From ABC's This Week , George Stephanopoulos interviews Vice President Joe Biden: STEPHANOPOULOS: While we've been here, some pretty grim job numbers back at home -- 9.5 percent unemployment in June, the worst numbers in 26 years. How do you explain that? ... Read the full post ... Read more

Everywhere you turn there is news that the Fed, the Treasury, or Congress is attempting to "get credit flowing again". Kevin Depew was discussing this situation in Five Things: Credit is the Lifeblood of the Economy? These are heady times we are living in. Collectively, our national into ... Read more

A recent InvestmentNews survey finds that the majority of money managers in the US don’t think Obama’s economic recovery plan will achieve its stated goal. Frankly, I’m yet to hear any one plan which I’m jumping for joy over. In my understanding of Obama’s plan, the economy would be ... Read more

The final version of the 1071-page American Recovery and Reinvestment Act of 2009 is due to be signed by President Obama tomorrow. My summary of the bill's key tax items two weeks ago was not far off the mark, but there are a number of nips and tucks in the final version. Read the full article ... Read more

The market rallied strongly into the close on news that the Administration was planning to offer financial help to deserving homeowners who are falling behind on their mortgages. According to Reuters, “The Obama administration is hammering out a program to subsidize... ... Read the full post ... Read more

The Senate has approved their version of the stimulus package. The vote was 61 to 37. There are significant differences between the House and Senate bills, and this might cause some problems in gaining final approval. For a chuckle, from Krugman on the bailout : I was going to dub the new ... ... Read more

What's the answer to our economic woes? According to James K.Galbraith, it's government spending. Uncle Sam needs to spend now. Spend a lot. Then spend some more. In the Feb. 16 issue of Fortune magazine, Galbraith , a professor of government at the LBJ School of Public Affairs ... Read the ... Read more

With the latest rendition of the “stimulus” bill heading to the Senate, after passing without partisan support in the House, the pressure is still on the Obama administration to prove spending nearly $900 billion of our money to “stimulate” the economy will actually ... Read the full p ... Read more

As noted here, a “small” chunk of the House stimulus package is earmarked for carbon capture and sequestration (CCS) demonstration projects. For a coal-fired electric power plant, CCS entails the separation of the carbon dioxide during the combustion stage, compression into a fluid, and inj ... Read more

From the NY Times: House Passes Obama’s Stimulus Package Without a single Republican vote, President Obama won House approval on Thursday for an $819 billion economic recovery plan as Congressional Democrats sought to hold down their own difference over the enormous package of tax cuts and sp ... Read more