A 2nd Stimulus: The Political Gift that Keeps on Giving

The Provocateur ^ | 07/10/2009 | Mike Volpe

[fiscon1]

When I first heard Paul Krugman make the suggestion that we needed a second stimulus, I thought that I was only listening to a looney liberal pundit. Never in my widest dream did I think that significant Democratic politicians would suggest that we may need a second stimulus. Such suggestions are nothing short of a beautiful political gift to the Republicans.

[csmusaret]

Didn’t we have two stimulus bills under Bush? If my memory is correct Obama’s would have been the third stimulus and another one would be #4. Am I wrong here?

[Pearls Before Swine]

The problem with the first stimulus is that it wasn’t a stimulus. It was mostly a pork-filled expansion of government with little timely stimulative economic impact. Why would a second stimulus be any more efficient at delivering a jolt to the economy?

[WHBates]

It wouldn't, so what your point?

These people don't have the first clue on what to do. They could listen to the conservative economist but they will not.

[YankeeReb]

Take the money you're going to borrow from the Chinese anyway, skip the stimulus and cut the marginal tax rate to say 10% across the board, eliminate the payroll tax for a year and slash the corporate rate to 5%. Next give tax incentives for the construction of power plants (including nukes) factories and new oil drilling. The economy will begin booming in about 18 months. Once that happens begin to pay down the debt. What don't the geniuses in Washington understand?

All these threats of a stimulus do is cause employers to postpone projects (and hiring) until they know when the next stimulus will happen.

It doesn't take a rocket scientist to see this.

[Kickass Conservative]

Vice President Biden (Idiot - Delaware), just said that the Administration planned it so the first Stimulus Package would be spent over an 18 month period. You know, with most of the bribe money going out right before the 2010 Elections.

How can we have a 2nd one while the original one hasn't taken effect? Sounds like we need Paul Krugman (Idiot - New York Times), to explain it to us.