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[Click on Detroit - Money News] White House Defends Year-Old Stimulus - Money News Story - WDIV ...: A weeklong push to highlight the stimulus program's first year was starting with a Tuesday trip by Vice President Joe Biden to hard-hit Saginaw, Mich., to tour a small business, a jobs training program and a solar factory that all received Recovery Act dollars. The vice president, who has led the administration's efforts to implement the stimulus plan, is expected to again push Congress to pass a jobs bill to help some of the 8.4 million people who have lost their jobs since this recession began.

[The Daily Beast - Blogs and Stories] Happy Birthday, Stimulus - Page 1 - The Daily Beast: After all, the administration could draw on the $700 billion TARP program to bail out failing financial institutions, and the Federal Reserve provided unprecedented help by lowering interest rates to zero and by buying up more than $1 trillion of mortgage-backed securities and other troubled assets.

[The IUSB Vision Weblog] Two Writers at AP Take on Obama « The IUSB Vision Weblog: The stimulus policies, CBO said last month, “raised real GDP by between 1.2 percent and 3.2 percent, lowered the unemployment rate by between 0.3 and 0.9 percentage points, and increased the number of people employed by between 600,000 and 1.6 million compared with what those values would have been otherwise.”

[The Note] Former Dem Governor Douglas Wilder: Democrats 'Whistling by Their ...: Between the tax cuts, the wars, the demographics of the population, the collapse of revenue due to the severe recession, the prescription drug bill, etc, and all the other Bush expenditures, we would be in a financial crisis even if Obama had not spent a dime. The stimulus bill probably kept us from falling into the abyss though Republicans will never admit it.

[Hotline On Call] Hotline After Dark -- So Long, Farewell, Auf Wiedersehen, Good ...: * This, coupled with the persistent arrogance of Team Obama (Geithner, Emanuel, Gibbs, Axelrod, Holder, Teleprompter King -- and the supporting cast of Pelosi and Reid) is not a winning card for any politician. What worked in Chicago DOES NOT WORK IN INDIANAPOLIS, nor is it desired!!

[Top News] Dems try to avoid overselling jobs bill - TheHill.com: Judd Gregg (R-N.H.) said that the $15 billion Senate jobs measure being pushed by Majority Leader Harry Reid (D-Nev.) wouldn't do much to create jobs and that Democrats should instead focus on cutting government spending and deficits projected to average $856 billion over the next five years. Reid's bill, which will be taken up by the Senate when they return from next week's recess, features a tax break for firms that hire new workers, an idea that also has President Barack Obama's backing.

[EconLog] The Political Economy of TARP, Arnold Kling | EconLog | Library of ...: We were sold TARP and the stimulus as temporary measures to fight recession. But as the linked posts show, once the economy recovers, spending picks up again.

[RBO] Barack Obama, “Lemon Socialist” « RBO: Just to be clear, I’m not talking about the Obama administration’s plan to support jobs and output with a large, temporary rise in federal spending, which is very much the right thing to do. I’m talking, instead, about the administration’s plans for a banking system rescue ”” plans that are shaping up as a classic exercise in “lemon socialism”: taxpayers bear the cost if things go wrong, but stockholders and executives get the benefits if things go right.

[Minnesota Independent: News. Politics. Media.] Obama's small business lending plan meets skepticism « Minnesota ...: Small banks, which write more than half the nation’s small business loans, have wanted their own pool of stimulus money for a while, though they shunned TARP because of executive pay restrictions and reporting requirements they claimed would be too onerous.  But with outrage building throughout 2009 over the behavior of the nation’s largest financial institutions on everything from failing to execute mortgage modifications to hiking credit-card interest rates and paying top executives outsized bonuses, the small banks saw an opportunity.

[AFL-CIO NOW BLOG] AFL-CIO NOW BLOG | Poll: Public Supports Stimulus Provisions: Traveling in New Hampshire today to push his campaign for more jobs, President Obama announced a proposal to use $30 billion in funds from the bank bailout program, the Toxic Assets Relief Program (TARP), for small businesses. The proposal would use some remaining TARP money to invest in community banks to encourage them to lend to small businesses.

[The Foundry: Conservative Policy News.] Morning Bell: Second Stimulus, Same as the First | The Foundry ...: Moreover the necessity to be totally at the Center-Right-at least- as a global adjuster of this dangerous inclination towards extreme and far left can correct much drifts and help see a big picture where there would be no need to try to disguise a second stimulus bill, that is, pursuing what has more chances to fail than anything else .

[Politics/AP] Obama deploys Cabinet to defend stimulus | San Francisco Examiner: The tax cuts Democrats included in their bill have the backing of 70 percent of the public, according to a CNN poll last month. Another 80 percent support the infrastructure investments, such as the water projects Environmental Protection Agency chief Lisa Jackson plans to tout in Columbus, Ohio, on Thursday.

[Coyote Blog] Coyote Blog » Blog Archive » Economic Stimulus: Given how Obama and Congress screwed over businesses who took TARP money (essentially rewriting the contract at will), would you take small business financing from them? Who knows what kind of onerous regulation they'll make you subject .

[Politics/AP] Obama deploys Cabinet to defend stimulus | Washington Examiner: The tax cuts Democrats included in their bill have the backing of 70 percent of the public, according to a CNN poll last month. Another 80 percent support the infrastructure investments, such as the water projects Environmental Protection Agency chief Lisa Jackson plans to tout in Columbus, Ohio, on Thursday.

[Hot Air » Top Picks] Hot Air » Blog Archive » Obama: “Every economist” says I saved or ...: So the added TARP money will surely imperil the entire stimulus package as taxpayers around the country begin to digest the enormity of these proposed government actions. Financing of this type would not only destroy the U.S. fiscal position for years to come, it could destroy the dollar in the process.

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