Topic: Economic Stimulus

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Mitt Romney's top 5 attacks on President Obama

Mitt Romney has yet to nail down the Republican presidential nomination, but he’s already attacking President Obama. Here's a look at five of Mr. Romney’s charges – and whether they’re true.
What can be done to create jobs? Six leading ideas.

The job market has shown some very welcome signs of improvement lately, but it still has a long way to go before approaching something Americans would call normal. Here’s a look at some of the proposed solutions out there.
In Pictures: Before Occupy Wall Street: American protests
Is Gary Johnson right about shovel-ready jobs? 5 infrastructure challenges.

Republican presidential candidate Gary Johnson scored a rhetorical winner by saying that his neighbor's dogs 'have created more shovel-ready jobs than this current administration.' But the one-liner doesn't settle the debate over infrastructure and the economy.

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Next week's Wisconsin recall: a test drive of themes for Election 2012

Wisconsin recall election between Gov. Scott Walker (R) and Tom Barrett (D) enters its last furious week. It is a proving ground for the themes and players of the national election in November, analysts say.
Decoder Wire
Obama blames Romney for spreading 'cow pie of distortion.' Is he right? (+video)

Mitt Romney had criticized the Obama administration's accumulation of US debt. Big numbers such as America’s debt may seem solid, but they’re not.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Why China's economy may be heading for a hard landing

Business confidence has sunk for the third quarter in a row as a growing number of indicators suggest China's economy is slowing.
Romney hits back on economy, says Obama causing a 'prairie fire of debt' (+video)

The GOP candidate was in Iowa, making his case that the President's administration has not done enough to keep the country fiscally sound.
Economist Mom
How to make the Bush tax cuts work

The expiring Bush tax cuts would be worth more than $2.8 trillion over 10 years Instead of complaining about the size of the cuts and not doing anything constructive about it, policymakers ought to commit to using that size in a positive way.
Greece's economic woes may hurt US

Greece's problems and the larger European debt crisis may impact banks, the stock market, trade and even the 2012 election.
Price of debt-ceiling deal: GOP plan goes 'for the jugular,' Dems say

No one in Congress likes the 'sequester' – the more than $900 billion in automatic cuts written into last year's debt deal – but Democrats say that's better than the new GOP plan to avoid it.
Austerity: Wrong policy or hard truth? (+video)

Austerity politicians may have been given the boot in Europe, but austerity measures will remain.
Obama ad hits Romney on jobs record, Swiss bank account

The new Obama message, which will be broadcast in battleground states Virginia, Ohio and Iowa — accuses Romney of having 'shipped American jobs to places like Mexico and China' when he led the investment firm Bain Capital.
Global News Blog
Growing like gangbusters, Turkey says Western economies need 'serious reforms'

Turkey's Deputy Prime Minister Ali Babacan warned Friday that the US and Europe were not doing enough to resolve the core causes of the global economic slowdown.
GDP report puts Obama in economic 'gray zone.' Will Republicans profit?

GDP increased at a 2.2 percent annual rate in the first quarter, Commerce Department said Friday. That's below economists' expectations. The news gives Republicans ammunition against Obama.
Wisconsin posts biggest US job loss, as Gov. Scott Walker fights for his job

Wisconsin lost 23,900 jobs between March 2011 and March 2012, according to data from the US Bureau of Labor Statistics. It also lost more private-sector jobs than any other state.
Consumer Energy Report
Do energy subsidies actually work?

Governement subsidies are largely social experiments without any guarantee of success. Some pay off royally, while others are a waste of time and money.
Casino mogul Adelson pressures Spain to bend rules for EuroVegas

American casino mogul Sheldon Adelson's EuroVegas project could bring Spain much-needed investment, but the deal comes with demands for unappealing legal and financial exemptions.
Mitt Romney's top 5 attacks on President Obama

Mitt Romney has yet to nail down the Republican presidential nomination, but he’s already attacking President Obama. Here's a look at five of Mr. Romney’s charges – and whether they’re true.
Gas prices: How much will they hurt the economy? (+video)

Gas prices are slated to hit new highs within months. How might that affect the modest economic recovery? Here's a clue: Every 10-cent rise per gallon in gas prices costs the US economy $11 billion.
A Congress with no room for Olympia Snowe and other centrists?

Sen. Olympia Snowe (R) of Maine is the latest centrist to depart Congress. For several years now, the partisans have been staying and the moderates have been either losing or leaving.
Tax VOX
Payroll tax cut full of budget gimmicks

There are two gimmicks happening here. Both are functions of the 10-year budget window the Congressional Budget Office and the Joint Committee on Taxation use to score legislation.
On the Economy
Ben Bernanke shows his mettle, again

In recent remarks, Ben Bernanke showed that he’s not at all swept up in optimism about recent improvements—he’s particularly on point regarding continued weaknesses in the job market—and he clearly cites all the reasons to keep pressing on monetary stimulus.
Solar energy subsidies: sticky wicket for Tea Party recipient?

Solar energy tax credits benefited firms owned by Tea Party Republican running for the US Senate. But Mark Neumann, who decries Obama stimulus plan, got the solar energy credits under President Bush.
Tax VOX
Romney's tax plan really does favor the rich

Romney's tax plan is not for the middle class. In fact, high-income households would win big and poor families would actually fare worse.
Social Security: Florida retirees eye GOP candidates' fixes

Social Security rescue plans vary among GOP presidential candidates. A majority of Florida's Republican retirees support raising age when Social Security benefits kick in.
What can be done to create jobs? Six leading ideas.

The job market has shown some very welcome signs of improvement lately, but it still has a long way to go before approaching something Americans would call normal. Here’s a look at some of the proposed solutions out there.
Tax VOX
A federal umbrella for state rainy days?

If states were characters from Aesop’s Fables, they’d be more grasshopper than ant. With a little help from the federal government, maybe more states could find their inner ant.