Posted on 07/07/2009 3:48:59 AM PDT by Red in Blue PA
The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said.
"We should be planning on a contingency basis for a second round of stimulus," Laura D'Andrea Tyson, a member of the panel advising President Barack Obama on tackling the economic crisis, said on Tuesday.
Addressing a seminar in Singapore, Tyson said she felt the first round of stimulus aimed to prop up the economy had been slightly smaller than she would have liked and that a possible second round should be directed at infrastructure investment.
"The stimulus is performing close to expectations but not in timing," Tyson said, referring to the slow pace at which the first round of stimulus had been spent on the economy.
(Excerpt) Read more at cnbc.com ...
IMO, this guy is front running to prepare the people.....it’s probably already been decided.
Yeah... since the first one worked so well.
The only things “shovel ready” are the bull$h!t lines we get from the people in Washington.
Guy=Girl
are these people nuts.If we did nothing we would be coming out of the recession.
How ‘bout we CANCEL the first one and try again. This time, let’s make it REAL tax cuts and tax breaks for investors and others who promote economic and job growth?
You cannot spend your way to prosperity and economic growth. You can spend your way to financial disaster and bankruptcy.
Why not just pick the families the taxpayers support and send pictures of those you are "sponsoring"; at least you will know who is getting YOUR money via the wealth-redistributors.
We should plan on trying all of you traitorous dim bastards when we get back control of this nation.
LLS
“If we did nothing we would be coming out of the recession.”
Excellent observation. However, you are not thinking like a mind numbed liberal. What we really need to do is ensure every American has a home, car, food, heat and a little spending money. The problem is that when you’re losing 500,000 jobs a month the revenue to pay for it isn’t flowing in like it used to. What’s a progressive to do? Borrow more money! When you’re in a boat that’s filling up with water the last thing you’re going to want to do is bail more in. Unless of course your intent was to purposely cause your own demise from the start.
Yes Please, Hit me again.
Pass the Cap and trade that will add $3,000 dollars to my energy costs and send me a check for $150.
Pass the Health care Bill and ration my health care so I can die at 65 and save Social Security.
Take the troops from Iran and send them to Afghanistan to die.
Thanky You Obama ,hit me again.
It is truly depressing to think about our country being run by these fools.
More money and/or cheaper money will not end this recession. This recession ends only when the innovative power of American capitalism is unleashed.
Go ahead - suck more money out of the private sector. Then watch the unemployment rate soar to 20%.
Wasn't that the intent of the FIRST one? Weren't we told it was for "shovel ready" projects, such as roads and bridges?
I say we draft a People's Resolution, stating that if any more outrageous spending bills are voted for by our representatives, especially those that go unread, will be judged a signed confession of treason.
Obama is probably the only person who could actually make one long for the days of Jimmy Carter.
You ain't seen nothin' yet!
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