Archives for 2008

If I were a member of Congress and a Democrat, I would be ramming this down Bush’s throat:

The industry research firm Moody’s Economy.com tracked the potential impact of each stimulus dollar, looking at tax rebates, tax incentives for business, food stamps and expanding unemployment benefits.

The report found that “some provide a lot of bang for the buck to the economy. Others … don’t,” said economist Mark Zandi.

In findings echoed by other economists and studies, he said the study shows the fastest way to infuse money into the economy is through expanding the food-stamp program. For every dollar spent on that program $1.73 is generated throughout the economy, he said.

“If someone who is literally living paycheck to paycheck gets an extra dollar, it’s very likely that they will spend that dollar immediately on whatever they need – groceries, to pay the telephone bill, to pay the electric bill,” he said.

Of course, we all know that numbers have a left-wing bias.

And no, this does not change my mind- I still think any stimulus is pointless right now.

Stimulate ThisPost + Comments (91)

Bill Richardson is in the hot seat:

Richardson’s torn. He served in the Clinton White House, first as ambassador to the United Nations, then as Clinton’s Secretary of Energy. “I have a history with the Clintons,” Richardson said. “And I’ve always liked her. She always seems very genuine.” But Richardson considers Kennedy, who’s long been respected by Hispanics, as “a mentor.” In 1982, when Richardson ran for Congress for the second time — he lost two years before — Kennedy flew to Santa Fe and campaigned for him. “That might have been the reason I was elected,” Richardson said. And he said he likes Obama, telling a story about how Obama saved him during one of last year’s Democratic debates:

“I had just been asked a question — I don’t remember which one — and Obama was sitting right next to me. Then the moderator went across the room, I think to Chris Dodd, so I thought I was home free for a while. I wasn’t going to listen to the next question. I was about to say something to Obama when the moderator turned to me and said, ‘So, Gov. Richardson, what do you think of that?’ But I wasn’t paying any attention! I was about to say, ‘Could you repeat the question? I wasn’t listening.’ But I wasn’t about to say I wasn’t listening. I looked at Obama. I was just horrified. And Obama whispered, ‘Katrina. Katrina.’ The question was on Katrina! So I said, ‘On Katrina, my policy . . .’ Obama could have just thrown me under the bus. So I said, ‘Obama, that was good of you to do that.'”

I think it says something that after all those years of working for and with the Clintons, he can not automatically endorse her. Maybe my own experiences are different, but I would be able to unflinchingly endorse my boss for a job (or, just as easily unflinchingly decline to endorse them)- there would be no wavering. I would know where I stand. That Richardson can not make up his mind says something to me, and it is not favorable to Hillary.

Richardson’s DilemmaPost + Comments (125)