Fed sees little need for future “stimulus” spending For once, I agree with Janet Yellen!

From The Wall Street Journal: Fed Officials See Less Need for Tax and Spending to Boost Short-Term Growth Shift in thinking comes as economy improves, jobless rate declines By Shayndi Raice | January 16, 2017 8:00 a.m. ET Federal Reserve officials increasingly say they don’t see a need for stimulative government tax and spending programs …

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Yes, deficits matter. They mattered under Bush, they matter under Obama, and they will matter under Trump

From CNNMoney: IMF: Trump stimulus set to boost U.S. growth by Jethro Mullen | January 16, 2017: 9:08 AM ET U.S. economic growth should get a lift from stimulus measures under Donald Trump’s presidency, but it won’t hit the speed he promised anytime soon. That’s according to the International Monetary Fund, which has pushed up …

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Nancy Pelosi and the Big Lie

Pelosi blames Bush for $9 trillion in debt added under Obama By Al Weaver • 1/13/17 12:07 PM House Minority Leader Nancy Pelosi blamed former President George W. Bush and the Republicans on Friday for the more than $9 trillion that has been added to the national debt under President Obama’s watch. Pelosi argued that …

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A good start: Donald Trump puts government contractors on notice concerning cost overruns They'll be watched a lot more closely under the Trump Administration

My favorite CNNMoney reporter has been busy: Donald Trump to CEOs: Look out by Heather Long | @byHeatherLong | December 12, 2016: 12:56 PM ET Be ready for Trump to tweet about your company — and not in a flattering way. Today Lockheed Martin (LMT) is on Trump’s bad list. “The F-35 program and cost …

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The #Trumprally in stocks I do so love it when professional whiner Paul Krugman is proven wrong

Just 21 days ago, Heather Long tweeted: The Dow Jones industrial average is just 77 points away from hitting 19,000 https://t.co/c4M08aZVlG #stocks #bullish — Heather Long (@byHeatherLong) November 16, 2016 And today? BREAKING: Dow hits all-time high of 19,538.49. It's up 1,200 points since Trump was elected. #stocks #Trumprally pic.twitter.com/8OBcFIu9bf — Heather Long (@byHeatherLong) December …

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A brilliant ploy by Donald Trump

Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order! — Donald J. Trump (@realDonaldTrump) December 6, 2016 From CNNMoney: Trump wants to cancel Air Force One order from Boeing by Chris Isidore | December 6, 2016: 9:56 AM ET …

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#NationalDebt : It will be over $20 trillion when Barack Obama leaves office

In the left hand sidebar, The First Street Journal maintains a link to Treasury Department’s listing of the National Debt, to the penny. As of yesterday, the National Debt stood at $19,929,184,161,352.13. On November 29, 2015, a year previously, the National Debt stood at $18,782,451,267,806.04. That means that we’ve added $1.147 trillion to the debt …

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There is no good reason for the Federal Reserve to raise interest rates right now

From The Wall Street Journal: Fed Rate Rise Could Come ‘Relatively Soon’ as Data Point to Stronger Economy Fed Chairwoman Janet Yellen tells Congress the economy is making ‘very good progress’ amid some of the best government data in decades on housing, jobless claims and inflation By Kate Davidson | Updated Nov. 17, 2016 9:57 …

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The brilliant economist who designed the failed 2009 stimulus plan tells us that Donald Trump’s economic plans are going to fail

From The Washington Post: Trump can’t repeal the laws of economics By Lawrence Summers1 | November 14 at 1:00 PM Following a brief market plunge, the president-elect’s speech last Tuesday night was more conciliatory than many expected and emphasized his commitment to infrastructure investment. Investors have, on balance, concluded that the combination of a shift …

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One way to start draining the swamp

From Investor’s Business Daily: Good News: 35% Of Government Workers Might Quit If Trump Wins Editorial | November 1, 2016 A new survey finds that more than a third of federal workers are threatening to quit their jobs should Donald Trump prevail in the presidential election. If only that were true. A survey of federal …

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