| Economists Timothy Conley and Bill Dupor studied the effects of the American Recovery and Reinvestment Act (also known as the Obama stimulus bill or ARRA) and found that Obama’s stimulus destroyed 1 MILLION jobs in the private sector while it created or “saved” 450,000 government jobs. That is a net total of 550,000 jobs destroyed.
The economists summarize their empirical findings:
That means that Obama spent almost $1 Trillion of taxpayer money to destroy a net of about 550,000 jobs. Economists’ study: http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf Hat tip: http://gregmankiw.blogspot.com/2011/05/evaluating-arra.html, http://www.powerlineblog.com/archives/2011/05/029042.php |
Economists: Obama’s Stimulus is a Failure
•May 28, 2011 • Leave a CommentWhat’s the Problem with Medicare and How to Save it (videos)
•May 28, 2011 • Leave a Comment| Full script at: http://budget.house.gov/fy2012budget/medicare.htm How to save Medicare: http://budget.house.gov/SettingtheRecordStraight/ More on plan to avert the US’s nearing debt crisis and chart a path of prosperity: http://budget.house.gov/fy2012budget/ http://online.wsj.com/article/SB10001424052748703806304576242612172357504.html |
What Caused Our Economic Crisis?
•May 13, 2011 • Leave a CommentThis video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac.
Hialeah Budget FY2011
•May 5, 2011 • Leave a Comment| City of Hialeah’s Budget for fiscal year 2011.
Mayor Julio Robaina’s message – section #2 Developing an Environmentally Friendly and Accessible City: Public Transportation
Hybrid Initiative
Interesting points on #6 Enhancing City Infrastructure:
Read more: Budget 2011 (PDF) http://www.hialeahfl.gov/dep/finance/Budget/2011/pdfs1/Budget%20Message.pdf |
Economic Crisis 101
•May 2, 2011 • Leave a CommentDemocrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.
At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.


