Fiscal Stimulus

U.S. Economic Conditions and the Race for Presidency (Connections/KGNU Colorado Radio)

Steve Clemons, director of the American Strateg Program at the New America Foundation, interviewed with the radio program 'Connections' where he discussed U.S. economic policy. The segment is available here.

Bloomberg in DC: 'The Jig Is Up': Mayor Decries the Plans for Stimulus (The New York Sun)

"When you need stimulus you cut checks. You've got to get the money out the door," a senior economic adviser to Senator Obama, Austan Goolsbee, said yesterday at a campaign panel organized by the New America Foundation. more

On stimulus, Sen. McCain, Bush divided (The Hill)

“Just raining cash down — which seems like what Congress wants to do—is not going to have much of an effect,” declared Kevin Hassett, a senior McCain adviser, who appeared on a panel at the New America Foundation alongside the economic advisers to the leading Democratic candidates. more

Congress appears poised to move forward with a fiscal stimulus package. In theory, a mixture of monetary and fiscal policy is generally most appropriate to help a slowing economy; in practice however, fiscal policy becomes politicized so easily that it is often ineffective, and is sometimes even counterproductive. Too often in the past, stimulus bills have been poorly timed, poorly targeted, and larded up with unrelated items. If Congress moves forward with a stimulus package, the Committee for Responsible Federal… more