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Stimulus

WNYC News

Heat From the Earth to Warm East Side Apartments

Thursday, October 28, 2010

Heat from deep inside the earth will soon be used to provide heat and hot water inside people's homes on the East Side of Manhattan.

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The Takeaway

Obama Administration Announces Big Spending Package on Transportation

Thursday, October 28, 2010

Transportation Secretary Ray LaHood's expected announcement of billions of dollars in federal grants for high speed rail today is beginning on a sour note. New Jersey Governor Chris Christie announced yesterday that he is stopping construction of an $8.4 billion Hudson River rail tunnel connecting New Jersey and New York. Citing billions of dollars of expected cost overruns, Christie says his "decision is final." This comes after LaHood made a personal appeal to Christie, and negotiations between the Obama and Christie administrations.

With Republicans running against President Obama's stimulus, an issue that's resonated with voters, LaHood's announcement comes at a questionable time. There will be events in Iowa, Michigan, California. There's also money for Connecticut and Florida. These are all states with close races. How is this going to affect the midterm elections?

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It's A Free Country ®

The Big Picture: Joseph Stiglitz on the Economy

Tuesday, October 26, 2010

WNYC
I think every serious economist realizes that if it had not been for the stimulus, our unemployment rate would be 2 to 3 percentage points higher than it is today. And we have enough suffering as it is—one out of 6 Americans that would like a full-time job can’t get one. Without the stimulus, things would have been that much worse.

- Joseph Stiglitz, winner of the Nobel Prize in economics, on The Leonard Lopate Show.

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The Takeaway

Small Indiana City Credits Stimulus With Its Recovery

Thursday, October 21, 2010

In early 2009, Kokomo, Indiana, was emblematic of the bleak state of recession-age America. With an economy dependent on the American auto industry, the city's unemployment rate had risen to 20 percent.

But over a year later, things in Kokomo are looking up. Unemployment is down to 14 percent, and several companies are creating new jobs. While there is much disagreement about the effectiveness of the economic stimulus package, Kokomo residents and politicians are quick to credit it with their city's recovery.

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Transportation Nation

Shovel-Ready Projects? Obama Admits There's No Such Thing

Wednesday, October 13, 2010

(Kate Hinds, Transportation Nation)  In the upcoming New York Times Sunday Magazine, journalist Peter Baker's profile of President Obama, "Education of a President," includes this quote:

"There’s no such thing as shovel-ready projects."

No real surprise, as the president has already been saying watered-down versions of this, like the 2009 comment: "The term 'shovel-ready' — let's be honest, it doesn't always live up to its billing." But it's a hard lesson to publicly learn a month before an election which might lose your party the majority.

His full quote, which the paper includes in an online transcript of the interview, reads: "Infrastructure has the benefit of for every dollar you spend on infrastructure, you get a dollar and a half in stimulus because there are ripple effects from building roads or bridges or sewer lines. But the problem is, is that spending it out takes a long time, because there’s really nothing — there’s no such thing as shovel-ready projects."

With this week's announcement of the president's hope for a six-year transportation plan (itself a more refined version of last month's $50 billion infrastructure announcement), it's clear that he's trying to take the long view and win bipartisan support.  "I think we have to have infrastructure that keeps up with the demands of the 21st century," he says in the New York Times transcript. "We can’t have a China that has the best airports, the best railways, the best roads, and we are still relying on infrastructure that was built 200 years ago or 100 years ago or even 50 years ago when it comes to things like broadband lines." Not to mention frame it as financially sound and historically popular. "Investing in our infrastructure is something that members of both political parties have always supported," he pointed out on Monday.

It's clear he's trying to implement one of the lessons learned in the first two years of his presidency, at least according to Baker's article: "You can't be neglecting of marketing and P.R. and public opinion."

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It's A Free Country ®

Today's Comments Roundup

Wednesday, September 29, 2010

Buzzing »» Tea Party | Stimulus | Polling | Krugman vs. Gingrich

The Tea Party to me appears to be a successful re-branding of the Libertarian party. It's an expanded libertarian party that now includes social conservatives, conspiracy theorists and gun nut militia types. The Tea Party is good for America because they are pushing forward the debates that need to happen on whether we truly want to eliminate the social safety net or fully fund it, whether we want the Govt to invest in infrastructure and industry (ex. alternative energy) or leave it the to the private sector, and whether Federal regulation on business protects us or hurts us. I think it forces the left to educate the country that Fed regulation and investments benefit the country and it forces the right and left to deal with our underfunded government.

-- Marcus from Greenpoint on whether the Tea Party is good for America. »» Join the conversation

It depends what you mean. Is the Tea Party as a movement pushing the country in a positive direction? No. Is the Tea Party winning elections good? Yes. The quicker we put them under serious scrutiny and put them in positions of power the sooner it will be revealed that they have no coherent platform and no idea how to actually run a government.

-- Terrence from Staten Island »» Join the conversation

What is this "likely" voter stuff ? Are you taking the subject's word for whether s/he will vote? Have you ever studied how true this is? How would you? Sounds like the loudest people have the biggest effect. Polls affect behavior - - sometimes people don't vote for the candidate they favor if they believe the candidate has no chance.
People, remember the only poll that really matters is the one on election day!

-- Henry from Katonah on a conversation with three pollsters about how they could have arrived at such different results in recent NY Governor race polls »» Join the conversation

I think the stimulus (TARP) was just about right in size and scope. Even Keynes argued in his theory that government intervention was only meant to be short term in duration, to "prime the pump" and not a long term solution. It was to be a quick shock absorber meant to keep a crash from becoming fatal, like inflatable crash bags kick in during an automobile to save your life from the full impact.

-- Jgarbuz on whether the Obama stimulus had its intended effect »» Join the conversation

Obama and his party oversold the stimulus and practically nothing the government could do would have more significantly improved the economy by now. The right is manufacturing and manipulating discontent to continue the policies which helped get us into this mess in the first place.

-- Ron on the legacy of the stimulus »» Join the conversation

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It's A Free Country ®

Was the Stimulus Good For America?

Wednesday, September 29, 2010

"When you build a bridge, when you build a canal, when you build a railroad, when you build the Hoover Dam in the 30s, when you look at all the infrastructure that was done, when you build an airport, that tends to pay dividends for years and decades to come in ways that people can't imagine."

-Dan Gross on The Brian Lehrer Show on September 29.

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The Brian Lehrer Show

30 Issues in 30 Days: The Federal Stimulus

Wednesday, September 29, 2010

Dan Gross, columnist and economic editor at Yahoo Finance, and Stephen Moore, senior economics writer for the Wall Street Journal and author of The End of Prosperity debate the pros and cons of the federal stimulus package.  

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The Leonard Lopate Show

The Big Picture: The Stimulus

Tuesday, September 28, 2010

For this week’s edition of The Big Picture, Michael Grunwald, Senior Correspondent for Time magazine, discusses the American Recovery and Reinvestment act of 2009—the stimulus bill—which Republicans have called 'too much government spending' and 'not enough' by many Democrats. He’ll explain what the stimulus bill called for, where funds have gone, and how effective it has been in boosting the economy and creating jobs.

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Transportation Nation

Is High Speed Rail Part of the Midwest's Economic Solution?

Tuesday, September 21, 2010

(Detroit -- Noah Ovshinsky, WDET) Supporters of mass transit are touting a new study that looks at the economic impact of high-speed rail in the Midwest. According to the Public Interest Research Group In Michigan (PIRGIM), a new rail network would create 58,000 jobs and tap into the manufacturing base that already exists in Michigan. Several Midwest states, including Michigan, have received stimulus money to help establish high speed train routes.

Meghan Hess of PIRGIM says she hopes the report keeps the issue in the public eye. “There is some money coming in from the recovery act but its not enough to fund the whole system," she says. "It needs the political will and the public pressure behind that political will to make that system a reality.”

Michigan is using stimulus money to build new train stations in several cities along the Chicago-Detroit rail corridor. Advocates say a new high speed rail system would allow passengers to travel between the two cities in less time than it takes to drive.

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It's A Free Country ®

Pennsylvania Voters: Depression Where Obama Inspired Hope Two Years Ago

Monday, September 20, 2010

Depressed. That certainly describes Luzerne County, Pennsylvania, a former coal-area that now, as one local once explained it to me, “scratches to get by. Where I’ll sell you pizza, if you buy my tires.” But it also describes the mood of the voters, who, less than two years after “Yes, We Can” swept the nation, pretty much believe, “No, We Can’t.”

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The Takeaway

Robert Reich: President Obama and the Economy of 2011

Tuesday, September 07, 2010

President Obama spent his Labor Day in Milwaukee, announcing big plans for the nation's infrastructure. The plan begins with an initial investment of $50 billion of taxpayer money, followed by increased spending over the next six years. It aims to build or repair 150,000 miles of roads; 4,000 miles of rail and 150 miles of airplane runways.

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The Takeaway

Obama to Congress: Fix Roads, Add Jobs

Tuesday, September 07, 2010

President Barack Obama is talking about the economy all week. Yesterday, he delivered a jobs speech before a whooping crowd in Milwaukee, Wis., where he called on Congress to swiftly approve a new stimulus plan: one that would devote at least an additional $50 billion to upgrade the nation's infrastructure.

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The Takeaway

Should the US Government Let the Housing Market Collapse?

Tuesday, September 07, 2010

Housing prices have dropped an average of 26 percent since last July, and many economists and realty analysts are recommending that the federal governement do... nothing.

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Transportation Nation

Obama: Infrastructure, Transportation Equals Jobs

Monday, September 06, 2010

(Marketplace) We mark this holiday by noting that there are millions of people in this country who wish they were laboring. We have the highest unemployment rate for a Labor Day in almost 30 years. Labor Day 1982 saw a 10.1% jobless rate. Today, it's 9.6%.

President Obama was in Milwaukee today -- endorsing another $50 billion in government infrastructure projects.  It will all be paid for by ending a tax break for oil and gas companies, he said.  More from Marketplace's John Dimsdale.

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WQXR News

Obama Proposes New Round of Stimulus Efforts

Monday, September 06, 2010

President Obama will be presenting a new $50 billion proposal for infrastructure investments at a speech in Wisconsin.

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Transportation Nation

Obama Checks in on EV Battery Races

Wednesday, July 07, 2010

(Washington, DC - Todd Zwillich, Transportation Nation)  President Obama will visit an electric truck plant in Kansas City, Mo., tomorrow to tout clean-energy vehicles as a job-creator, the White House says.

Obama is set to tour Smith Electric Vehicles, which was on the receiving end of $32 million in Recovery Act stimulus money. It was part of an overall $2.4 billion slice of the stimulus targeted toward high-tech battery and plug-in hybrid development.

Obama will tour the plant and make a speech on job creation with the plant as a backdrop. The White House says Smith's new plant, in a refurbished jet engine facility at the Kansas City International Airport, is one of "as many as 20" assembly plants the company plans to open.

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Transportation Nation

Stimulus Leaving Women, Minority Contractors Behind

Tuesday, March 09, 2010

The money doesn't trickle down to the economy like it should. Especially when the money's been earmarked for highway departments across this country, and the good old boy network is alive and well in those institutions.”  That's what what the owner of an African-American owned construction company tells us.  Minority communities have been hit hard by the recession, but they are receiving fewer of the stimulus project contracts doled out by the government.  MPR News' Dan Olson is following this story in Minnesota, where transportation officials failed to direct even 8.5 percent of road and bridge construction business to companies owned by women and minorities.  Today, The Takeaway looks at this nationwide.

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The Takeaway

First Take: Turning towards Kandahar, Stimulus for Minority-Owned Businesses, Violin Genius

Monday, March 08, 2010

UPDATED 5:45 p.m.

Alex Goldmark here. 

We're monitoring the media blitz of Rep. Eric Massa tonight as he heads for the cable news channels to defend himself against ethics accusations. And also to throw a few more parting shots at President Obama's Chief of Staff, Rahm Emanuel. It's an inside story for Washington, but some valuable insights might come out on how work gets done in the Obama White House. Our partners at The New York Times are covering that here

Also, it is python hunting season in Florida. We'll bring you a sharp shooter. 

 

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The Takeaway

Transportation Nation: Speeding up the Pace of Spending

Thursday, February 25, 2010

In partnership with WNYC Radio in New York, The Takeaway's Transportation Nation looks at the changing shape of America's transit landscape.  

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