Posted on 10/29/2008 12:39:33 PM PDT by NormsRevenge
WASHINGTON (Reuters) – U.S. state leaders, trade groups and economists descended on the House of Representatives on Wednesday to help work out a second economic stimulus bill that one influential Congressional member said would be introduced on November 17.
Representative Jim Oberstar, the Minnesota Democrat who chairs the House Transportation and Infrastructure Committee, told a hearing on jump-starting the stalled economy that Congressional staff would be meeting throughout the month and a stimulus bill would be introduced when Congress reconvenes next month.
The House passed a sweeping $61 billion stimulus bill last month, but the package was blocked in the Senate and Speaker of the U.S. House of Representatives Nancy Pelosi, a California Democrat, said the legislators would try again.
"We will not have any package at all unless the President agrees," Rep. Charles Rangel, the New York Democrat who heads the Ways and Means Committee that controls the federal purse strings, which also held a hearing on Monday.
President George W. Bush has signaled he may lower his resistance to a bill that would follow up on a stimulus bill passed this winter that gave businesses capital tax breaks and sent $600 checks to most Americans.
(Excerpt) Read more at news.yahoo.com ...
We live in a world gone mad.
This one will suck, too.
If they want to help the economy. Let’s start building reactors, reffineries, and let’s start drilling. That will certainly help. Although most of those contruction jobs will go to illegal aliens anyways. But at least SOME Americans will be employed...
Why don’t they just issue printing presses to every household. It would make things more expedient.
I’m still waiting for the first one!
Yeah, I feel stimulated too; stimulated to vote!
These people are in denial.
The Government is not the answer to the poor economy it is the cause..
Printing more money to indebt our children is NOT the answer.
Nothing is going to improve until long after the eelction.
Business fears the coming taxation and regulation that cold be coming in an Obama presidency with a Pelosi run Congress.
If McCain wins then by next summer things should begin improving.
Unfortunately if Obama wins things are not likely to get better for many many years, and likely worse then they are now.
Oh goody! More free money!
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