Posts Tagged ‘Economy’

PM Brown offers greater optimism than President Obama.

One of them is wrong. While there was some overlap in what the two leaders had to say, the British Prime Minister, Gordon Brown, seemed rather more upbeat in his remarks before Congress Wednesday than the President was in his own just over a week ago. Even if both men favor radical reforms in governance, domestic [...]

Despite Worsening Perceptions of the Economy, Support for the Stimulus Drops

Take a look at this chart: the blue line depicts the historic percentage of respondents who give a negative rating to current economic conditions (source: Gallup), while the red line depicts the historic percentage of respondents who support the economic recovery package proposed by Barack Obama and the Congressional Democrats (source: Rasmussen). Although the polling [...]

Where’s the Outrage on the Pay Raise?

Just over a week ago, I implored members of Congress from both parties to reject the $4,700 pay raise they are scheduled to receive in 2009. However, to date, I haven’t been able to find a single Representative or Senator who has done this. I have to wonder: where is the outrage from everyday Americans?! [...]

Exclusive: Economist Allan Meltzer on The Coming Battle Over Job Creation

President-elect Obama just announced that he has taken his already bold plan for job creation a step further: instead of seeking to create 2.5 million jobs over the next two years, he now aims to create 3 million. How does he plan to do this? Biden and Obama responded by pushing for a more ambitious [...]

Make a Statement and Reject the Pay Raise

The Hill reports that despite a “crumbling economy,” members of Congress “will get a $4,700 pay increase” in 2009. In the grand scheme of things, this may not amount to much – “an additional $2.5 million that taxpayers will spend on congressional salaries” – but nonetheless it certainly will not go over well with struggling [...]