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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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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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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Both Donald Trump and Hillary Clinton want to pile on more and more debt

For those of us who have been thoroughly critical of President Obama’s profligate spending and piling on of debt, intellectual consistency requires that we be concerned about both Donald Trump’s and Hillary Clinton’s plans to pile on even more. Sadly, the Republican candidate is even worse than the Democrat on this: GOP think tank: Trump’s …

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Yes, this has been the worst economic recovery since World War II

From Heather Long, pretty much my favorite writer on CNNMoney: Yes, this is the slowest U.S. recovery since WWII by Heather Long and Tami Luhby | @CNNMoney | October 5, 2016: 7:44 AM ET Donald Trump is fond of saying Americans are living through the worst recovery in modern times. He blames President Obama for …

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Why Federal Reserve policy is failing They don't succeed because they can't succeed

We said yesterday that it’s better if the government quits trying to ‘direct’ the economy. Today, from The Wall Street Journal: Central Bank Tools Are Losing Their Edge Central banks have shown the will to hit their growth and inflation targets. But do they have the way? By Greg Ip | September 21, 2016 7:52 …

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