The Times quotes Jan Hatzius, chief domestic economist for Goldman Sachs, as stating, “we will need a stimulus package of $600 billion at an annual rate, or $1.2 trillion over two years.”
The $600 billion figure was also floated by Paul Krugman; however, he has not yet gone the extra step of recommending a second year, as Hatzius has.
MSNBC reports that Senate negotiations on an auto bailout bill have collapsed. Apparently Democrats and Republicans were near a deal, but the […]
Or will the president give in to Republican hostage-takers’ demands on the debt limit, just like he did on tax cuts last […]
Paul Ryan is a charlatan and a crank. This assertion is based on the standard outlined by Republican economist Gregory Mankiw, Chairman […]
Alec McGillis of the Washington Post reports: Administration officials have said they did not push for more infrastructure spending because of concerns […]
