Ten Second News

The stimulus effect

How much unemployment can we blame on the Obama administration? Economist Rob Shapiro dug into some Bureau of Labor Statistics data and came back with the best numbers I’ve seen on the subject. He separated job losses into two buckets: Those that happened before the stimulus, which was Obama’s major effort to deal with joblessness,…

Did the bank bailout work?

According to the Government Accountability Office, the Troubled Asset Relief Program (TARP) may not have actually accomplished anything. UPDATE: Here’s the full report. I think the Examiner editorial over-sells its premise, but this line seems pretty damning: “…any changes attributed to TARP could well be changes that: would have occurred anyway; can be attributed to…