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[AmSpecBlog] The American Spectator : AmSpecBlog : WH Says Obama Won't Insist ...: Earlier this afternoon, the White House announced a plan to give 57 million Americans already receiving Social Security or some other government benefits a $250 "Economic Recovery Payment," and insisted that Obama "is committed to ensuring that the $13 billion cost of the proposal does not reduce the solvency of Social Security or other social insurance programs."

[The Foundry] White House: 3.6 Million Jobs Lost is “Quite Positive” » The Foundry: The Keynesian stimulus theory fails for the simple reason that it is only half a theory. It correctly describes how deficit spending can raise the level of demand in part of the economy, and ignores how government borrowing to finance deficit spending automatically reduces demand elsewhere.

[US Politics Online: A Political Discussion Forum] First hard stimulus data finds 30000 jobs saved or created - U.S. ...: The White House recovery team said that the reported jobs number represented just 5 percent of the jobs directly saved or created by stimulus since it came out of contracts that represented only 5 percent of the stimulus spending so far. And as many jobs came directly from the spending, just as many jobs were indirect results of stimulus programs and tax cuts, the White House recovery office said.

[The Daily Beast - Cheat Sheet] Deficit Hits $1.4 Trillion - The Daily Beast: The only light at the end of the tunnel is that the Republicans get back to theair core values and retake the Congress in the midterm elections as taxes inevitably have to go up (for EVERYONE) to pay for ththese pie in the sky programs. Then, hopefully the WH in 2012, as this looks like another Carter administration but with more personality.

[Matthew Yglesias] Matthew Yglesias » Christina Romer vs Political Reality: But what Lizza is telling us is that on the two biggest pieces of macroeconomic management, the Obama administration is pursuing policies that its in-house expert on macroeconomic crisis management believed were far too timid. He’s also telling us that this was done primarily not because people disagreed with her analysis, but because they felt it wasn’t possible, legislatively speaking, to do what was objectively necessary.

[CNN Political Ticker] CNN Political Ticker: All politics, all the time Blog Archive ...: All Obama has done is give speeches and campaign since taking office. God forbid there might be some jobs to create or work done to lower unemployment or stalling on Afghanistan because you are sending more troops but you don't want to anger the far-left of your party who you need to pass health care.

Right-Thinking from the Left Coast: I was having a discussion about the DOW breaking 10K today with a lib that was telling me things were going great and heading in the right direction when all the signs I was looking at indicate otherwise. I remember a conversation I had with a broker just a month or so ago and then it hit me: the DOW is at 10K, but the dollar has lost so much value that this number is artificial.

[Michelle Malkin] Michelle Malkin » Stimulapalooza: 3.6 Million Jobs Lost is “Quite ...: Crunching the numbers, that comes to $533,000 per job “saved or created.” To put those 30,383 jobs in perspecitve, consider that the U.S. economy lost 263,000 net jobs just last month and has lost 3.6 million net jobs since President Barack Obama was sworn into office.

[The Caucus] G.O.P. Radio Ad Goes After Reid, Biden in Nevada - The Caucus Blog ...: over 100 times in the Senate is indecisive?) Meanwhile, back at the ranch (not the one in Crawford), Dems are fighting between themselves over a health care bill that will be, even if it passes, a shell of what was originally introduced. The Dow breaks 10,000, and these guys are claiming “recovery”, even though, as recently as July 2007, the Dow was at 14,000.

[Hot Air » Top Picks] Hot Air » Blog Archive » Jobs “saved or created” from $787 billion ...: Well, which $16 billion are we talking about?  And where did the rest of the $339 billion, almost half of the Porkulus appropriation, go?  Why didn’t the administration show that information to make the argument that the other $329 billion had the exact same effect as the $16 billion it highlighted in its initial report?

[News] Summers to GOP: Stimulus is working - The Hill's Blog Briefing Room: With their job killing regulations, minimum wage increases, proposed new taxation, failed energy policies, and global warming nonsense that killed our consumer economy, the far left wing lead by Nancy Pelosi, Harry Reid, and Barack Obama, burst the financial bubble that they created with the Community Reinvestment Act that forced banks to make bad loans, that were then reinsured with the Democratic re-election slush funds also known as Fannie Mae and Freddie Mac using our credit card with the Bank of China.Study the constitution to find out which branch of government must approve every appropriation from the treasury with legislation. That will clue you in as to who ran up the largest federal deficit in history in 2008, only to triple it in 2009.You'd think a Michigander would have a better idea of just how bad left wing government officials can trash an economy.

[Balloon Juice] Balloon Juice » Blog Archive » The Obama recession is over, the ...: The real question is when will the MSM credit the true father of this .I'm thinking this is a prolonged snit from Fox News over the WH's criticism.

[CNN Political Ticker] CNN Political Ticker: All politics, all the time Blog Archive - On ...: Republicans have been obstructing President Obama in every way they possibly can, and now they criticize him for not getting more accomplished. They criticized him for trying to get the Olympics to come to the U.S. and they criticized him for winning the Nobel Peace Prize.

[Flopping Aces] Flopping Aces » Blog Archive » Obama Plans To Redistribute Another ...: President Obama on Wednesday attempted to preempt the announcement that Social Security recipients will not get an increase in their benefit checks for the first time in three decades, encouraging Congress to provide a one-time payment of $250 to help seniors and disabled Americans weather the recession.

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