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 ...
Understanding how to keep your job <> “Not stupid”.
I wish it were simply incompetence.
Apparently some of those Tea Parties are turning into Lynch Mobs!
Pray for America
and like Obama after all that thier talking heads and the media will laud them for being so consistent with their message.
LOL...
Yep. 10% unemployment, a flat job market, stock market still in the toilet...hey, it’s right where they want it! A great big smashing success, you betcha.
*Tag Bush economy "Bush Mess." Prepare to exploit it.
*Hype CRISIS, CRISIS, CRISIS!!!!
*Rob the American people
*Tax Tax Tax! Kill small businesses!
*Take over businesses that make up the largest portions of the economy. *Implement energy tax but don't call it a tax (Crap and trade) thus driving up cost of all goods, services, and energy.
*Print lots of cash, devalue dollar
*Blame out of control job loss, rampant inflation, and tanking economy on "Bush Mess"
*Claim "Bush Mess" worse than initial analysis suggested, despite Obama Administration's flagrant economic irresponsibility.
*HYPE THE CRISIS, CRISIS, CRISIS!!!
*Rob the American people....
Repeat ad nauseum until America is completely broke and dependent on government programs.
If it were incompetence, they’d get something right every once in a while.
He will be bee-otch slapped into obeying Hussein and will tow the line. You watch. His little "no" act is something for the folks in Nevada.
"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.90 per cent? Of three billion, right? Not dime one. Not anywhere.
Mebbee...just mebbee...they’re havin’ a little difficulty selling all the bonds to raise cash for their game....
Harry Reid never met a taxpayer dollar he didn’t want to spend. This is crap.
This will simmer till after the elections in 2010...
I believe they really will wait that long before they do it again...They need to make sure they’ll still have a job before they move on this...
Good post. Someone who gets it.
Harry Reid... another arrogant, socialist lying SOB POS with his nose stuck in the air. What is it with these arrogant demoRAT socialists and their noses in the air? Can you imagine the howling reaction of the libtard media if a conservative Republican had even a hint of condescending air about them?
Old Harry is going to have to do some fancy tap dancing to make voters in Nevada next year remember the moderate that he once was and to forget the radical rubberstamp that he has become.
It’s funny - they’re talking as if there’s some positive connection between extravagant government spending and unemployment: do you suppose Barry has been smoking funny cigarettes again?
Harry's got it wrong. it should read: "The Nevada senator is only just beginning to realize that his political career has ended..."
“Harry’s got it wrong. it should read: “The Nevada senator is only just beginning to realize that his political career has ended.”
There ya go!!
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