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 wont 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 hes 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 ...
God help us all with gung ho Obama with his hand in the purse.
Where they gonna get the money from.........
The public will just see this as another vote buying smokejob.
Preparing to announce yet another 5 year plan.
Don't even suggest it. What they'll do is send you a check for $5000 and tack it onto your taxes due next April then add late fees and surcharges.
Never before in our history has such an overwhelming number of assholes been in charge of our country and leading it.
Did anyone notice that on monday “ominous signs” made stock market fall big on mon/tue and all of a sudden some “positive” signs ramped it up 200 points on wednesday. I am not a stock person but I do think the market is being manipulated when obummer needs it’s most............
Oh Goody!!! Another CRISIS.
Now,now, the article clearly called it an EMERGENCY! :)
Soros must be buying a helluva lot of stock.
We are spending more on our domestic programs that what the next ten largest countries spend on their military combined in one year.
BOHICA
Don’t they still have left over stimulus? No more money.
That brings a smile to my face. (Come to think of it, I'm Obama-phobic too.)
The meetings, which had Obama huddling with his economic advisers twice in the last seven days,...
Poor bastard's really been hitting it hard. Perhaps he should take another vacation.
They are desperately brainstorming NOT to save America but to save their asses.
Spend spend spend more more more
Clueless liberals (as usual).
Obama's turd world radical attempt to ignite class warfare has failed. These leftwing-inspired morons never get that in America, class envy translates into motivation to improve oneself, to join the next higher SES class and not to tear it down.(except for the underclass, who have abandoned hope after 70 years of betrayal by the 'rats.)
But now they are saying it's not REALLY in a recovery so let's throw more money that we don't have to fix it AGAIN?
Call me confused!
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