Posted on 07/07/2009 4:48:25 PM PDT by yoe
Senate Majority Leader Harry Reid on Tuesday slammed the door on the idea of a second economic stimulus plan, even as President Obama suggested he's leaving the option on the table.
The Nevada senator said Americans are only just beginning to realize the benefits of the Obama administration's first stimulus bill, which passed in mid-February, and he stressed that only 10 percent of the $787 billion package has made it to the states.
"A little less than 90 percent still needs to be put out to the American people, and we're in the process of doing that. It's going to move more quickly now. As far as I'm concerned, there's no showing to me that another stimulus is needed," Reid said emphatically.
Obama, though, has not demonstrated the same certainty that another stimulus will not be needed, as the unemployment rate hovers close to 10 percent.
In an interview with FOX News on Tuesday in Moscow, Obama defended February's stimulus package, saying he knew the scope of the economic crisis would make recovery difficult no matter what.
"I think it's important to understand that we've got a short-term challenge which, no matter how big our stimulus was, was going to be a challenge -- partly because we've got fiscal constraints," Obama said.
The president said the government has spent money as fast as it could as the "economic tsunami" unfolded, admitting that getting cash to the states has been difficult.
"You just can't push that out that quickly, partly, not just because the federal government has to process applications, but also because states and local governments have to gear up to get these projects going," Obama said.
(Excerpt) Read more at foxnews.com ...
The first "stimulus" AKA PayBackForObamaWin.....the first one didn't work i.e., make jobs etc. so this gang that can't shoot straight wants to try it again with their Five Time Tax Cheat Secretary of the Treasury, Timothy F. Geithner. By the by, isn't Obama a tad careless about his tax cheating administration?
This is how things start...
Reid says “NO!” then in a week he says “Dont think so” then shortly thereafter it’s “probably not” then it’s “maybe” then it’s “we need it” then it’s “If we don’t pass it now, the whole world will collapse and children will starve.”
This is the same way the Senate is setting us up on Global Warming legislation.
10% unemployment and rising says Mr. Reid is a donkey!
But wait you Cog Sacka...we cant ‘just do nothing!!!!”
“The Nevada senator said Americans are only just beginning to realize the benefits of the Obama administration’s first stimulus bill”
Americans are only just beginning to lean forward and grab their ankles.
Then why did he RUSH SO FAST to get it done without even allowing people to read it, if he knew all this?!
He is a LIAR! But, we already knew that! He is trying to cover his butt because it isn’t working as he said it would!
Uh, where would that be, ol’ Hairy?
The double-digit unemployment rate?
The commercial real-estate apocalypse that is just around the corner and accelerating?
The continuing plummet in house values?
The continued downturn in new-home building?
The continued downturn in retail sales?
The destruction of the dollar?
Phase two of the mortgage meltdown with the coming resets of Alt-A's and Option ARMs? The monetary tsunami that is being checked at the banks and under mattresses but that is about to blow down the dam of our economy with hyperinflation with, paradoxically enough, a simultaneous depression? The rising value of commodities?
You are such an ignorant pric* I can't even laugh at you and your DNC lies anymore.
Things getting a little warm back home, Harry?
It's always warm in Searchlight at this time of year.
If only 10% of the stimulus has been spent... then does that mean we still have a chance to stop the other $700 billion from becoming our children’s future debt?
Just a thought.
We can’t wait to pass it, but we have to wait for it to take effect. How nice.
Ahhh ... methinks Reid is seeing signs of unrest in his coming re-election contest. NV is not happy with liberalism gone wild in D.C.
Americans are only just beginning to realize there are no benefits.
What benefits of the first bill? Anyone seen any benefits? Oh right, we all work for a living...sorry,,,wrong demographic.
Neither of these guys have any idea of what they are doing.
“If only 10% of the stimulus has been spent... then does that mean we still have a chance to stop the other $700 billion from becoming our children’s future debt?”
No. The other 90% hasn’t been printed yet but the presses are a-crankin’!
Reid’s not stupid. He knows that another stimulus, just like Cap and Tax will not pass the Senate and he doesn’t want to be on the losing side of an issue that people are so riled up about.
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