First, let me apologize for my long absence from the site. However, I believe that it was extremely worthwhile. Taking a mini-tour of the country allowed me to gauge opinions on our current reaction from a wide variety of Americans. Everywhere I went, people greeted my inquiries with a sense of muted optimism. Of course times...
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President Obama’s stimulus plan passed in the House of Representatives with no Republican votes. Now the bill must pass the Senate before it goes to a Conference committee. Once it leaves Conference Committee, the final version will be voted on by both the House and Senate. Thus, it is very likely that the current bill...
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What has brought me to the point where I am echoing obstructionist Republicans, albeit for very different reasons? The Republicans are currently seeking to completely derail the proposed stimulus package. However, they know that they do not have the numbers in Congress to block the stimulus plan’s inevitable passage. No,...
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Unfortunately, we have become accustomed to American economic, cultural, and military dominance. We have accepted these predetermined outcomes without giving much thought as to how we would continue our reign at the top of the global heap. Now, we are at the brink of financial disaster. We have a young, vibrant, technology...
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The key to understanding the proposed benefits and limitations of the proposed stimulus plan lies in grasping the basic tenets of Keynesian economics. Keynes’s theories began to fade in popularity towards the end of the seventies. For nearly thirty years, businesses and investors lobbied for market deregulation; and...
read moreMy favorite economist thinks President-Elect Obama’s proposed economic stimulus plan is insufficient. Paul Krugman writes in today’s New York Times, “The economic plan he’s offering isn’t as strong as his language about the economic threat. In fact, it falls well short of what’s...
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