Obama Gives Keynes His First Real-World Test

House Passes $819 Billion Stimulus Plan
The House of Representatives late Wednesday passed President Obama's $819 billion plan to stimulate the economy. The vote proceeded along party lines as anticipateed. Only 12 Democrats opposed the measure, and no Republicans supported it.div class="feedflare"a href="http://feeds.feedburner.com/~f/CBSNewsPolitics?a=6ux5pu.p"img src="http://feeds.feedburner.com/~f/CBSNewsPolitics?i=6ux5pu.p" border="0"/img/a a href="http://feeds.feedburner.com/~f/CBSNewsPolitics?a=d0YX2U.P"img src="http://feeds.feedburner.com/~f/CBSNewsPolitics?i=d0YX2U.P" border="0"/img/a a href="http://feeds.feedburner.com/~f/CBSNewsPolitics?a=IR5hRw.p"img src="http://feeds.feedburner.com/~f/CBSNewsPolitics?i=IR5hRw.p" border="0"/img/a a href="http://feeds.feedburner.com/~f/CBSNewsPolitics?a=qsQKot.p"img src="http://feeds.feedburner.com/~f/CBSNewsPolitics?i=qsQKot.p" border="0"/img/a a href="http://feeds.feedburner.com/~f/CBSNewsPolitics?a=FSqytw.P"img src="http://feeds.feedburner.com/~f/CBSNewsPolitics?i=FSqytw.P" border="0"/img/a a href="http://feeds.feedburner.com/~f/CBSNewsPolitics?a=8AhCCs.P"img src="http://feeds.feedburner.com/~f/CBSNewsPolitics?i=8AhCCs.P" border="0"/img/a/divimg src="http://feeds.feedburner.com/~r/CBSNewsPolitics/~4/525810542" height="1" width="1"/
Iraq Bans Blackwater Security Firm from Providing Protection to U.S. Diplomats
ABC News' Jennifer Duck Reports: Iraq is banning security company Blackwater Worldwide from providing protection to U.S. diplomats because of "improper conduct and excessive use of force." The company's reputation is highly damaged from an incident in 2007 when Blackwater...img src="http://feeds2.feedburner.com/~r/AbcNews_PoliticalRadar/~4/0cS3WqpY9C0" height="1" width="1"/
Economist gives GOP anti-stimulus ammo
by Frank James Former Reagan Administration economist Martin Feldstein has given congressional Republicans opposed to the $819 billion economic stimulus plan just passed by the House some effective ammunition today in an op-ed piece in the Washington Post. Although his...
Obama Gives Keynes His First Real-World Test
British economist John Maynard Keynes believed government spending could pull an economy out of recession. After deficits ballooned in the 1970s, his ideas were widely discredited. Now, with the Obama administration's $825 billion stimulus plan, Keynesian economics gets its first real-world test.