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By any normal political standards, last week's congressional agreement on an economic stimulus package was a great victory for President Barack Obama. He got more or less what he asked for: almost $800 billion to rescue the economy, with most of the money allocated to spending rather than tax cuts. Break out the champagne! ...more
February 15, 2009
Last week the U.S. House of Representatives passed an economic stimulus bill that would cost the American taxpayer $819 billion - enough to give every man, woman, and child almost $2,700. This would be the most expensive spending bill in history, costing more than the equivalent cost of the New Deal, the Marshall Plan and the Louisiana Purchase combined. ...more
February 11, 2009
An $838 billion economic stimulus bill backed by the White House survived a key test vote in the Senate Monday despite strong Republican opposition, and Democratic leaders vowed to deliver legislation for President Barack Obama's signature within a few days. ...more
February 9, 2009
A not-so-funny thing happened on the way to economic recovery. Over the last two weeks, what should have been a deadly serious debate about how to save an economy in desperate straits turned, instead, into hackneyed political theater, with Republicans spouting all the old cliches about wasteful government spending and the wonders of tax cuts. ...more
February 7, 2009
Does Washington really need to do this? Many economists from across the ideological spectrum say yes, although an increasingly vocal group of free-market thinkers says no. ...more
February 2, 2009
The Senate swiftly approved six members of President Barack Obama's Cabinet on Tuesday, but put off for a day the vote on his choice of Hillary Rodham Clinton to be secretary of state. ...more
January 20, 2009
House Speaker Nancy Pelosi appears to differ from Barack Obama on at least two issues - tax increases and investigating the Bush administration. ...more
January 19, 2009
"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible. If nothing is done, this recession could linger for years." ...more
January 12, 2009
Three Bay area members of Congress — Reps. Gus Bilirakis, Kathy Castor and Adam Putnam — say they intend to launch new congressional efforts to create a free-mail-to-troops program for service members in combat zones. ...more
December 23, 2008
Consumers are enjoying the lowest retail gasoline prices in years, a welcome ray of light in an ever-darkening economic picture. ...more
December 21, 2008
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