Could Ahmadinejad Stop Health Care Reform?

If you’re new here, you may want to subscribe to my RSS feed or subscribe via email. Thanks for reading!As you may have witnessed, there have been a fair amount of comparisons of the current financial crisis with the Great Depression.  Recently, I attended a presentation on this topic by the well known American historian [...]

Will the Stimulus Package Produce Only Low-Wage Jobs?

One of my readers emailed this excellent question in response to two of my previous posts, “Abraham Lincoln’s Economic Stimulus Package” and “When Deficit Spending Worked Wonders.”  Let me begin with Lincoln and the Transcontinental Railroad, which produced a sizable number of construction jobs that paid reasonably well and a strong  multiplier effect.
The problem was [...]

When Deficit Spending Worked Wonders

One of the issues that has been debated regarding the pending Stimulus Plan has been concern over how much the proposed spending would add to an already enlarged federal deficit. This is a legitimate concern especially considering that President Bush and his advisors took what was a surplus federal budget and turned it into a [...]