Correction: March 11, 2009 An article on March 2 about President Obama's plan to sign a $410 billion spending bill that included thousands of lawmakers' pet projects misstated his campaign promise about projects of this type, known as … [Read more...]

Not only does that ratio have a distance more to fall, but there's evidence rents are falling too.  If you're a bank, that's not such good news. It means that the downward adjustment will go further than just matching historical … [Read more...]

The zombie assets that falsely inflate the equity number of bank balance sheets contribute to investors' distrust in the financial system. That's part of what's causing a freezing up of credit. To overcome that fear, we need the banks to … [Read more...]

We also get made up "facts":[O]nly 15% of the massive spending increases in the Obama/Pelosi spending spree will take place in 2009. The remaining taxpayer dollars they plan to spend pay out over the next ten years!However, in a period that … [Read more...]

But there's no need to withhold judgment on Daschle himself.  He embodies everything that is sleazy, sickly, and soul-less about Washington.  It's probably impossible for Obama to fill his cabinet with individuals entirely free of … [Read more...]

Two key differences:Romer's analysis regarded tax increases not tax decreasesRomer was not analyzing a deflationary economy.This is the kind of believing anything one finds convenient that drove the Bush Administration into a ditch. It's … [Read more...]

Priorities:...we'll invest in priorities like energy and education; health care and a new infrastructure that are necessary to keep us strong and competitive in the 21st century. That's why the overwhelming majority of the jobs created will … [Read more...]

Fehrnstrom even has the same experience I've had with almost every Republican in my personal circle since October 2004:Even before Colin Powell crossed party lines to endorse Obama, longtime Republican friends announced they were voting … [Read more...]