Fiscal Conservatism
February 16, 2009 10:25 pm

"I find it amazing that the Republicans who doubled the debt of the country in eight years and produced no new jobs doing it, gave us an economic record that was totally bereft of any productive result are now criticizing him for spending money. You know, I’m a fiscal conservative, I balanced the budget, I ran surpluses."

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Who's Keeping Burger King Workers Below the Poverty Line? - Goldman Sachs
February 17, 2009 6:06 pm

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Recovery.gov detailing how the stimulus dollars will be spent.
February 17, 2009 9:28 pm

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The Biggest Tax Cutter
February 17, 2009 9:33 pm

Marc Ambinder

Don't know if anybody has yet noticed in the Republican Party but President Obama was presented last week a major talking point for 2012.

He'll sign today one of the largest tax cuts in history.

In spite of the White House pointing this out to journalists, it is funny how little remarked-upon this is.

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Four Bears Update
February 21, 2009 7:08 pm

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Time Rewrote History With "25 People to Blame for the Financial Crisis"
February 21, 2009 9:53 pm

David Fiderer

....Time's Conspicuous Omission: Republican Tax Cuts.

In terms of living beyond our means, consider this. In 2000 Federal revenues (excluding social security) were $1.54 trillion versus $1.46 trillion in outlays.

In 2003, long past a recession that ended in November 2001, Federal revenues were $1.26 trillion (an 18% decline) versus outlays that were $1.8 trillion. Revenues had declined three years for three years in a row, something unprecedented since the Great Depression.

And this was before we started tallying the cost of the Iraq war.....

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Through Obscure Non-Profit, Stanford Wooed Lawmakers
February 22, 2009 7:03 pm

TPMMuckraker

......What was Stanford talking to lawmakers about? An IAEC press release from (via Nexis) from the event gives a hint. It says that in his speech, Stanford "addressed the need to streamline regulatory regimes that make it difficult for investors to take advantage of all of the opportunities that exist in the region."

And that same year, Newsday reported (via Nexis) on an IAEC-sponsored trip to Jamaica that included Democratic congressman Gregory Meeks. The IAEC, said the paper, hoped to "ease Patriot Act restrictions on offshore banking," and that according to Meeks, "the trip was an effort by the Inter-American Economic Council to explain the hardships the act has imposed on Caribbean banks."

In other words, Stanford and the IAEC used these events to try to convince lawmakers not to crack down on tax loopholes that work to benefit offshore banking -- exactly the loopholes that allowed Stanford to operate his alleged multi-billion-dollar scam, free from regulatory scrutiny, for so long .......

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Gibbs vs. Santelli
February 22, 2009 7:29 pm

The administration strikes back:

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