Insisting the five-year-old federal stimulus package staved off a U.S. depression, Vice President Joe Biden toured the mucky site of a future Mississippi River harbor near an Illinois steel town and pressed for continued infrastructure spending he says has helped define the nation.
The Federal Reserve’s annual “stress tests” of major U.S. banks have become better able to detect risks, Chairman Ben Bernanke said Monday night. He said the tests show that the banking industry has grown much healthier since the financial crisis.
Bankruptcy has never looked so lucrative.
While Paul Ryan is entitled to his own opinions, he is not entitled to his own facts. He lied to America about Medicare. He lied to America about the debt commission. He really lied to America about the stimulus and America’s debt rating.
Republican vice presidential candidate Paul Ryan has been one of the harshest critics of President Barack Obama’s economic stimulus plan. But months after Congress approved the nearly $800 billion package, the Wisconsin lawmaker was trying to steer money under the program to companies in his home state.
Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.