Word: stimulus
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...President Barack Obama has signaled that he would favor a cash-for-clunkers-style program, saying in a speech on March 30 that he wanted to work with Congress on finding money for rebates in existing stimulus spending. And similar programs already in place in Germany and other European countries have proved very successful - thanks to continental Europe's cash-for-clunkers plan, analysts say that European car sales are now running at more than 13 million vehicles a year, up from an 11 million pace at the start of the year. "It has been pretty successful...
...circulated as well - a successful cash-for-clunkers program wouldn't be cheap. Germany's program may end up costing the government some $6 billion, three times the initial price tag. Since Obama has said that money for the cash-for-clunkers program needs to come out of existing stimulus spending, that might take some creative accounting. But a cash-for-clunkers program, whatever its environmental benefits, would provide the government with a way to aid the domestic auto industry without giving Detroit any more direct handouts. "There's a lot of justifiable taxpayer reluctance to keep helping the auto...
...There's no quick fix for any of this, just as there's no quick fix for the rest of the economy. Still, it's clear that for all the leading indicators that can be helped by stimulus packages and bailout money, it's the national mood that could get the biggest boost...
...Duncan has a new arrow in his quiver. Buried in the President's stimulus package is a $4.35 billion "Race to the Top" education fund that the Secretary can use to give incentives to states that make "dramatic progress" in meeting goals that include improving standards. States that fail to give assurances that they will improve standards are at risk of losing education funding from other parts of the stimulus bill...
...promising to freeze all discretionary spending for five years, much in the way that conservative governors like Palin, Jindal and South Carolina's Mark Sanford were attacked (in some cases by their own base) for threatening to reject - and in Sanford's case actually rejecting - some of Washington's stimulus dollars. As Congress takes up health-care reform, the party will face a similar dilemma about how best to challenge Democrats over an issue on which most Americans are expecting more, not less, help from Washington...