Posted on 09/02/2010 5:00:11 PM PDT by Sub-Driver
White House considering emergency economic stimuli
By: Glenn Thrush September 2, 2010 07:04 PM EDT
The Obama administration is mulling a raft of emergency fixes to stimulate the economy before the midterms, including an extension of the research and development tax credit and new infrastructure spending, according to several people familiar with the situation.
Administration officials have been huddling almost continuously during the past week, brainstorming for ideas that would boost employment without hiking the massive federal deficit – with Treasury Secretary Tim Geithner rushing to the West Wing for further consultations late Thursday.
The White House press office on Thursday refused to say how much a financial package might be, other than to say it won’t be a “second stimulus.” But the administration will have a tough time selling nearly any package to terrified, Obama-phobic Hill Democrats who increasingly blame the president – and his ambitious, expensive legislative agenda – for their dismal prospects this November.
The meetings, which had Obama huddling with his economic advisers twice in the last seven days, have yielded no specific proposals. But he’s given the team a priority: find ways to pay for as many of the ideas, mostly tax breaks, as possible without a deficit increase, an administration official told POLITICO.
The R-and-D tax cut, which Congressional Democrats have already considered would, for example, be paid for by closing overseas corporate loopholes.
(Excerpt) Read more at politico.com ...
Just wanted to let you know — today I received my 2010 Obama Stimulus Package. It contained two watermelon seeds, cornbread mix, and 10 coupons to KFC. The directions were in Spanish.
Hope you get yours soon.
In office for years and ruining everything.
At this point, the only thing that might even spark some economic growth is his resignation.
Come that Washington 10.2.10 rally, Bam's gonna hand it out to all his peeps to take back to where they stay...to spread around as they see fit doncha know. See? Easy.
There’s NO way that the public will react favorably to this.
It will backfire. This sonovabitch is toast and he’s going to do as much more damage as he can.
How about not letting the Bush tax cuts expire, you idiots?
Seriously, the only thing that would work now would be a 6-9 month tax holiday. No federal taxes.
Secondly, the government is super morbidly obese and needs to get on a crash diet now.
I don't know if you realize this but you just described the the Islamofascist credo. You sure you weren't talking about Ahmadinnerjacket?
LOL! I made that about 7 years ago when changing my name from Sciencediet to Lady Jag.
The plan is to make DemocRATS look like heros and Republicans look like obstructionists. If it works, and it won’t, Obama will take all the credit. Go for it Zero!
Basically just a bunch of computers batting the same few thousand shares back and forth a dozen times a second, all day long.
Did you notice that 100+ point jump yesterday at exactly 10:00 am? And then it flatlined the rest of the day. Weird.
>.............Clueless idiots.<
hardly, all part of his plan to turn us into a third world nation
Exactly. They have to pay their “attendees”. Pathetic.
Attempting to buy votes?
Isn't there still stimulus money remaining from the original $800 billion that we "just had to have" back in 2008?
Just before that election, coincidentally...
On account it went to pay-off SEIU and other Obie slush funds.
What a load of BS. What they mean is that they'll jam through a second stimulus that won't be called a stimulus in order to lie to the people. Just like every other damaging bill this regime passes.
Basically Obama does what he thinks is good for Obama on the world level. He sees us as nothing but a stepping stone. One that he intends to wear away before he leaps onto the world stage. The world stage will be so much easier to manipulate without the strongest country in the world to get in his way. This why many of his decisions seem to make him unpopular here. They are not targeted to please us but rather to show the world that he is their man.
Well said. You are exactly right.
Hey Hussein, you gotta spend the remaining $300,000,000,000 slush fund from the latest ‘stimulus’ instead of saving it for your 2012 re-election year!
Little do the "little people" realize, he is getting ready to gas the country to death!
So much for "free money," what good is it when your DEAD?
Thanks for the jpeg showing the results of Obama’s “Stimulus” against the results of the Bush tax cuts.
I just emailed that graphic to everyone on my list.
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