Obama plans another (misguided) stimulus rush

Independent Institute
by William F. Shughart II

12/21/09

Fresh from his recent White House-sponsored jobs summit, President Barack Obama is pushing a new economic stimulus plan intended to soften the pain of a 26-year-high unemployment rate that sees one in 10 Americans out of work. Against all expectations, $200 billion of the money originally appropriated by Congress for bailing out financial institutions under the Troubled Asset Relief Program (TARP) either remains unspent or already has been repaid to the Treasury. Will wonders ever cease? Rather than use that $200 billion to either pay down the monumental federal debt or, better yet, return it to taxpayers, Obama proposes spending $50 billion to ‘create’ additional jobs...

//www.independent.org/newsroom/article.asp?id=2687



Obama, left behind

Reason
by Matt Welch

12/22/09

Boy, this ‘Obama Derangement Syndrome’ really has gotten out of hand. Why, just this past week the decreasingly popular president has been called a ‘bald-faced liar,’ ‘an executive who can’t bring himself to lead,’ and even an ‘Uncle Tom.’ And that’s just by liberals. The progressive crack-up, before Obama even reaches the end of his first year, has been an awesome and occasionally humorous sight to see...

//reason.com/archives/2009/12/22/obama-left-behind


Informant: Thomas L. Knapp



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