA Today. As the economic downturn saps tax revenue, stimulus money has filled the gap. Says an analyst, “This has more to say about...

Stimulus Bill Shines on National Zoo

Despite ban, bailout will fortify homes for animals in DC

(Newser) - Luke the Lion is expecting home renovations while animals around the country are stuck with what they've got, Pro Publica reports. Luke's trick: living in the National Zoo in Washington, DC. The economic stimulus law forbids local and state outlays to zoos, but neglected to mention the National Zoo,...

US Benefits From China Stimulus

Construction in China boosts US business, from steel to fried chicken

(Newser) - While Americans await the fruits of their $787 billion bailout, China is moving ahead with public-works projects at a staggering pace, pumping up its own economy as well as America’s, the Wall Street Journal reports. US industrial-equipment makers, struggling with effectively zero domestic growth, are back near record levels...

100 Days: Biggest Promises Kept, Broken
 100 Days: 
 Biggest Promises Kept, Broken 
analysis
Apr 29, 2009 8:39 AM CDT

100 Days: Biggest Promises Kept, Broken

The economy has changed the stakes since the campaign began

(Newser) - One way to judge President Obama's first 100 days in office is to look at his rhetoric on the campaign trail. Taking into account the fallout from the economic crisis, PolitFact came up with the most crucial promises Obama has kept and broken. His vow to beef up alternative-energy investment...

Sanford Still Fights Stimulus Plan, Tears in His Eyes

SC Guv sticks to his guns over rejecting stimulus money

(Newser) - Angry state legislators and picketing teachers still haven't swayed Mark Sanford. The conservative governor of South Carolina is ignoring opponents and his dipping approval rating, now at 40%, because he's wary of federal stimulus dollars. But when a lone security guard gives his support, Sanford's strained emotions begin to show....

Obama Could Try Some of His Vaunted Fiscal Responsibility

Administration involved in major economic gambles

(Newser) - In a recent speech at Georgetown, President Obama outlined his plans for the economy. The funny thing is, David Brooks writes in the New York Times, "he sounded like a cultural conservative." The president talked about the good old days and vowed to end fiscal irresponsibility. In short,...

Anti-New Deal Book Is GOP's New Bible

Republicans flock to The Forgotten Man in fight over stimulus

(Newser) - For the Republican Party, looking for any kind of traction for its opposition to President Obama’s stimulus spending, anti-New Deal book The Forgotten Man is a godsend, Politico reports. Author Amity Shlaes suggests, in what some call revisionist history, that FDR’s plan, pushed by government bureaucrats on a...

Calif. Gets $4B as Feds Turn on Stimulus Tap

(Newser) - Education Secretary Arne Duncan today released nearly $4 billion to California, the first state to benefit from a special fund for states that was created by the economic stimulus law. The fund will replenish state budgets that have been cut or threatened because of the recession. Most of the money...

China's GDP Crawls, But Worst May Be Over

Growth sinks below 'danger line' but experts believe rebound is coming

(Newser) - China's GDP growth fell to its lowest level last quarter since Beijing started keeping records in 1992, the Wall Street Journal reports. The 6.1% growth, however, is in line with forecasts and actually seen as decent news by many economists. Data on loans and industrial growth suggest that the...

'Glimmers' of Economic Hope, But Work's Not Done: Obama

(Newser) - After a meeting today with the administration's top economic officials, President Obama said he’s starting to see “glimmers of hope,” Bloomberg reports. The president noted that government loans to small business are up but cautioned, “We’ve still got a lot of work to do.”...

GOP Govs Back Down, Request Stimulus Funds

Ambitious conservatives cave on most federal aid dollars

(Newser) - Tough talk about rejecting stimulus funds earned some GOP governors—and presidential hopefuls—plenty of headlines, but reality has set in, Politico reports. Under fire from their legislatures, Bobby Jindal, Mark Sanford, and Sarah Palin have all requested funds in the past week. “At this point it looks like...

Economy's 'Free-Fall' Nearly Over: Summers

(Newser) - Top Obama economic adviser Lawrence Summers said today that measures to stabilize the economy will have a discernible effect in the next few months, the Hill reports. Loosening credit and an increased flow of inventory from manufacturers means the sense of “free-fall” will dissipate, though jobless numbers will continue...

Cash Flows to Add Broadband, But Feds Don't Have Plan

FCC has until Feb.; ISPs get stimulus now

(Newser) - The Federal Communications Commission is beginning to draw up a plan to deliver broadband internet to every home in the US, the Washington Post reports. But as the FCC accepts public comment and reviews policy in the year it has to draft the plan, broadband providers will be using stimulus...

Contractors Bid Hot and Heavy for 'Shovel-Ready' Jobs

States saving big time in fight for contracts

(Newser) - Contractors are scrambling to get in line for stimulus-funded "shovel-ready" jobs, reports the Washington Post, and states are finding their stimulus dollars are going a lot further than expected as a result. Companies that were building subdivisions not so long ago are now competing for government jobs and going...

Venture Capitalists Start to Regain Their Nerve

Confidence gradually rebounding with stimulus plan

(Newser) - Venture capitalists are starting to get their confidence back after an exceptionally timid year, the New York Times reports. A key index shows the administration's efforts to stabilize the economy have given investors glimmers of hope. "There is some degree of stability in the financial markets and that allows...

Obama Fakes Center, Goes Liberal
 Obama Fakes 
 Center, Goes Liberal 
OPINION
Apr 4, 2009 6:36 PM CDT

Obama Fakes Center, Goes Liberal

(Newser) - If President Obama were a quarterback, he’d be a master of the fake, Fred Barnes writes in the Weekly Standard. Using “misdirection,” he markets “his product—the liberal agenda, plus a few add-ons—in a manner that disguises what he's really up to.” While trumpeting...

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