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Car dealers protected from new consumer protection agency

Car dealers protected from new consumer protection agency
October 29, 2009 --

Last week, the House Financial Services Committee voted to establish a new Consumer Financial Protection Agency. The agency would have broad authority – but thanks to fierce lobbying, it’ll also have big gaps. Consumer advocates point to an exemption for auto dealers as one that’s particularly worrisome.

Do direct stimulus jobs really cost $533,000 apiece?

Do direct stimulus jobs really cost $533,000 apiece?
October 18, 2009 --

On Thursday, the government released data claiming $16 billion in stimulus money has saved or created 30,383 jobs. Extrapolating those numbers, the administration’s chief economist estimated total stimulus spending would mean more than 1 million new or saved jobs. But do the 30,000 jobs represent a good return? And since the federal contracts for which data was reported this week represent just a sliver of the overall stimulus package, what do they really say about the impact of the stimulus as a whole?