Editorial: Stimulus bill poorly planned, looming disaster

It is becoming increasingly clear the massive “stimulus” bill rushed through Congress and signed by the president was neither intended nor designed to be an economic stimulus bill in the classic Keynesian sense. Under Keynesian theory (which is shaky, but leave that aside for the moment), the important thing for the government to do in […]

Rep. Lujan to talk stimulus Thursday

CNJ staff U.S. Rep. Ben Ray Lujan, D-NM is in Clovis Thursday, meeting with several groups to discuss the stimulus package recently passed in Washington, D.C.The tour begins at 9 a.m. when Curry County Commissioners will convene a special meeting to hear a briefing on economic recovery and investment policy.At noon, Lujan is meeting with […]

Stimulus Support Edges Higher, Now 59%

PRINCETON, NJ — Public support for an $800 billion economic stimulus package has increased to 59% in a USA Today/Gallup poll conducted Tuesday night, up from 52% in Gallup polling a week ago, as well as in late January.

Officials: Stimulus package should help homeowners and schools

By Garbiel Monte and Argen Duncan As a stimulus package aimed at infusing almost $800 billion into the economy hurtles through Congress on its way to the president’s desk, eastern New Mexico residents are hopeful it boosts the economy. Eastern New Mexico officials said the package should include money to help homeowners fight foreclosure and […]

Military Feature: Cannon lines up for stimulus package funds

By Gabriel Monte: CNJ staff writer Cannon Air Force Base is jumping on the economic stimulus bandwagon, submitting a wish list of several expansion projects. The U.S. Air Force is in line to receive millions in funding for projects through President Barack Obama’s stimulus package approved Tuesday by the Senate. Obama said he expects a […]

Clovis readies projects for stimulus package

Gabriel Monte As Congress debates the size of an economic stimulus package aimed at creating jobs by funding “shovel-ready” infrastructure projects, Clovis is working to get two projects ready for the bill, according to city officials. City Manager Joe Thomas said replacing the Hull Street overpass and improving the city’s wastewater treatment plant are two […]

Pornography succeeding without federal help

Freedom New Mexico The porn industry wants economic stimulus. It wants a federal bailout, which should resolve any confusion as to what this country has become. Some don’t believe in the free market’s ability to turn garbage into gold, to deliver anything and everything a consumer could ever want. People like that have never examined […]

Stimulus payments being used for daily living costs

Staff and wire reports Many Americans allowed themselves to fantasize about large-screen TVs, bigger vacations and other luxuries when they learned of the federal rebates they’d be getting this spring and early summer. Or maybe they’d pay off a credit card or set the rebate aside for a big purchase in the future, notwithstanding Washington’s […]

Stimulus rebates begin today

The Associated Press WASHINGTON

President: Stimulus rebates will start Monday, earlier than planned

The Associated Press WASHINGTON

IRS to begin mailing stimulus notices

The Associated Press WASHINGTON — Don’t be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and the news is good. The letters are part of an effort to ensure people do not miss out if they are eligible for a tax rebate check under the recently […]

Bingaman participates in economic stimulus hearing

WASHINGTON – U.S. Senator Jeff Bingaman today participated in a Senate Finance Committee hearing to discuss what actions should be taken to stimulate the economy.             Bingaman is a member of the Senate Finance Committee, which will write the Senate’s version of a stimulus package.  At the hearing, Senators discussed the need to pass a […]

Domenici advocates larger economic stimulus package

WASHINGTON – U.S. Senator Pete Domenici today suggested that federal policymakers are offering “too little, too late” in terms of keeping the American economy from sliding into a recession, and suggested significantly increasing the size of an economic stimulus package.             Domenici, the former long-time chairman of the Senate Budget Committee, on Monday issued the […]

Consumer spending crucial in tax rebate plan

By Kevin Wilson: Freedom New Mexico It’s still up in the air whether the United States is heading for a recession. Likewise, it’s in the air if rumored stimulus packages would do anything to slow or stop one. President Bush on Friday pushed for an economic stimulus package, consisting of as much as $150 billion […]

Bush stimulus does little on Wall Street

The Associated Press NEW YORK — Wall Street ended a painful week with another decline Friday as skittish investors unable to hold on to much optimism about the economy drew little comfort from President Bush’s stimulus plan. The day’s trading reflected how fractious Wall Street has been in the new year. Investors pulled back from […]

Domenici: Need for economic stimulus

          CARLSBAD, N.M. – U.S. Senator Pete Domenici, a member of the Senate Budget Committee, today issued the following statement regarding proposals for an economic stimulus to energize the U.S. economy:             “While there are economic bright spots in New Mexico, there is no doubt that the national economy is in trouble.  I was […]