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...homebuyer tax credit and Cash for Clunkers, economists and others are paying more attention to the collateral cost of stimulus. The question with this proposal is how many of the million companies that Obama predicts would be awarded a job-creation tax credit would have hired workers anyway...
...guide, the number would be relatively high. Car-research firm Edmunds estimates that just 18% of the nearly 700,000 automobiles that were bought through the Cash for Clunkers program were a result of the stimulus. The rest, 82%, went to people who would have gotten new wheels anyway. The $8,000 homebuyer tax credit did a little better. In that instance, economists estimate that 33% of the 1.4 million people who collected the credit bought a home because of the government assistance. (See the worst business deals...
...hiring because of the job stimulus will be very low. John Bishop, who teaches about human resources at Cornell University and has proposed a job-creation tax-credit plan, says about 80% of any tax credit for new hires would go to companies that would have added workers anyway...
...take Volcker's advice about how to stop them from getting too big? If Obama really wanted to stop Wall Street's excessive risk-taking, why didn't he take Volcker's advice to stop federally insured banks from gambling on their own accounts? And where was Volcker anyway...
...back for Reicher found daylight and made a move to the inside as Chris came up to cut him off. The runner tried to leap over Chris, and it was most likely his hip that smashed into Chris' helmet, snapping his neck back. Chris made a game-saving tackle anyway, but then he lay motionless at the 30-yard line for 20 minutes until an ambulance arrived. His father came on the field and knelt next...