THE WEST WING The Weekly Memo
You may or may not know that I provide a Weekly Memo, typically on Fridays, to the City Council. We have placed them on the City's main web site for about a month now. You can view them here, on the s... Posted on 9/10/10 at 12:47 PM
STAFF BLOG CAPITOL CHATTER Check stimulus money
A new Web site, www.StimulusWatch.org, makes it easier for taxpayers to see how federal stimulus money is being spent locally.
While much information remains sketchy, the Web site does give figures an... Posted on 11/25/09 at 4:26 AM
Ever since the financial crisis struck and the Federal Reserve began “printing money” in an attempt to contain the damage, there have been dire warnings about inflation — and not just from the Ron Paul/Glenn Beck types.
Optimism had been building on Wall Street for some kind of announcement from Bernanke of additional steps to get the economy going again. Federal Reserve Chairman Ben Bernanke was speaking at a conference in Jackson Hole, Wyo. Bernanke dashed those hopes.
Republicans nationwide are attacking Democrats with a "failed stimulus" campaign drumbeat in ads, debates and campaign mailers, deriding the $814 billion program. But the nonpartisan Congressional Budget Office reported last month that 1.4 million to 3.3 million people are employed because of the program, a blow to Republican claims that the stimulus failed to increase employment.
Despite vocal criticism of the federal stimulus package and a re-election campaign that trades heavily on her opposition to it, Minnesota Republican Rep. Michele Bachmann sought stimulus funding on at least seven occasions last year. The requests, which came in August and September of 2009, were released Sunday by the investigative journalism site Center for Public Integrity.
Denver auditor Dennis Gallagher is holding a regional summit on oversight of federal stimulus funds. Participation in the meetings today and Friday include the states of Colorado, Montana, North Dakota, South Dakota, Utah and Wyoming.
These Demand Siders have very high IQs, but they seem to be strangers to doubt and modesty. They have total faith in their models. But all schools of economic thought have taken their lumps over the past few years. Are you really willing to risk national insolvency on the basis of a model?
Economists in the U.S. and worldwide repeatedly have explained how much job growth is possible, using past history as a common denominator. Yet more than a year after this administration took office, they still don’t seem to have a clue as to how to go about it.
Some say 80 percent of what the federal government does is unconstitutional. Lobbyists for special interests would have much less power if the government stuck to its constitutional limits. There would be no large government pie to fight over.
Police are investigating the shooting death of a 29-year-old Fergus Falls, Minn. woman at a mobile home park. Police were called to the mobile home park about 10:30 p.m. Friday and found the woman dead in a home.
Authorities have not released the woman’s name.
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