Posted on 11/03/2009 6:13:36 AM PST by blam
Edited on 11/03/2009 6:22:51 AM PST by Admin Moderator. [history]
Commerce Secretary Gary Locke told Bloomberg TV today that a second economic stimulus is "being hotly discussed and very seriously considered within the administration as well as members of Congress."
Not surprisingly, this news triggered a spasm of backtracking: Locke's spokesman now says he was being "imprecise."
(Excerpt) Read more at businessinsider.com ...
The bench is pretty deep on that team. Would Biden be better? Pelosi would play him like a piano. Reid would pull his string while nancy worked his jaw.
This would be to get them through the 2010 elections with billions of portk. No other reason.
They haven’t even spent most of the first stimulant have they?
I did some rough calculations a few weeks ago and figured out that if just the taxpayers received funds directly from the stimulous and bail out money, the checks (or tax breaks) would have amounted to about $15K per tax payer (per filed taxes that paid the fed).
I wonder how that would have stimulated the economy?
You bet it is.
They can only estimate by how many are receiving unemployment. Many more out there with no unemployment compensation that cannot be counted accuratley.
why dont they just take the unspent part of the original stimulus and use it to help create jobs instead of enrich their liberal buds.
It’s been said that the definition of insanity is doing the same thing over and over and expecting different results. How much more proof do we need that these people are truly insane.
Much more than the money given to AIG that no one seems to know where it went.
They just need more money to pass through the hands of cronies so they can replenish themselves.
A second stimulus? Wow! I never saw that coming!............./projectile sarc
I wonder why it didn't work?
But that graft and corruption was precisely the point (besides expanding government) for the rats!
IMO, the psychology behind it would be that if they passed a 2nd stimilus they would have a “talking point” in the run-up to the 2010 election. They could say during the campaigns that the 2nd stimulus “hasn’t kicked in yet” and “once it kicks in we’ll see improvement in jobs numbers.” They know that if there is no 2nd stimulus to use an excuse for what is GOING to happen (notice I’m not saying the 2nd stimulus will work, just that they’ll say it’s going to work in the future to restore jobs), the 2010 election is going to be a dismal failure for the Dems.
What happened to the money from the first stimulus? Deposited into overseas accounts of certain select individuals, I’m sure.
“Where are those 100 economists that Obama kept telling us said were telling him #1 would create jobs?”
He never named one ;-)
Plus, Commerce is going to “hire” 1 million people to “work on the census” in the Spring. There’s a million “jobs” right there.
“What happened to the money from the first stimulus? Deposited into overseas accounts of certain select individuals, I’m sure.”
You aren’t far off. Where is the 17.5 billion stimulus money that has been parked in New Jersey for close to six months? Bet you can’t find it. Several of us bankers have tried.
Sure why not? It’s all play money anyway, now. Just make-believe.
Buy gold, buy lead.
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