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Tag: Stimulus bill: Page 2
Business
Cat cautions against “Buy American”
If you still need any proof that the stimulus bill being debated now in congress is rash and ill-considered take a look at what some are saying about the “Buy American” provision in the bill. Caterpillar spokesman Jim Dugan cautions that such provisions could ignite an international trade war that would be detrimental to every […]
January 6, 2010
Business
Stimulus bill to small businesses–forget you
With Congress about to throw $825 billion out the window for economic stimulus, you’d think there might be a few pennies trickling down for small business. As the Wall Street Journal points out Obama campaigned on the promise to eliminate capital gains taxes for small business. Yet the House version of the bill ignored this promise […]
January 6, 2010
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Used car salesmen and the stimulus bill
Rick Martinez of the Raleigh News & Observer finds a lot in common with the way the stimulus bill has been handled by Congress and the way one is often treated by used-car salesmen, except for the fact that you can always walk away from a bad car deal. He also points out that while unemployment […]
January 6, 2010
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Get your shovels ready
The website Stimulus Watch has a comprehensive list of where the stimulus money is going. It’s broken out on a state-by-state basis and city-by-city as well. I’m happy to learn that Bessemer, Alabama is going to buy 20 new cop cars, and that Austin, Texas is going to build a new golf course. But of […]
January 6, 2010
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Obama as Roosevelt
With the mainstream media pounding us with the notion that President Obama is somehow the new FDR and the stimulus bill is the new WPA, it’s worth noting that there are a lot of economists and historians that think FDR’s policies prolonged the Great Depression rather than alleviated it. Amity Shlaes has written one of […]
January 6, 2010
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Stimulus contracts favor big, politically connected players
According the Montana’s Missoulian newspaper, local firms and small contractors are losing out on millions of stimulus dollars because a controversial type of contract being used by the federal government favors the big, multi-national corporations. Key quote: “That’s because the government is using a controversial contracting method that speeds bidding, but also tilts the playing […]
January 6, 2010
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