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Senate strikes "Buy American" provision from Stimulus Bill ripoff
 
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Lou Dobbs Tonight -- CNN -- February 5, 2009 // BILL TUCKER, CNN CORRESPONDENT (voice-over): The "Buy American" provisions in the stimulus plan could be changing. Senators Byron Dorgan and Sherrod Brown offered an amendment approved by the Senate, which states that the "Buy American" provisions quote, "shall be applied in a manner consistent with United States obligations under international agreements." -- See this URL for the entire transcript: http://transcripts.cnn.com/TRANSCRIPTS/0902/05/ldt.01.html
Views: 654 APReport
Buy American
 
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The economic stimulus package includes a "Buy American" clause many U.S. industries lobbied for. Lesley Stahl reports that businesses that export overseas fear foreign governments will retaliate and keep U.S. products out of their market.
Views: 23774 CBS
Pros, cons of 'Buy American'
 
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Economists weigh the merits and drawbacks of the 'Buy American' provision included in the stimulus plan.
Views: 1071 localworldnews
Chargé dAffaires Koenig on the Buy American provisions of the economic stimulus package
 
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In a video message on the Buy American provisions of the economic stimulus package Chargé daffaires ad interim John M. Koenig said: President Obama understands how critical open markets are to growth. Some have criticized the U.S. stimulus plan, claiming that buy American provisions in the legislation create trade barriers. In fact, buy American stipulations for public procurement have existed since 1933. They have not prevented the U.S. from being, by far, the worlds largest importer.
Backing off from Buy American?
 
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President Obama appears to be backing away from Buy American provisions in the stimulus bill. CNN's Bill Tucker reports.
Views: 166 localworldnews
Buy American
 
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The economic stimulus package includes a "Buy American" clause many U.S. industries lobbied for. Lesley Stahl reports that businesses that export overseas fear foreign governments will retaliate and keep U.S. products out of their market.
Views: 2207 CBS News
United States Senate
 
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Jeff Hullinger of WXIA, 11- Alive Atlanta hosts as Republican incumbent Johnny Isakson faces his two opponents in the only debate he’s agreed to for the 2016 election. Democrat Jim Barksdale and Libertarian Allen Buckley want to replace Isakson and represent Georgia in the United States Senate. Jim Galloway of the Atlanta Journal-Constitution, Lori Geary of WSB-TV, and Kimberely Scott of WJBF serves as panelists, questioning the candidates about the top issues facing the state.
Views: 2969 Atlanta Press Club
How Congress Can Stimulate the Economy
 
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Bill Beach, director of Heritage's Center for Data Analysis, discusses the pros and cons of an economic stimulus package, during an interview on PBS' NewsHour.
James Bullard: The projections are that economy is going to slow
 
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St. Louis Federal Reserve President James Bullard on the stock market, the state of the economy and the Federal Reserve's independence.
Views: 2084 Fox Business
Countering Buy American
 
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It is fashionable in intellectual circles to treat "Buy American" provisions in government spending packages as silly relics that appeal to ill-educated people. These provisions require the government to purchase goods and services from US based companies whether or not they are the lowest cost providers. This is one reason that both the Trans-Pacific Partnership and United States-European Union trade agreement are likely to include language sharply restricting home country preferences in government procurement. Unfortunately, this is yet another case where the folks in intellectual circles don't have a clue what they are talking about. It is easy to make the case for ending home country preferences. It is the same argument for free trade more generally. If governments purchased goods and services from the lowest bidder, regardless of which country they are located in, they would save money which could then be used for spending in other areas. The problem of overpaying can be especially serious with government procurement. In many situations public officials award contracts to friends or political associates, often paying far more than the going rate on the market. For example, it has been claimed that buy American provisions added more than $400m to the cost of rebuilding the Bay Bridge between San Francisco and Oakland. In such cases, there could be large savings from contracting with a foreign firm. However this is only part of the story. When President Obama took office in 2009 he immediately crafted a stimulus package to restart the economy, which at that point was in a free fall. He tried to get as large a package as possible through Congress. All of his top economic advisors believed that the $800bn stimulus package eventually approved ($700bn after excluding technical changes to the tax code that would have occurred in any case) by Congress was much smaller than the economy needed at the time. Many independent economists, including those at the International Monetary Fund, have concurred in this assessment. In other words, the economy would have been better served in 2009 with a stimulus that was far larger than the one President Obama was able to get through Congress. However even this package presented a huge political struggle. There were almost no votes to spare in either the House or Senate. One component of the package that won the support of many businesses and unions was a "Buy American" provision that required that contracts go to firms based in the United States unless this would raise the cost of a project by more than 25 percent. The support of these groups was crucial in persuading several members of Congress to vote for the package. Without the support won by adding a "Buy American" provision it is likely that the 2009 Obama stimulus package would not have passed. Whatever stimulus package eventually got through Congress would almost certainly have been smaller, meaning that it would have provided less of a boost to growth and employment. This is not just a US problem. The stimulus packages almost everywhere were too small and short-lived to bring economies back to full employment. This has been the case in Germany, the United Kingdom and nearly every wealth country, with governments unwilling to spend the money needed to boost the economy back to full employment following the 2008 collapse. This recent history indicates a clear bias against deficit spending even when it is needed to counteract the effects of an economic downturn. This is a factor that trade negotiators should keep in mind if their goal is to foster economic growth and employment. The United States was able to have a more effective stimulus than would have otherwise been the case because President Obama was able to include a Buy American provision in the stimulus package. This was likely the case in other countries as well, where stimulus spending may have included stipulations that favoured domestic business and jobs. It may be true that the world economy would have been better off if every country passed stimulus packages identical to the 2009 packages and the packages did not include any home country preferences, but that almost certainly would not have happened. Without the home country preferences many of the stimulus packages would have been smaller, providing less of a boost to the world economy. For this reason we should be thankful that we did not have trade agreements in place in 2009 that would have prohibited the "Buy American" provision that was needed for passage of the stimulus.
Views: 5 ViralMedia24
Overwhelming Support for "Buy American"
 
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Americans overwhelmingly support federal requirements for American-made materials in all federally funded infrastructure investment in the 2009 economic recovery bill, according to a random survey of 1,001 U.S. adults conducted Jan. 29 Feb. 1 by Harris Interactive on behalf of the Alliance for American Manufacturing. The national poll found 84 percent favor Buy American requirements (66 percent strongly, 18 percent somewhat). Only 4 percent strongly oppose the requirement and 7 percent somewhat oppose it. The overwhelming support was consistent regardless of gender, age, income level, education, or region. Buy American is a good deal for taxpayers and workers, said AAM Executive Director Scott Paul. U.S. taxpayers understand the issue at hand. Buy American is longstanding U.S. policy and consistent with our international trade obligations. The Senate should pass economic recovery legislation as soon as possible with Buy American requirements intact and reflect the will of the overwhelming majority of Americans. The question on the economic recovery bill being debated in Congress was conducted by Harris Interactive in a national omnibus survey conducted by phone among adults living in the contiguous United States. The survey polled 1,001 adults 18 years of age or older and is representative of the U.S. adult population. For complete methodology, including weighting variables, please contact David Roscow or Steven Capozzola. Said Scott Paul, We know that Buy American enables us to create 33 percent more manufacturing jobs. That's why we are confident that at the end of the legislative process, the Obama Administration and Congress will agree to strong Buy American provisions.
Stimulus package provision
 
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CNN's Lisa Sylvester reports on a stimulus package provision that makes sure the money benefits U.S. workers and companies.
Views: 16 localworldnews
Is Your iPod Unpatriotic? Why America Shouldn't "Buy American"
 
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Is your iPod unpatriotic? Its 451 parts are made in dozens of nations, and creating the little doodads employs thousands of foreigners. Final assembly is done in China-a country that right-wingers and left-wingers alike fear is an economic threat to the U.S. As the recession worsens, maybe patriotic Americans should be smashing foreign-made iPods in protest. Or at least hiring bikini-clad American women to do the job, which is exactly what Reason.tv did. Our patriotic, sledgehammer-wielding bikini bandits headed to California's Venice Beach to smash some foreign-made iPods to make a political statement about saving American jobs. Maybe the United Steelworkers Union (USW), one of the biggest "Buy American" backers would like to hire these patriotic ladies for their next rally. "Every other nation during this economic downturn is directing their stimulus money inward," thunders USW's Billy Thompson at a rally in West Virginia. "Now if they can do it, why in the hell can't we?" Actually, we are. President Obama's $800 billion stimulus package came equipped with a "Buy American" provision, and more than 500 state and local governments have signed "buy American" resolutions. And that may be just the beginning of the protectionist push. Reason.tv went to a Washington, D.C. event where business owners and activists learned how to lobby for more protectionist laws. "If you want to sell it here, build it here," says one participant who referrs to those who ignore the "buy American" imperative as "uneducated, ignorant people." And shouldn't we be patriotic purchasers? That's what car ads, draped with Old Glory and heartland visuals, suggest. What could be more patriotic than buying a Jeep Patriot? With American automakers hurting so badly, that's got to help America. "That's nonsense," says George Mason University economist-and Cafe Hayek blogger-Donald Boudreaux. "The Jeep Patriot, despite it's name is actually less American than some Toyota products. It's literally impossible-at least in any practical sense-to buy American.'" Boudreaux argues that Americans should buy whatever products they choose; neither guilt nor laws should push them to buy American. "The thing that is most distinctively American is freedom. To insist that Americans should not be free to buy good from foreigners that's very anti-American." And what about your iPod? Even though plenty of foreigners have jobs thanks to it, so do 14,000 Americans whose duties include designing and marketing the little buggers. So the iPod is a product of America and the world, and these days that describes nearly all the items we buy. Welcome to the iPod economy, where just about everything is made everywhere. After hearing the whole story, Reason.tv's bikini bandits decided to put down their protectionist sledgehammers. Will America's people, pundits, and politicians follow suit? "Is Your iPod Unpatriotic?" is written and produced by Ted Balaker and hosted by Nick Gillespie. Field producer is Hawk Jensen and director of photography is Alex Manning. Associate Producers are Meredith Bragg, Paul Detrick, and Dan Hayes, with additional photography provided by Nathan Chaffetz and Dan Haas. And introducing reason.tv's Bikini Bandits: Alexandra Fulton, Chuki Lord, and Amber Waddick. For iPod, HD, and audio versions, go to http://reason.tv/video/show/834.html
Views: 38339 ReasonTV
Buy American: Creating or Costing U.S. Jobs?
 
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The program explored the effectiveness of the controversial Buy American provision included in the Obama administration's stimulus package. The provision states that only U.S. iron, steel, and manufactured goods may be used in construction projects funded by the stimulus bill. The clause has prompted considerable concern in Canada that such measures will disrupt cross-border trade with its largest trading partner, and could be a sign that the United States was leaning toward protectionism to help its ailing economy. Speakers: Dawn Champney Bob Baugh Christopher Whatley Jeffrey Schott
Obama On "Buy American"
 
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Pres. Obama defended the "Buy American" clause in the stimulus package, saying it has not endangered trade between the U.S. and Canada
Views: 2692 CBS
The Recovery Act  Year One
 
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President Obama and Vice President Biden mark the one year anniversary of the American Recovery and Reinvestment Act, legislation that is working to cushion the greatest economic crisis since the Great Depression and lay a new foundation for economic growth.
Views: 6083 The Obama White House
"Buy American" weakened, Daschle out, taxes plague Obama's team, hypocrisy reigns, Geithner has plan
 
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The Stench of Truth (107) The "buy American" provision in the stimulus bill has been weakened on claims that it violates "free trade". Screw "free trade", it's part of the reason this country is in such dire straights. We make nothing here anymore. Hold up in Senate over stimulus bill blamed on Republicans, it's all bull. Taxes plague Obama's team. Daschle is out, Killefer dropped out and now Solis' husband's tax problems have caused a delay in her appointment to Labor Secretary. I guess Obama's "change" is from neo-con war mongers to tax cheats and scamsters. Geithner to announce financial rescue plan on February 9. It will be more of the same, the rich get richer and the rest get stepped on.
Views: 810 Ted Torbich
Manzullo Discusses Buy American Provision on Lou Dobbs' Tonight on CNN
 
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Congressmen Don Manzullo discusses the amendment to the stimulus bill that would require government officials to spend American taxpayer dollars on products built by Americans when possible.
Views: 254 donmanzullo
Scott Paul speaks at AFL-CIO Conference on Buy America Provisions and Infrastructure Investment
 
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AAM Executive Director Scott Paul spoke at the Indiana AFL-CIO State conference in Indianapolis , Indiana on Monday, December 7, 2009 to emphasize the importance of Buy American provisions when using tax dollars for infrastructure investment.
"Buy America" and Stimulus
 
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Bruce Josten and Tom Donohue explain why now is not the time to start a trade war.
Senate Squabbles over Stimulus
 
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Senate Republicans showed no signs of supporting the economic stimulus bill Wednesday, offering several amendments to the package, while Democrats are confident they will pass a bill soon.
Views: 115 The Hill
Cravaack Explains 'Buy America' Steel Amendment With Robert Traynham
 
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U.S. Representative Chip Cravaack (MN-8) secured legislative provisions that will create U.S. jobs, increase U.S. steel production, and ensure that more American steel product is used in federal transportation construction projects. The House Transportation and Infrastructure Committee is producing a long-term reauthorization and reform of federal surface transportation programs, a key component of the American Energy and Infrastructure Jobs Act (H.R. 7). This legislation is the largest transportation reform bill since the creation of the Interstate Highway System. "At a time when other countries give massive subsidies to their steel makers, we should at the very least give our steel producers the first opportunity to supply steel for our transportation projects. We support American-made steel, American jobs, and American industry. Minnesota will not tolerate the importing of Chinese and Brazilian product at the expense of its workers." The Cravaack 'Buy America' amendment closes loopholes which are exploited by countries like China and Brazil. Specifically, the provision prohibits the 'segmentation' of projects, a tactic used to avoid the 'Buy America' preference. Closing these loopholes ensures that 'Buy America' will be followed and that American jobs and industry will be protected. The Cravaack amendment also maximizes project transparency. For instance, it expands the Federal Highway Administration's (FHWA) informal waiver process to other DOT programs with the 'Buy American' preference. Additionally, the amendment requires that the Secretary publish a detailed written justification as to why the waiver is needed for public consumption within 30 days. This web-based process streamlines the 'Buy America' waivers and allows for maximum transparency. After the Transportation Committee agreed to the Cravaack amendment, subsequent attempts to gut two-thirds of existing 'Buy America' requirements and kill the jobs of 3900 people directly employed by iron ore operations in Minnesota's Eighth District were defeated.
Views: 305 RepChipCravaack
The REAL Reason This CORRUPT Senator Flip-Flopped On Trump's Tax Cut Bill
 
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David Sirota (TYT Contributor) broke an amazing story about Senator Bob Corker recently, turns out the American people are about to get swindled. Cenk Uygur of The Young Turks, breaks it down. Tell us what you think in the comment section below. Watch David's report here: https://youtu.be/sq1NKSoWI_Y Read more here: http://www.ibtimes.com/political-capital/paul-ryan-top-republican-lawmakers-could-reap-personal-windfall-new-real-estate "As Congress races to finalize a landmark $1.4 trillion tax bill, key Republicans legislators directly overseeing the initiative could reap a personal windfall from provisions designed to reduce levies on so-called “pass-through” income, according to federal records reviewed by International Business Times. Those lawmakers — including U.S. House Speaker Paul Ryan — together have tens of millions of dollars invested in scores of real-estate related pass-through corporations and partnerships, collectively earning them millions of dollars of annual income that could be partially exempted from taxes, depending on how the final legislation is structured. IBT reviewed the most recent personal financial disclosure records of 44 Republican lawmakers in the House and Senate leadership, as well as on the chambers’ committees that have overseen the tax bill. In all, 13 of those lawmakers have between $36 million and $163 million worth of ownership stakes in 40 real-estate or property-related partnerships, corporations and investment trusts. In 2016, those 13 legislators earned between $2.6 million and $16 million of annual income from those investments. Those kind of “pass-through” earnings — which experts say disproportionately flow to high-income households — could get new exemptions under the legislation that Congress is now finalizing. The original House and Senate bills both aimed to reduce levies on income generated by partnerships that pass their income through to their investors. Both bills, though, included some limits on the tax breaks for pass-through income -- and the final legislation now being worked out in Washington could still eliminate, reduce or cap those tax cuts. Congressional negotiators are reportedly close to agreeing to a 20 percent deduction for pass-through income, with Republicans arguing the deductions would help small businesses."* Hosts: Cenk Uygur Cast: Cenk Uygur *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. https://goo.gl/tJpj1m Subscribe to The Young Turks on YouTube: https://goo.gl/a3JY9i Like The Young Turks on Facebook: https://goo.gl/txrhrh Follow The Young Turks on Twitter: https://goo.gl/w6ahdV Buy TYT Merch: https://goo.gl/KVysaM Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at https://goo.gl/v8E64M. Your membership supports the day to day operations and is vital for our continued success and growth. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Views: 123254 The Young Turks
Senate Debating Amendments to Stimulus Bill
 
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From Fox News' Special Report
Views: 217 stixflix2008
🏡⬇ Housing Bubble and the Great Recession
 
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The Great Recession was initiated by bursting of the housing bubble. But why there was a housing bubble in the first place? Learn Austrian Economics in a fun way! LINKS SUPPORT our project: http://bit.ly/2fgJR9e Visit our website: http://econclips.com/ Like our Facebook page: http://bit.ly/1XoU4QV Subscribe to our YouTube channel: http://bit.ly/1PrEhxG ★★★★★★★★★★★★★★★★★★★★★★★★★★ Music on CC license: Artifact – The Dark Contenent Kevin MacLeod: Artifact – The Dark Contenent – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100324 Wykonawca: http://incompetech.com/ Kevin MacLeod: Brittle Rille - Reunited – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200047 Wykonawca: http://incompetech.com/ Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/...) Źródło: http://incompetech.com/music/royalty-... Wykonawca: http://incompetech.com/ ★★★★★★★★★★★★★★★★★★★★★★★★★★ Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!
Views: 53224 EconClips
Obama's Stimulus Package: For one race only?
 
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Today is the one year anniversary of the signing of the Obama Administration's massive stimulus bill. Obama praised the bill , however the bill seems to have neglected one segment of American society. Employment among African-Americans is 80% higher than among whites.
Views: 2735 RT
We Need A Trade Strategy
 
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Thom talks to Robert Baugh, the Executive Director of Industrial Union Council of the AFL-CIO about US trade policy and the need to mandate that the economic stimulus being considered by Congress has Made In America provisions that will keep jobs in the US. Check out www.airamerica.com! Check out http://www.aflcio.org too!
Jan 30, 2009: US trade provisions
 
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Dr. Bontis discusses the US Buy American provision, its impact the Canadian economy, and CAW negotiations with Ford, Chrysler, and GM. CH TV News at Noon http://www.NickBontis.com http://www.facebook.com/NickBontis http://www.twitter.com/NickBontis .
Views: 12 NickBontisMedia
NYS Buy American Bill
 
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New York State Senator William Stachowski (D 58th) and State Assemblyman Mark Schroeder announced today that they have introduced legislation in the Senate and Assembly respectively to insure that federal stimulus funds be used on American made products and services. The announcement was made at the United Steel Workers headquarters at 305 Cayuga Drive in Cheektowaga New York.
Obama and Free Trade: Q&A With Jagdish Bhagwati
 
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Free trade is never more necessary - or vulnerable - than in times of economic distress. The current global downturn is no exception. Protectionist barriers have shot up all over the world, including the United States. Last year, Congress killed a pilot program allowing Mexican trucks to transport goods across America and included Buy America provisions in the stimulus bill banning foreign steel and iron from infrastructure projects funded by the legislation. More disturbingly, President Barack Obama, after chiding Congress for flirting with protectionism, initiated his own ill-advised affair by imposing a 35 percent tariff on cheap Chinese tires. If the world manages to avoid an all-out trade war of the kind that helped trigger the Great Depression after the U.S. imposed the Smoot-Hawley tariffs in 1930, it will be in no small part due to the efforts of one man: Jagdish N. Bhagwati, an ebullient and irreverent 76-year-old professor of economics at Columbia University. Bhagwati has done more than perhaps any other person alive to advance the cause of unfettered global trade. A native of India, Bhagwati immigrated to the United States in the late 60s after a brief stint on the Indian Planning Commission, where he learned first-hand the insanity of an economic approach that tried to modernize a country by cutting it off from world trade. Since then, he has devoted his efforts, both in academia and in the popular press, to showing that there is no better way of improving the lot of both advanced countries and the developing world than through free trade. His path-breaking contributions to trade theory have put him on the short list for a Nobel Prize in economics. Though a dogged trade advocate, Bhagwati is anything but dogmatic. He is a free spirit who draws intellectual inspiration from many disparate ideological camps. A self-avowed liberal, he is also something of a Gandhian social progressive, though Gandhi himself supported economic autarky. Bhagwati works with numerous Third World NGOs on a host of human rights issues. Yet he has no problem taking on these groups - or his famous student, Nobel laureate Paul Krugman - when they question the benefits of trade. In fact, he devoted his 2004 magnum opus, In Defense of Globalization, to a point-by-point rebuttal of these critics. Although he doesnt vote Republican because he dislikes the partys nationalistic jingoism, he readily declares that Democrats pose a far bigger threat to international exchange than Republicans. Last summer, Shikha Dalmia, a senior analyst at the Reason Foundation, interviewed Bhagwati in his New York office. For a transcript of that interview, go to http://reason.com. This video interview was filmed on the same day and conducted by Dalmia, Reason Associate Editor Damon W. Root, and Reason.tv's Dan Hayes, who shot and edited the video. Approximately 6 minutes. Go to Reason.tv for downloadabe iPod, HD, and audio versions. And subscribe to Reason.tv's YouTube channel and receive automatic notifications when new material goes live.
Views: 8493 ReasonTV
USSA  United Socialist States of America  February, 2009
 
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To view all the USSA videos in the series, just type in the search field: ussa-pb The plan is to post one video at the end of each month while President Obama is in The White House, and them dar Democrats control both houses of Congress (the Senate and House of Representatives). The United Socialist States of America emerged after the election of November, 2008, form the ashes of the United States of America (USA). The February accomplishments of President Obama and them dar Democrats: President Obama broke his "no lobbyist" rule when he appointed lobbyist William J. Lynn III as #2 official at the Defense Dept, he recently lobbied for a military contractor. Lobbyist William Corr appointed deputy sec at Health, who lobbied last year as an anti-tobacco advocate. Obama placed a $500,000 limit on executive pay on companies receiving government bailout money. This is incrementalism. Appointed Cass Sunstein as head of Office of Information & Regulatory Affairs OIRA. In 2002 he wrote a paper while at the University of Chicago Law School, advocating legal rights for livestock, wildlife, and pets. Nancy Pelosi says if Stimulus does not pass, 500 million jobs will be lost monthly in the USA (USA population: 300 million). Obama & Democrats in recent election said the deficit was too large. Today President Obama said it was urgent to pass the Stimulus Package which will increase the deficit by near a trillion dollars. Obama drops charges Abd al-Rahim al-Nashiri mastermind of the bombing of the USS Cole (19 U.S. serviceperson were murdered). Obama's 1st press conference references a negative towards the Bush administration twice, while during 8 years of Bush that never happened. Plus made same reference a few days later. Never once did President Bush do the same. Obama said his administration inherited the debit, yet signed legislation increasing the debit by 1 trillion dollars. Pelosi & Reed shut Republicans out from the Stimulus conference - bipartisanship. Stimulus Package will reduce Fed taxes by $13 a week later reduced to $8, while giving billions to their political buddies. Census Bureau being taken over by The White House. Objection to school building in Stimulus was removed but added back hidden in the section giving money to help states with their deficits. China buys our worthless treasury notes, and we repay them with a "buy American" clause in the Stimulus Package. China was not excluded from that provision while other nations were. Lobbyist got the whole Stimulus Package before any member of Congress received it. Stimulus has in it a clause to reward states for increasing non-work welfare. Stimulus pays for a train from Disneyland to Las Vegas. Stimulus passes and no one Congressmen as read it Stimulus - 230 million for NOAA part used for habitat restoration of a mouse in a San Francisco marsh. Obama returned the bust of Churchill back to the British embassy in Washington. Market down 2000 points since election, yet they supported Obama. NYC 8 million people only 40,000 pay 50% of the taxes Stimulus rewards bad behavior and poor decision while punishing and not rewarding the achievers. Stimulus should have been income and corporate tax reduction, not giving money to bad decision makers in big business, state and local governments. Stimulus does away with welfare reform by require states who accept Stimulus money to show an increase in their welfare rolls. Putin of Russia warned the USA not to embrace socialism as it failed in Russia. Attorney General Eric Holder said America is a nation of cowards. Transportation Sectary Ray LaHood wants to tax motorist based on miles driven. Obama Biden never ran anything now trying to run nation & economy. Obama said he inherited a debit when he and his democrats approved it and just recently doubled it with the Stimulus. Obama said will end ear-marks AFTER the Stimulus passed which was nothing but ear-marks Obama wants to send $900 million to Gaza. D-Barney Frank wants to cut defense spending by 25% Congress voted for Stimulus worth close to 1 trillion dollars without reading it. Bush budget 2.7 trillion, Obama budget3.6 billion . Stimulus has 8,570 earmarks.
Views: 3080 Tony Marano
Mexico Summit Obama Urges NAFTA to Expand Trade
 
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U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism. [Barack Obama, U.S. President]: "We reaffirmed the need to reject protectionism. We recommitted ourselves to the infrastructure investments, the common sense regulations and intellectual property on which trade thrives." Canada is the United States' largest trading partner and Mexico its third largest. The three nations make up the North American Free Trade Agreement known as NAFTA. Canada and Mexico have expressed concerns about what they see as a tilt toward protectionism as Washington seeks to overcome the recession.  Mexico has raised concerns that Mexican trucks are not being allowed into the United States, despite a provision of the NAFTA allowing their entry. Canada, which sends 75 percent of its exports to the United States, has decried the so-called Buy American provisions in the recently passed $800 billion U.S. stimulus package. Obama said those provisions need to be put in perspective.   [Barack Obama, U.S. President]: "This is in no way has endangered the billions of dollars of trade taking place between our two countries. It is not a general provision, it was restricted to a very particular aspect of our recovery package." The three leaders also agreed to work together to combat the H1N1 virus outbreak, which originated this year in Mexico.
Views: 610 NTDTV
Obama's Jobs Plan: Infrastructure
 
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90 Second Summaries: Season 2, Episode 26 Rebuild America Jobs Act Will be introduced week of 10/31/11 Sponsor: Sen. Harry Reid (D-NV) More at http://bit.ly/S02E26 Cosponsors: None Status: Will likely be inserted in place of a dead House-passed bill or other legislation on the Senate calendar. Will be brought to the Senate floor this week, but is exceedingly unlikely to garner the 60 votes needed to break a filibuster on a motion to proceed to debate. House Companion: No direct counterpart. Purpose: In early September, Obama announced the American Jobs Act in a major speech to a joint session of Congress. Republicans initially sounded open to possible negotiations, but soon hardened their stance in opposition. While dead on arrival in the House, the American Jobs Act was considered in the Senate, but a motion to proceed to debate was blocked on October 11th. On the heels of that defeat, Majority Leader Reid vowed to bring up each section of the bill as a stand alone measure. The Rebuild America Jobs Act, focused on popular and sorely needed infrastructure investments, is the second such measure to be considered. Summary: The $60 billion Rebuild America Jobs Act closely mirrors the infrastructure section of the original American Jobs Act, . It contains three major components: 1) Infrastructure Bank. Cost: $10 billion • Creation of a National Infrastructure Bank, modeled on the Kerry-Hutchison BUILD Act. The measure creates the American Infrastructure Financing Authority (AIFA), an independent government-owned corporation. AIFA could leverage up to $640 billion in combined public and private infrastructure spending over the next decade. 2) Direct Infrastructure Spending. Cost: $50 billion • This direct government investment using traditional means includes: highways, passenger and freight rail, and port infrastructure projects through the Highway Trust Fund ($27B), transit system repairs ($9B), Amtrak ($2B), high-speed rail ($4B), airport improvements ($2B), NextGen air traffic modernization technology ($1B), and innovative multimodal transportation programs awarded through a competitive grant process ($5B). 3) Millionaire's Tax to Pay for the Investments. Revenue: ~$60 billion • Imposes a 0.7% surtax on taxable income over $1 million for both single and joint filers, taking effect in 2013. Note: Reid's choice to pay for this legislation with a tax source considered unacceptable by Republicans reflects the reality that virtually nothing proposed by Democrats has a chance of passing through this Congress, even though many Republicans have supported very similar infrastructure proposals in the past. Thus, the appearance of this bill is driven primarily by political considerations, part of an ongoing effort to frame Republicans as nihilistic obstructionists. CBO Score: None provided. CBO did score the American Jobs Act (both S.1549 and S. 1660): http://cboblog.cbo.gov/?p=2875 Supporters: President Obama, most Democrats, AFL-CIO, U.S. Chamber of Commerce, infrastructure advocates, etc. • Supporters see this as a win-win proposal, one that would help close the $2.2 trillion "infrastructure gap" and simultaneously create tens of thousands of jobs. Opponents: most Republicans, Tea Party activists • Some opponents believe only the private sector, not government, can create jobs, and the best way to turn the economy around is to shrink the government. Furthermore, they staunchly oppose the taxes increases on the rich proposed as offsets. Some, however, simply see continued economic troubles as a boon for Republicans in 2012. Further links Full bill text (from the American Jobs Act): http://bit.ly/sEOWUs (Secs. 241-260) Senate Dems fact sheet on the bill: http://democrats.senate.gov/2011/10/21/fact-sheet-rebuild-america-jobs-act/ Main Street Insider's summary of the full American Jobs Act: http://www.mainstreetinsider.org/90secondsummaries/?p=489 Bloomberg article: http://www.bloomberg.com/news/2011-10-21/senate-democrats-propose-60-billion-in-infrastructure-spending.html Sen. Kerry info on the BUILD Act: http://kerry.senate.gov/work/issues/issue/?id=f0a4612d-382a-46fb-9d31-73e949167108
Views: 1344 MainStreetInsider
U.S. Tax Reform: Where Are We Now?
 
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As a sweeping overhaul of the U.S. tax code goes into effect, experts with different points of view discuss its implications and ways of redesigning our current system to benefit all. Panelists include Paul Krugman, Nobel laureate, New York Times columnist, and distinguished professor of economics at The Graduate Center; Lily Batchelder, NYU law professor and former deputy director of President Obama’s National Economic Council; Leonard Burman, co-founder of the Urban-Brookings Tax Policy Center and professor at Syracuse University; Laurence Kotlikoff, professor at Boston University and co-author of Get What’s Yours, on social security benefits; and Kathleen Hays, global economics and policy editor at Bloomberg (moderator). Introduced by Janet Gornick, GC professor of political science and sociology and director of the Stone Center. Presented on February 28, 2018, by GC Public Programs and the Stone Center on Socio-Economic Inequality. For more information about our events, visit: http://www.gc.cuny.edu/publicprograms
Fed Buys Bonds (To Help The Rich?)
 
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Cenk Uygur (host of The Young Turks) on MSNBC Live speaks with author William Cohen and economics editor and columnist Daniel Gross about the Fed buying $600 billion in U.S. bonds. Support The Young Turks by Subscribing http://www.youtube.com/user/theyoungturks Like Us on Facebook: http://www.facebook.com/tytnation Follow Us on Twitter: http://www.twitter.com/theyoungturks Support TYT for FREE by doing your Amazon shopping through this link (bookmark it!) http://www.amazon.com/?tag=theyoungturks-20 Support The Young Turks by becoming a member of TYT Nation at http://www.tytnetwork.com/member-options/ Your membership supports the day to day operations and is vital for our continued success and growth. In exchange, we provided members only bonuses! We tape a special Post Game show Mon-Thurs and you get access to the entire live show at your convenience in video, audio and podcast formats.
Views: 6334 TYT Interviews
Can The Government Take My Property
 
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Eminent domain law gives a city, state or the federal government the right to take your house, or other real estate, for a public purpose. It doesn't matter if you don't want to sell.....the government can take your land in order to build a school, a road, a freeway, public housing, parks, or for other approved social and public interests. To learn more about if the government take your property visit http://www.lawinfo.com/civil-rights.html
Views: 332 lawinfo
On Accountability
 
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Senator Dorgan has introduced two amendments to the economic recovery package. The first would require full public disclosure of bonuses paid to recipients of federal bailout funds, while the second would allow us to better track the number of jobs created and saved from the economic recovery plan.
Views: 296 SenatorDorgan
Congressman Manzullo Appears on The Rachel Maddow Show to Discuss Stimulus Bill
 
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Congressman Manzullo appears on The Rachel Maddow Show to discuss stimulus bill.
Views: 356 donmanzullo
🔴   Ep. 269: Lessons From Vegas Don't Stay in Vegas
 
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The Peter Schiff Show Podcast - Episode 269 Open your Goldmoney account today: https://www.Goldmoney.com Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff Summary: My recent trip to Las Vegas for The Freedom Fest provided some interesting lessons. My observations that we are paying more for less were illustrated by the theft of my luggage, as there are no more luggage security checkers in baggage claim exits. Also, for the first time, major Las Vegas hotels are charging from $15 – $18 for parking. This is causing hotel valet workers to lose money, as customers are less likely to leave a generous tip (or any tip) if they are already paying quite a bit to park. So the Las Vegas experience is changing; we’re getting less for more money. Prices are going up and wages are going down. Taking Credit for Phony Statistics This is the real U.S. economy. Forget about all these phony U.S. statistics. The real world reflects the truth about the economy and why Donald Trump is President. I wish candidate Trump would come back; I would rather see the President questioning phony government statistics instead of embracing them. I’d like to see the President talking about the stock market being a bubble rather than a bull market and claiming credit for the increase. Weakness in U.S. Dollar The big story is the continued weakness in the U.S. dollar, in fact this morning the dollar index hit a new low for the year. It’s now back in positive territory as I am recording this podcast, but the low this morning was 93.64 on the dollar index. Remember, the dollar index rose about 6% between the election of Donald Trump and the Inauguration, and the reason for the rally was the optimism for economic growth as a result of tax cuts, de-regulation, fiscal stimulus and a tighter Fed. Senate Backing Away From Repeal At the time, I argued that that was nonsense, and so far I am being vindicated. We’re six months into the Trump Presidency and nothing has happened. They haven’t even been able to repeal Obamacare, nor are they going to. The Senate already backed away from the version that I said would not work. Trump did a press conference yesterday talking about Obamacare, assuring everybody that pre-existing ban is going to stay. The very essence of Obamacare is that insurance companies can’t charge sick people more for insurance than they charge healthy people. That’s the essence of Obamacare that doesn’t work and that’s what Donald Trump and many Republicans want to preserve. Preserving the Essence of Obamacare Of course, in order to achieve that goal, they had to have employer mandates and penalties. These are the only things the Republicans want to get rid of. But they want to preserve the very essence of Obamacare and that’s the mandates and penalties were designed to deliver. So now they have to come up with another way to deliver the promise of Obamacare. Currency Markets Get the Message The point is, the currency markets have figured this out. The dollar has dumped better than 10% since the Inauguration, but the stock market has made new highs. The Dow Jones is at a new high today; the NASDAQ hit a new high yesterday, so it’s a disconnect. The initial rally in the stock market happened for the same reason the dollar rallied. The currency traders have connected the dots. What’s the problem with the stock traders? Why are they oblivious? Dollar Weakness Spark Commodities The weakness in the dollar is also sparking a rally in multinationals, in commodities. Look at the move today in Freeport-McMoRan a major copper producer; that stock is up better than 13%. Oil prices are coming back up; oil is up better than a dollar today. Emerging markets are strong. Bullish Conditions for Emerging Markets I have been saying that a weak dollar is extremely bullish for commodities. Why? Commodities are priced in dollars and as commodity prices go down, demand goes up. This is very bullish for emerging markets because a) they export commodities and b) emerging markets have a lot of dollar-denominated debt. Every time the dollar goes down the debt is cheaper to service. Bull Market Based on Weak Dollar Not Sustainable So the U.S. stock market is getting caught up in the rise in global stocks in general and again the idea that a weak dollar is now good for corporate earnings. Initially it was going to be tax cuts and corporate earnings, now it is a weak dollar. But a bull market based on a weak dollar in the U.S. is not sustainable. And, of course, a weak dollar is very negative for the U.S. economy. It means that prices are going up for American consumers and eventually it means interest rates are going up for American borrowers.
Views: 25278 Peter Schiff
Sen. Conrad: "Social Security is Permanently Cash Negative Now".
 
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View full meeting here: http://www.c-spanvideo.org/program/EconomicandBudge FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law. Peter Schiff David Walker economy mortgage banker speech conomic collapse crash gold silver oil bubble doom inflation depression recession rogers faber ron paul ben bernanke euro dollar FDIC NYSE nasdaq currency crisis stagflation commodities hyperinflation goldman sachs fannie freddie real estate housing tim federal reserve qe quantitative easing stimulus keynesian austrian mises
Views: 625 myebay4u
Congressman Kingston on Lou Dobbs Tonight
 
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Congressman Jack Kingston appeared on Lou Dobbs tonight to discuss Democrats' failure to provide protection to American workers in the economic "stimulus" package. When the final package was unveiled in the dark of the night, Democrats stripped a provision added by Congressman Kingston which would've ensured that anyone employed as a result of the is a legal American worker.
Views: 246 JackKingston
VICE Special Report: A House Divided
 
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'VICE Special Report: A House Divided' is nominated in the 2017 Primetime Emmy Awards for "Outstanding Documentary or Nonfiction Special." See below for links to watch more of this year's nominees from VICE. With exclusive access to the President, his inner circle and key opponents, VICE founder Shane Smith examines the rise of the Tea Party, the faltering of key deals, and how growing extremism has left America more divided than ever. Watch more 2017 Primetime Emmy Nominees from VICE: 'GAYCATION' with Ellen Page and Ian Daniel is nominated for "Outstanding Unstructured Reality Program" - http://bit.ly/2cGHOvl 'VICELAND At The Women’s March' is nominated for "Outstanding Short Form Nonfiction or Reality Series" - http://bit.ly/2wJ1Vyp VICE’s "Assad’s Syria and Cost of Climate Change" is nominated for "Outstanding Picture Editing for A Nonfiction Program" - http://bit.ly/2w7CFnG  Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE Check out our full video catalog: http://bit.ly/VICE-Videos Videos, daily editorial and more: http://vice.com More videos from the VICE network: https://www.fb.com/vicevideo Like VICE on Facebook: http://fb.com/vice Follow VICE on Twitter: http://twitter.com/vice Read our Tumblr: http://vicemag.tumblr.com Follow us on Instagram: http://instagram.com/vice Check out our Pinterest: https://pinterest.com/vicemag Download VICE on iOS: http://apple.co/28Vgmqz Download VICE on Android: http://bit.ly/28S8Et0
Views: 1324302 VICE
STL American Dream | An Effective Stimulus Package: The Criteria | Bill Emmons
 
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In February 2009 we sat down with Assistant Vice President and Economist Bill Emmons of the Federal Reserve Bank of St. Louis to talk about his opinion of the stimulus package. In this video, Dr. Emmons explains the three criteria for an effective stimulus package—timely, targeted, and temporary—and evaluates the stimulus package based on these criteria.
Views: 24 STLAmericanDream
GOP tax plan: What Americans will notice first
 
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Tax Foundation President Scott Hodge, Independent Women’s Forum senior fellow Patrice Lee Onwuka and Manhattan Institute senior fellow Brian Riedl on how the GOP tax reform plan works in favor of every day working Americans.
Views: 2298 Fox Business
Fox News All Stars Stimulus Package changes 02-04-09
 
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Fox News All Stars Stimulus Package changes 02-04-09
Views: 289 noquarterusa
President Obama Takes Questions at GOP House Issues Conference
 
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The President takes questions from Republican members of the House of Representatives at the GOP House Issues Conference in Baltimore, MD. January 29, 2010.
Views: 259582 The Obama White House
Jesse Ventura | Talks at Google
 
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Jesse Ventura visited Google's Santa Monica office on April 13, 2011 to discuss his new bestseller: "63 Documents the Government Doesn't Want You to Read."
Views: 105087 Talks at Google
President Obama responds to President Obama's Job Plan - iOTWReport.com exclusive @Mr_Pinko
 
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President Obama responds to President Obama's jobs plan. Freedomworks Taxpayer March on Washington D.C. 9 12 09 - September 12 2009. The Taxpayer March on Washington (also known as the 9/12 Tea Party) was a Tea Party protest march from Freedom Plaza to the United States Capitol that was held on September 12, 2009, in Washington, D.C. The event coincided with other similar protests organized in various cities across the nation. The protesters rallied against what they consider big government, the dismantling of free market capitalism, abortion, and President Barack Obama's proposals on health care reform, taxation, and federal spending, among other issues. Organizers of the event included the 9-12 Project, FreedomWorks, the National Taxpayers Union, The Heartland Institute, Americans for Tax Reform, Tea Party Patriots, and ResistNet. The event was also promoted by Fox News commentator Glenn Beck as a symbol of what he called "national unity" following the eight-year anniversary of the September 11 attacks. The march is the largest gathering of fiscal conservatives ever held in Washington, D.C., as well as the largest demonstration against President Obama's administration to date. Though many of the signs were close to the original Tea Party message of "Taxed Enough Already," such as "Stop Obama's Spending Spree," some of the handwritten signs carried by protesters included statements such as "Liar Liar Pants on Fire!" and "Hey Obamacare! Hands off my body". Other signs promoted Obama citizenship conspiracy theories, depicted the Obama "Joker" image, and compared Obama to Adolf Hitler. One protester commented that many signs were "expressing concerns about the tax burdens to be carried by "our grandchildren" and other signs he didn't feel were appropriate to repeat". Gene Healy, author and vice president at the libertarian Cato Institute, expressed the opinion that the signs generally focused on opposition to government bailouts, Obama's proposal on health care reform, and the appointment of presidential "czars". Among the speakers at the rally were former House Majority Leader Dick Armey, chairman of FreedomWorks, and a small number of congressional Republicans including Representative Mike Pence, chairman of the House Republican Conference, Representative Tom Price of Georgia, Senator Jim DeMint of South Carolina, and Representative Marsha Blackburn of Tennessee. Pence said that "Americans want health care reform, but they don't want government takeover". On February 17, 2009, Obama signed the American Recovery and Reinvestment Act of 2009, a $787 billion economic stimulus package aimed at helping the economy recover from the deepening worldwide recession. The act includes increased federal spending for health care, infrastructure, education, various tax breaks and incentives, and direct assistance to individuals, which is being distributed over the course of several years. President Barack Obama signs the ARRA into law on February 17, 2009 in Denver, Colorado. Vice President Joe Biden stands behind him. In March, Obama's Treasury Secretary, Timothy Geithner, took further steps to manage the financial crisis, including introducing the Public-Private Investment Program for Legacy Assets, which contains provisions for buying up to $2 trillion in depreciated real estate assets. Obama intervened in the troubled automotive industry in March 2009, renewing loans for General Motors and Chrysler to continue operations while reorganizing. Over the following months the White House set terms for both firms' bankruptcies, including the sale of Chrysler to Italian automaker Fiat and a reorganization of GM giving the U.S. government a temporary 60% equity stake in the company, with the Canadian government shouldering a 12% stake. In June 2009, dissatisfied with the pace of economic stimulus, Obama called on his cabinet to accelerate the investment. He signed into law the Car Allowance Rebate System, known colloquially as "Cash for Clunkers", that had mixed results. The Congressional Budget Office and a broad range of economists credit Obama's stimulus plan for economic growth. The CBO released a report stating that the stimulus bill increased employment by 1--2.1 million while conceding that "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package."Although an April 2010 survey of members of the National Association for Business Economics showed an increase in job creation (over a similar January survey) for the first time in two years, 73% of the 68 respondents believed that the stimulus bill has had no impact on employment.
Views: 2009 BestPoliticalVideos