stimulus plan

Much of the reason our economy is a mess is due to the housing bubble, a period in which too many homes were built — and too many people bought homes they couldn’t afford. Home prices continue their death spiral because a glut of homes remains on the market, leftovers from the bubble as the [...]

Thousands of layoffs announced Monday illustrate the pain caused by the credit crisis here in the United States. But as the Financial Times reports, a credit crisis hits less prosperous nations much harder. From Malaysia to Morocco, the crisis, combined with high food prices, has forced some countries to revert to the old practice of [...]

John Judis at The New Republic joins a growing chorus of voices wondering if President-elect Barack Obama’s stimulus plan goes far enough. We’re talking about a massive spending works plan here, and everyone from Judis to contributors to the Wall Street Journal’s Real Time Economics blog say even more needs to be done. What’s surprising [...]

President-elect Obama’s big economic speech today details all the problems the economy faces, and he predicts dire consequences if the government doesn’t act now – and in a big way. If nothing is done, Obama warns, the recession could linger for years. It’s all part of his effort to drum up support for his massive [...]

Over at Beat the Press, economist Dean Baker raises an interesting question that deserves follow-up: Is there a hidden tax credit for Citigroup in the upcoming Obama administration’s proposed stimulus plan?
From Baker:
The media seem to have largely overlooked the Citigroup tax credit in their discussion of the latest items in President [-elect Barack] Obama’s stimulus [...]