In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal. Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy. For further reading: Mark Zandi (former McCain economics adviser): http://www.philly.com/inquirer/opinion/20090215_Imperfect_stimulus_plan_is_still_the_best_answer.html Philosophical overview from the LA Times: http://opinion.latimes.com/opinionla/2009/02/pelosi-reid-sti.html p.s. Keynes's last words: "I wish I'd drunk more champagne." HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
Views: 308386 vlogbrothers
Watch more Politics 101 videos: http://www.howcast.com/videos/151881-How-To-Understand-the-Federal-Stimulus-Package Our economy's in the worst crisis since the Depression, and we need to turn things around. The government moved fast to pass the Economic Recovery and Reinvestment Plan – $787 billion of investment and tax cuts that will create 3.5 million jobs. Here are the plan's goals. Step 1: Understand the basics Break the cycle. Right now, consumers are worried about the economy. They aren’t spending, so businesses are struggling. When businesses struggle, people lose jobs. When people lose jobs, they cut their spending. It’s a vicious cycle, one that the recovery package aims to break. Step 2: Job creation Create jobs. The most important part of the package is job creation. The plan includes $150 billion to fund clean energy, technology, and infrastructure projects, which will employ millions of Americans looking for work. Step 3: Move toward a green economy Create green jobs, which put people back to work today, and make us more energy independent in the future. The projects in the package include: Modernizing the country’s electrical grid Developing wind turbines, solar panels, biofuels, and advanced vehicle battery systems Investing in clean water, flood control, and environmental restoration And increasing energy-efficiency in homes and offices. Step 4: Improve infrastructure To compete in a 21st-century economy, we also need to provide jobs that help construct a 21st-century infrastructure using 21st-century technology. The plan includes: Upgrading our crumbling roads and bridges Improving public transit and rail systems Modernizing the health-care system for long-term savings Funding biomedical, science, and engineering research And extending broadband services to underserved communities across the country. Step 5: Improve education Improve education to make America more competitive. To increase higher-education opportunities, college students will be eligible for a $2,500 tuition tax credit, $200 million will expand work-study programs, and the maximum Pell Grant – federal aid primarily for low-income students – will increase by $500. The package also provides more than $2 billion for early childhood development, and $13 billion in grants to ensure disadvantaged kids achieve high academic standards. Step 6: Unemployment benefits Help the unemployed, who are bearing the brunt of the economic crisis. Anyone who lost their job won’t have to pay income taxes on the first $2,400 of federal unemployment benefits, and government subsidies will make their health insurance more affordable. The package increases and extends unemployment benefits through 2009 and boosts food stamp benefits to offset rising food costs. Step 7: Tax relief Cut taxes and boost consumer confidence. The stimulus package includes $288 billion in tax cuts. In 2009 and 2010, President Obama’s signature 'Making Work Pay' tax cut will provide most individuals with $400 and most families with $800. Qualified retirees and disabled veterans will get a one-time $250 payment. These cuts ensure that working people pay less taxes, so they have more money to spend. Tip To help pump money into the economy over time, the 'Making Work Pay' tax credits won’t be distributed as a lump sum. Beginning in June, you’ll see an extra $13 in your weekly paycheck, and an extra $8 starting in January 2010. Step 8: Housing and auto credits Boost the housing and auto markets. To help buoy the housing market and stem foreclosures, the tax credit for first-time homebuyers will increase to $8,000. And if you purchase a new car, you can deduct the sales tax. These tax savings will translate into more people buying cars, which will help shore up the auto industry in addition to encouraging consumer spending. Step 9: Send money to states Help all 50 states. The economy can’t bounce back if states can’t balance their budgets, and if states suffer budget shortfalls, they can’t pay for essentials like public safety and other critical services, quality teachers, and school renovations. The package provides more than $50 billion for state services, plus an $87 billion increase in federal funding for Medicaid to states. Step 10: Work together Encourage optimism. We can’t expect the government to solve the financial crisis alone, or overnight. The private sector must contribute to job creation and economic growth. But the stimulus package is the first, critical step to getting our economy back on track. As President Obama said, 'We will turn this crisis into opportunity and emerge from our painful present into a brighter future.' Did You Know? You can find out more details of the stimulus plan, and even track how government money is being spent once the plan kicks
Views: 4559 Howcast
During times of economic turbulence (after a financial crisis, for example), the state can use economic stimulus (monetary stimulus by the central bank and fiscal stimulus or government stimulus by the government) in an effort to jumpstart the economy. But... should they? As you're about to find out, economists don't exactly see eye to eye when it comes to economic stimulus. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to email@example.com, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Views: 10405 One Minute Economics
You won't believe what these two guys are going to buy with their Stimulus Package. MORE BARELY: Click here to subscribe! http://www.youtube.com/subscription_center?add_user=barelypolitical Follow us on Twitter http://www.twitter.com/barelypolitical http://www.twitter.com/barelydigital Check out our websites http://www.barelypolitical.com http://www.barelydigital.com Friend us on Facebook & Myspace http://www.facebook.com/barelypolitical http://www.myspace.com/obamagirl Leave us a voicemail 1-(646)-827-2202 Write us a letter! P.O. Box 30921 New York, NY 10011 Watch Amber's channel http://www.youtube.com/2girls2minutes --
Views: 6206631 The Key of Awesome
New track from the new Dead Prez's mixtape "Pulse of the People: Turn off the radio vol. 3", producted by Dj Green Lantern Get FREE or die tryin
Views: 12225 MakkoRajo89
Is the stimulus large enough to offset the demand shock caused by the contraction in credit? Will it lead to inflation? Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/deflation-tutorial/v/deflation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/cap-util-inflation/v/inflation-deflation-capacity-utilization-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This tutorial starts with a very "micro" view of when firms decide to raise (or lower prices). It then jumps back to the macro view to discuss how capacity utilization can impact prices. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 79923 Khan Academy
1. US President George W. Bush walking into Roosevelt Room 2. SOUNDBITE: (English) George W. Bush, U.S. President: "After careful consideration, and after discussions with members of Congress, I have concluded that additional action is needed. To keep our economy growing and creating jobs, Congress and the administration need to work to enact an economic growth package as soon as possible." 3. Bush speaking 4. SOUNDBITE: (English) George W. Bush, U.S. President: "This growth package must be big enough to make a difference in an economy as large and dynamic as ours - which means it should be about 1 percent of GDP (gross domestic product). This growth package must be built on broad-based tax relief that will directly affect economic growth - and not the kind of spending projects that would have little immediate impact on our economy. This growth package must be temporary and take effect right away." 5. Wide of Bush speaking 6. SOUNDBITE: (English) George W. Bush, U.S. President: "To be effective, a growth package must also include direct and rapid income tax relief for the American people. Americans could use this money as they see fit - to help meet their monthly bills, cover higher costs at the gas pump, or pay for other basic necessities. Letting Americans keep more of their own money should increase consumer spending, and lift our economy at a time when people otherwise might spend less." 7. Zoom in on Bush speaking 8. SOUNDBITE: (English) George W. Bush, U.S. President: "By passing an effective growth package quickly, we can provide a "shot in the arm" to keep a fundamentally strong economy healthy. And it will help keep economic sectors that are going through adjustments, such as the housing market, from adversely affecting other parts of our economy." 9. Wide of Bush and officials leaving room STORYLINE: US President George W. Bush, acknowledging the risk of recession, embraced about 145 (b) billion US dollars worth of tax relief on Friday to give the US economy a boost. Bush said such a growth package must also include tax incentives for business investment and quick tax relief for individuals. He outlined several criteria for the package to meet. Bush said that to be effective, "This growth package must be big enough to make a difference in an economy as large and dynamic as ours - which means it should be about 1 percent of GDP (gross domestic product)" - the value of all US goods and services and the best measure of the US' economic standing. "This growth package must be built on broad-based tax relief that will directly affect economic growth - and not the kind of spending projects that would have little immediate impact on our economy," Bush said. "This growth package must be temporary and take effect right away." The president and Congress are scrambling to take action as fears mount that a severe housing slump and painful credit crisis could cause people to close their wallets and businesses to put a lid on hiring, throwing the world's largest economy into its first recession since 2001. The state of the economy has become a major topic in the US presidential campaign, replacing the Iraq war. Bush said that Congress and the administration need to settle on a temporary economic package that could be implemented quickly to "keep our economy growing and create jobs." "Letting Americans keep more of their money should increase consumer spending," he said. Specifically, he called for tax incentives for businesses, including small companies, to make new and major investments this year. He also called for tax relief for individuals - probably to come in the form of one-time rebates. Nor did Bush detail how the US would pay for such a plan. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/b353ba132391c19a0ab60edfeffb88ec Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 92 AP Archive
We breakdown the economic stimulus package in detail to find out exactly who gets what. Here's how the government stimulus package benefits the unemployed.
Views: 5399 Money Talks News
As Obama's stimulus package nears realisation, Aaron Smith from Superfund Financial and Christian Tegllund Blaabjerg from Saxo Bank discuss the effects it will have on the banks and the auto sector. Should we waste money on GM which is going be bankrupt anyway? How to revive the global economy? And Gold to be the ultimate form of cash?
Views: 220 mostlyharmless55
It is the worst economic crisis since the Great Depression. That's what we were told anyway. So extreme measures must be taken, and it's up to the president to get us out of this mess. How? Watch and see. Created and edited by GRANAMEDIA A/Video Productions, www.whatnots.cc
Views: 258 granamedia
What is a Stimulus | Economic Stimulus http://economicstimulus.org/what-is-a-stimulus/ If you care enough to ask the question! "what is a stimulus", the reply is fairly simple. Stimulus, in financial aspects, describes efforts to make use of fiscal or financial policy in stimulating the economy. It might also mean financial guidelines for example quantitative reducing and lowering rates of interest. Despite the fact that you might not be among those who happen to be affected directly through the economic decline considerably, you will find still ways that you might take advantage of the stimulus bundle effects. Inserting the economy with consumer investing may be the primary objective from the stimulus bundle. The vehicle and housing marketplaces, where producers and contractors have experienced significant deficits in the past several weeks, happen to be the main focus. People who're inside a stable personal finances may benefit probably the most here.Tax credits for brand spanking new home buyers are supplied by one of the greatest provisions within the stimulus bundle. People who'll buy their first home would actually take advantage of an excellent alternation in the very first time tax credit of home buyer. The brand new home buyer tax credit was elevated to 8000 dollars in the previous 7500 dollars. Additionally, the tax credit isn't needed to become paid back. The citizen is home free as lengthy because the citizen selects to remain in the home and views it as being his/her primary residence for three years a minimum of. People who end up capable of have the ability to decide to purchase a new truck or vehicle or a listing of large ticket products like a refrigerator or perhaps a new bathroom suite or perhaps perhaps a new kitchen might have the risk of subtracting the Florida sales tax. Individuals who live in states which has high condition taxes would greatly take advantage of this. Because the credits start to phase out for greater earnings citizens, make sure to look into the restrictions of citizens of these credits. The stimulus bill grows the tax benefits for workers making this for individuals individuals who utilize public transit considerably. No matter if the employer will pay for the advantage, the cash that's allocated to transportation is recognized as tax-free. Overall, the economical stimulus package's primary purpose is instilling the boldness that's required for economy growth restoration and confidence and without the 3 of individuals elements the economy will not have an opportunity of growth. Financial policy had already done its part so it's obvious that fiscal policy is required. The program would be also responsible in rebuilding rely upon the finance industry by restricting further the bonuses for that senior professionals of companies (that received TARP funds). The economical stimulus bundle was really successful (based on economic indications). But not every one of the success might be credited towards the package because strong emerging marketplaces also assisted in improving the economy. Still, stimulus bundle was accountable for obtaining the confidence needed in turning our economy around. What is a Stimulus | Economic Stimulus http://economicstimulus.org/what-is-a-stimulus/
Views: 901 george cashman
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111--5), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama. To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The rationale for ARRA was from Keynesian macroeconomic theory, which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. Shortly after the law was passed, however, Keynesian economist and Nobel laureate Paul Krugman while supportive of the law, criticized the law for being too weak because it did not "even cover one third of the (spending) gap". Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz and Paul Krugman favored large economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly. Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it's widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have — that Mr. Obama compromised in advance in the hope of gaining broad bipartisan support." Conservative economist John Lott was more critical of the government spending. On January 28, 2009, a full-page advertisement with the names of approximately 200 economists who were against Obama's plan appeared in The New York Times and The Wall Street Journal. The economists denied the quoted statement by President Obama that there was "no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy". Instead, the signers believed that "to improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth." The funding for this advertisement came from the Cato Institute. On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path". This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. The New York Times published projections from IHS Global Insight, Moody's.com, Economy.com and Macroeconomic Advisers that indicated that the economy may have been worse without the ARRA. http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009 Image by Jürgen from Sandesneben, Germany (Flickr) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Views: 2831 The Film Archives
Obama Stimulus package equivalent to spending 1million dollars a day for 3000yrs. So i'll repeat it again like the elders from GMS always bring out all the time Do you really think Amerikkka's going to recover from this downfall??? That stimulus package is no different than receiving a package of anthrax in the mail. The stimulus package was a package of anthrax!!! Its funny if you ask the average american whats in this package???Where is ALL this money being allocated??? They wouldnt know a god damn thing but what theyre told...BUT they're the main ones hooping and hollering for the bill to get passed... I cant wait for Amerikkka to be destroyed!!!
Views: 233 777SONOFRIGHT777
We breakdown the economic stimulus package in detail to find out exactly who gets what. Here's how the government stimulus package benefits those who are currently working and employed.
Views: 1067 Money Talks News
http://www.euronews.com/ The Japanese Prime Minister Shinzo Abe has announced an 87 billion euro stimulus package to create jobs and boost the recession-hit country. The move comes despite concerns about Japan's public debt, which is already more than twice the size of its 3.7 trillion euro economy. Abe said: "I recognise that fiscal discipline is extremely important. I will aim towards returning the primary balance to the black." "But without economic growth, there is no hope for the future of Japan and for rebuilding our finances," he added. The package aims to create more than half a million jobs and boost economic growth by two percent. The stimulus is a combination of construction projects, subsidies to companies and loan guarantees for small firms. Financial analysts, including investment bank Nomura, said the stimulus would give the economy a big lift. Japan's Nikkei stock index jumped on the news, gaining 1.4 percent after Abe's announcement. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 848 euronews (in English)
I'm glad this guy is on FOX now. I think he wrapped it up pretty well.
Views: 4798 xTJxBeasTx
President Barack Obama on Saturday laid out more pieces of an economic plan he says would add 3,000 miles of electrical lines, increase security at 90 ports and double the United States' renewable energy capacity within three years. (Jan. 24)
Views: 16535 Associated Press
Even the media - which is normally a heavy supporter of liberal agendas - recognizes that there is too much pork that needs to be trimmed from the stimulus. Watch this for just a few examples of what YOUR politicians feel should be part of the stimulus. Stand up - join us on our home page and together we can change the future.
Views: 247 TheNewPoliticalParty
Complete video at: http://fora.tv/2008/02/05/Joseph_Stiglitz_Economics_of_Information Nobel Prize-winning economist Joseph Stiglitz argues that increasing unemployment compensation should be a necessary first step for any national economic stimulus plan. ----- Nobel Prize-winning economist Joseph Stiglitz ("Globalization and Its Discontents") talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" - Asia Society Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.
Views: 8005 FORA.tv
Hard to believe what someone can say and not be called out on it, Obama says the Stimulus Plans is "without earmarks" and "we want Transparency and Accountability". I guess that Transparency wouldn't be applied to the Republican Senators who couldn't read what was in the bill before they signed it, I guess Obama could really say anything, and half of the population really would not even care....
Views: 2932 Speakmymind02
My other videos are much better. This was my 1st one. I know I sound horrible in this video, so no need to be mean and rude and tell me how bad I sound. That's like telling a smoker they need to quit smoking because they stink. Or telling a fat person they are fat. Or an ugly person they're ugly. They already know it without you telling them. Google this: CNBC Analyst: Global Bank, Global Currency Within 15 Years I failed to mention the details of the stimulus plan that will impact hundreds and thousands (perhaps millions?) of elderly. And the fact that this bill will REQUIRE doctors to report and electronically track your medical treatments per a federal system. The Federal Council is modeled after a U.K. board discussed in Daschle's book, "Critical: What We Can Do About the Health-Care Crisis". This board approves or rejects treatments using a formula that divides the cost of the treatment by the number of years the patient is likely to benefit. Treatments for younger patients are more often approved than treatments for diseases that affect the elderly, such as osteoporosis. Medicare now pays for treatments deemed safe and effective. The stimulus bill would change that and apply a cost- effectiveness standard set by the Federal Council (464). In 2006, a U.K. health board decreed that elderly patients with macular degeneration had to wait until they went blind in one eye before they could get a costly new drug to save the other eye. It took almost three years of public protests before the board reversed its decision. The liberals in Congress just won't stop. Now we have learned they are meeting in secret. Ultra liberals in Congress are continuing to pull strings behind the scenes to give billions of dollars in taxpayer money to ACORN. They are working overtime to shove through billions and billions of dollars in wasteful spending to long term liberal special interest projects. They are doing this all under the continued guise of the stimulus package. The price tag is still astonishing. $789 billion might be less than the Senates $838 billion, but its massively more than the $300 billion this bill originally was proposed at, and still tops a trillion dollars when interest is included. There's still $50 million for the National Endowment for the Arts, $600 million to buy cars for government workers, $88 million for ATV and bike trails and so much more waste. And, go to www.StimulusWatch.org to see the wish list of earmarks for cities and counties in your area. It will blow your mind. On January 11, Speaker Pelosi publicly pledged "no pork" when being interviewed by Wolf Blitzer. She promptly broke that pledge when it was convenient to do so. The trillion dollar stimulus bill pushed by Speaker Pelosi and passed overwhelmingly by the House has more pork spending than any bill in history! In fact, the bill (H.R.1) contains so much pork spending that Speaker Pelosi included $227 million simply for oversight of the pork barrel projects included in her stimulus bill. (Page 11 of the stimulus bill.) See some of the pork included in this bill: http://www.afa.net/pdfs/porkandpayoffs.pdf "Ruin Your Health With the Obama Stimulus Plan: Betsy McCaughey": http://www.prisonplanet.com/ruin-your-health-with-the-obama-stimulus-plan-betsy-mccaughey.html • Help us send one million e-mails to Speaker Pelosi. Tell Speaker Pelosi that you are fed up with pledges being made and broken. • Please forward this to all your friends and family and ask them to take a pledge not to vote for a member, of either party, who lies to the people: https://secure.afa.net/afa/activism/signpetition.asp?id=1810 To read the article, "It's the Economy and Illegal Immigration Stupid!" by Frosty Wooldridge go here: http://www.newswithviews.com/Wooldridge/frosty440.htm TAGS: Wall Street Stock Market Bank AIG Collapse Crash Immigration Gumballs Green Migrant Workers Mexico Obama Reserve Borrow Loans Fiasco Lotto Lottery Giveaway Hannity Imus Dutko Coulter American Family AFA OneNewsNow.com Rush Limbaugh Liberals Democrats Republicans Patriots Constitution Democratic Associated Press Billion Trillion Troubled Assets Healthcare Information and Management Systems Society HIMSS HyperInflation Bankrupt Bankruptcy Medical Medicaid
Views: 2979 FireThunderTV
The Congressman also appeared on MSNBC this morning to discuss the same issue. One commentator suggested that Paul's analysis was misguided because "The house is already on fire" and something must be done to put it out. "You are correct, the house is on fire," Paul fired back, "and you think you're putting water on it, but I think you are pouring kerosene on it." he added. "We got into this mess by spending too much, borrowing too much and inflating too much. Government was too big and we had too many regulations. We had rejected the market economy for decades, we have rejected the notion of sound money for decades, and we got into a mess this way. So what is the proposal? Spend more money, borrow more money, print more money, regulate more, it makes no sense whatsoever." Paul asserted. The Congressman suggested that a more sound approach to the crisis would be to abolish income tax and business tax to get Americans spending, whilst simultaneously cutting overseas spending to cover revenue losses. "But the problem is no one wants to cut the American Empire," Paul explained. "Even Obama's administration wants to increase spending overseas and increase military spending. As long as you want to run the world empire at a trillion dollars a year, believe me you cannot solve this problem." he added.
Views: 27129 drp199023
I discuss the Trump Stimulus package and how African Americans can take advantage. Patreon https://www.patreon.com/UncleHotep Listen to my Podcast and follow me on Twitter podcast https://soundcloud.com/handymayhem twitter https://twitter.com/handymayhem http://hotepnation.com/shop/ http://unclehotep.storenvy.com
Views: 1906 Handy Mayhem
Cabinet ministers in Japan have approved a $275b stimulus package to help the economy. The measures include new government spending, cash payouts to low-income earners and various programmes to increase consumption. Al Jazeera’s Gerald Tan explains. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 2133 Al Jazeera English
In February 2009 we sat down with Assistant Vice President and Economist Bill Emmons of the Federal Reserve Bank of St. Louis to talk about his opinion of the stimulus package. Here Dr. Emmons talks specifically about what the stimulus plan could mean for St. Louis.
Views: 314 FacingMortgageCrisis
In The Loop ( http://www.mpr.org/intheloop ) headed out to ask folks what they plan to do with their fabulous government tax rebate checks. Will they go out and spend the $$$ on electronics, toys, and trinkets, thus rescuing (as the theory goes) the economy? Or do they have something more mundane in mind? In The Loop is a radio show and podcast from Minnesota Public Radio. Check out some of our other videos: Barackary Clintama: http://youtube.com/watch?v=sNRKktrZEq0 Where's Captain Planet: http://youtube.com/watch?v=yUfbnXsqYJk Caucus Preparation Guide: http://youtube.com/watch?v=FLCUcKy52EQ You Gotta Go To School: http://youtube.com/watch?v=VT4S0wDVDrQ Super Tuesday Fever: http://youtube.com/watch?v=MkglWj0B-Hw Visit http://www.mpr.org/intheloop to see more join our network!
Views: 491872 MPRdotOrg
"Some of the reactionary economists urged that we should allow the liquidation to take its course until we had found bottom.... We determined that we would not follow the advice of the bitter-end liquidationists and see the whole body of debtors of the United States brought to bankruptcy and the savings of our people brought to destruction...Instead we met the situation with proposals to private business and to Congress of the most gigantic program of economic defense and counterattack ever evolved in the history of the Republic." -Hoover (Wikipedia) Hoover confronted a world of political possibilities when he returned home in 1919. Democratic Party leaders looked on him as a potential candidate for President, and President Wilson privately preferred Hoover as his successor. "There could not be a finer one," asserted Franklin D. Roosevelt, then a rising star from New York. Hoover briefly considered becoming a Democrat, but he believed that 1920 would be a Republican year. A self-described progressive and reformer, Hoover saw the presidency as a vehicle for improving the conditions of all Americans by encouraging public-private cooperation—what he termed "volunterism". Long before he had entered politics, he had denounced laissez-faire thinking. At the outset of the Depression, Hoover claims in his memoirs that he rejected Treasury Secretary Andrew Mellon's suggested "leave-it-alone" approach, and called many business leaders to Washington to urge them not to lay off workers or cut wages. Congress, desperate to increase federal revenue, enacted the Revenue Act of 1932, which was the largest peacetime tax increase in history. The Act increased taxes across the board, so that top earners were taxed at 63% on their net income. The 1932 Act also increased the tax on the net income of corporations from 12% to 13.75%. The final attempt of the Hoover Administration to rescue the economy occurred in 1932 with the passage of the Emergency Relief and Construction Act, which authorized funds for public works programs and the creation of the Reconstruction Finance Corporation (RFC). The RFC's initial goal was to provide government-secured loans to financial institutions, railroads and farmers. The RFC had minimal impact at the time, but was adopted by President Franklin D. Roosevelt and greatly expanded as part of his New Deal. Even so, New Dealer Rexford Tugwell later remarked that although no one would say so at the time, "practically the whole New Deal was extrapolated from programs that Hoover started." "For three long years," Roosevelt said in accepting his party's nomination, "I have been going up and down this country preaching that government . . . costs too much. I shall not stop that preaching." FDR campaigned in 1932 on a platform of slashing the size and cost of government, and of ending the "reckless and extravagant" spending of Herbert Hoover. Stop that preaching he didn't. He accused Hoover of presiding over "the greatest spending administration in peacetime in all our history . . . an administration that has piled bureau on bureau, commission on commission." He slammed the Republican's record of "reckless and extravagant" spending, and of thinking "that we ought to center control of everything in Washington as rapidly as possible." He mocked those who thought "a huge expenditure of public funds" was the best way to grow the economy of succumbing "to the illusions of economic magic." His running mate, Texas Congressman John Nance Garner, even warned that Hoover was "leading the country down the path of socialism." - Jeff Jacoby "Unemployment Relief" Recorded October 18, 1931 Full speech at The Authentic History Center Transcript at: http://www.presidency.ucsb.edu/ws/?pid=22855#axzz1wcDOCsEQ
Views: 25058 guyjohn59
Mike Papantonio of GoLeft TV and Air America's Ring of Fire appears on Your World with Neil Cavuto, to talk about President-elect Obama's idea to provide a new stimulus package for America - one that would create jobs by investing in infrastructure, similar to how FDR helped pull us out of the Great Depression.
Views: 2340 The Ring of Fire
This clip is from the excellent 3 part documentary "The Elected:the Presidency and Congress". Few remember that Clinton also came into office having inherited a cratering economy, and he tried to get Republicans behind a stimulus package. The republicans blocked him from day one, and made no effort to work in a bipartisan manner. Obama has clearly learned something from history, but he shouldn't be surprised that republicans put their Party's interests ahead of the country's.
Views: 135 dandmcguire