Energy as an Economic Stimulus

Energy production is booming in some western states, like North Dakota, where its unemployment rate has fallen below 2%, and fracking has made the potential for gas extraction a promising proposition.  Yet, many major projects, like the Keystone pipeline and development in parts of the Marcellus Shale Field remain in limbo as lawyers, activists and […]

Bringing Jobs Back Home

Filling meaningful new jobs is a high priority for the US.   In July there were 1,137,000 unemployed construction workers and probably one-third more who have given up.   No layer of government seems to have money for infrastructure projects our nation needs, and there is neither a shortage of dwellings, nor an awaiting throng of move-up […]

Hundreds of Energy Project Blocked Costing Trillions of Dollars: Study by ACI Experts Cited by Fox and Dozens of Newspapers

Steve Pociask, president of the American Consumer Institute, and Joseph Fuhr, economics professor at Weidener University and senior fellow at the Institute, released a year-long research study that investigated 351 energy projects in 49 states.  The study, by TeleNomic Research, was conducted at the request of the U.S. Chamber of Commerce and gives an independent […]

Unemployment Rate Declined in July? Really?

The Bureau of Labor Statistics just released its report on employment, announcing that the unemployment rate declined from 9.5% in June to 9.4% in July.  News reports seem a little upbeat, but this is very premature.  If you look at the numbers, you will see that the labor force participation fell — meaning 544,000 people […]

ACI’s Newsweek Article: If You Want to Stimulate Broadband Deployment, Reduce Taxes and Regulation

Businessweek published our article on how to speed the buildout of broadband services.  The article written by Dr. Larry Darby and Dr. Josephy Fuhr points out that the current broadband stimulus funding will not be enough.  Instead, if  you want to stimulate broadband investment and use, then reduce taxes and regulations.  To see a copy of the article visit Businessweek […]

BLS says that One-half Million More Jobs Lost in the Last Month … As Predicted, Economic Stimulus Package Will Do More Harm and Good

Six Months ago, I commented about the problems with the Economic Stimulus Package and how it would not provide any immediate benefit, be largely ineffective and create more long term costs than benefits.  The Bureau of Labor Statistics just released its latest employment situation report and showed that the economy lost nearly one-half million jobs […]

Deficit Will Cost $15,000 per Household?

If the stimulus plan is passed, the U.S. deficit will approach $1.7 trillion dollars.  Whatever the economic benefits of the plan, the cost of the plan will eventually need to be paid back.  Whether this payment comes in the form of increased taxes on consumers and/or business, because businesses will pass these costs along to consumers in the form of higher […]

Economic Stimulus Will It Work? Maybe, Maybe Not

Economic Stimulus Plan is Not a Panacea   As 2009 begins, I reflect back on how the last bailout performed and reminisce about how all the money that was already wasted bailing out corporations at the expense of American taxpayers, and now it looks like more waste could be coming under the heading of an […]

Consumer Welfare in Public and Private Broadband Network Investment: What Should Be in the Economic Stimulus Package?

A recent story in the telecom trade press quoted spokesmen for consumer organizations in opposition to including tax credits for broadband network infrastructure providers as part of the President-elect’s economic stimulus package now being shaped in Congress. One stated: “Telecom companies should not get tax breaks to build out broadband networks…Money should go to state […]

Broadband Tax Relief Will Contribute Substantially to Efforts to Create Jobs

Details of President-elect Obama’s stimulus package are not known, but its general focus on creating jobs is coming increasingly clear. He recently characterized the package in part as: “…a two-year, nationwide effort to jump-start job creation in America.” It has been reported that the president-elect has directed his economic team “to come up with an […]