Sunday, February 15, 2009

Monday, February 02, 2009

Myths and falsehoods surrounding the economic recovery plan

From Media Matters:

"During their coverage and discussion of the economic recovery bill supported by President Obama, the American Recovery and Reinvestment Act, media figures have advanced several myths and falsehoods relating to the details and effects of the plan. These myths and falsehoods include: the assertion that a Congressional Budget Office (CBO) "study" found that the majority of the money in the bill will not be spent for a year and a half; that provisions in the bill to extend food stamps and unemployment insurance payments are "not stimulus"; that President Franklin Roosevelt's New Deal policies failed to reduce unemployment during the Great Depression; that Japan's fiscal stimulus policy during the "lost decade" of the 1990s failed to help it recover from recession; that the bill would spend at least $217,000 for every job created; that the Association of Community Organizations for Reform Now (ACORN) would receive $4.19 billion from the bill; and that former Labor Secretary and Obama adviser Robert Reich proposed white males should be excluded from jobs created by the bill."
(Full article)

Sunday, February 01, 2009