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Keepin the door open for a Second Stimulus


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#1 johnyt101

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Posted 10 March 2009 - 05:25 PM

I was listening to Rush today and he was predicting another stimulus by the summer. He also played a clip from an economist that said there would be a second stimulus sooner than one would think.

After all, the Dems claim that the only reason the New Deal failed is because FDR didnt spend enough fast enough. Obama has been in office for 50 days and has increased the national debt by 3 Trillion dollars!!! We are in big trouble...


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#2 johnyt101

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Posted 10 March 2009 - 05:40 PM

When will it stop? This already is the most disasterous administration to date, I just hope America can survive this onslaught.

There is no Social Security left for my generation, let alone my childrens. Medicare will be gone as well. Its time to stop the failed experiment they call public schools and eliminate the unconstitutional progressive tax system we currently have. Big changes have to be made in America and hopefully Obama will prove to the public once and for all that Socialism does not work.

Senate to Approve Obama's 410 billion dollar Pet Projects Bill

#3 SirMatthew

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Posted 10 March 2009 - 08:07 PM

Just reported today:

http://news.yahoo.co...nomy_stimulus_1

Pelosi leaves door open to second stimulus

WASHINGTON (Reuters) U.S. House of Representatives Speaker Nancy Pelosi on Tuesday left the door open to another stimulus bill to boost the ailing economy, although economists were split over the need for one.

Last month, Congress approved a $787 billion spending plan that included money for roads and bridges as well as tax cuts for individuals and small businesses, all aimed at reversing the economy's sharp downward spiral.

After meeting behind closed doors with prominent economists, Pelosi said that at the moment she would adopt a wait-and-see approach to a further economic stimulus, but noted that job losses would likely increase over the coming months.

"It will take a little time to get going, some of it's already in the works, but we must give it time to work," Pelosi told reporters flanked by economists and fellow Democrats who met to discuss the struggling economy.

"You have to keep the door open to see how this goes," she said.

Mark Zandi, chief economist of Moody's Economy.com, said that more funds would likely be needed to boost the economy as well as shore up the banking system, and potentially for the program to mitigate home foreclosures.

"We are going to need more taxpayer money up front," Zandi told reporters. "I think another stimulus package is a reasonable probability given where things are going."

He argued that spending the money up front could head off a larger economic catastrophe down the road which could be significantly more expensive. Already several million jobs have been lost since the recession began in December 2007.

"If we don't stem the crisis quickly, the economy will continue to slide away and cause more problems with respect to our deficits and budgets, and ultimately will cost us more," Zandi said.

However, another economist who participated in the briefing with House Democrats offered an different perspective.

"I don't necessarily think we're going to need more stimulus funds, I think we have to see how things go," said Allen Sinai, chief global economist at Decision Economics Inc. "Remember, a tremendous amount of stimulus is working in the economy."

He warned that the stimulus effort would probably fall short of creating or saving 3.5 million jobs within two years, saying it would instead probably take three years.

But one prominent Senate Democrat, Senator Ben Nelson of Nebraska who helped negotiate the smaller $787 billion package last month, said it was "way too soon" to be discussing another stimulus effort.
"A strict observance of the written laws is doubtless one of the high duties of a good citizen, but it is not the highest. The laws of necessity, of self-preservation, of saving our country when in danger, are of higher obligation. To lose our country by a scrupulous adherence to written law would be to lose the law itself, with life, liberty, property, and all those who are enjoying them with us; thus absurdly sacrificing the end to the means." -- Thomas Jefferson to John Colvin, 1810.

#4 spec4

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Posted 11 March 2009 - 07:30 AM

What I would like to track is how many people who voted for this guy now regret it. IMO that's key to getting Congress back in 2010. We need enough people to wake up and vote conservative. To me, Obama is proving to be the empty suit we thought he is. He is making Carter look good.

#5 c-rock

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Posted 11 March 2009 - 01:40 PM

What I would like to track is how many people who voted for this guy now regret it. IMO that's key to getting Congress back in 2010. We need enough people to wake up and vote conservative. To me, Obama is proving to be the empty suit we thought he is. He is making Carter look good.



Then throw out the neo-cons in the GOP if you want change in 2010.
John 3:16

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#6 moparcardave

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Posted 11 March 2009 - 02:22 PM

What I would like to track is how many people who voted for this guy now regret it. IMO that's key to getting Congress back in 2010. We need enough people to wake up and vote conservative. To me, Obama is proving to be the empty suit we thought he is. He is making Carter look good.



Then throw out the neo-cons in the GOP if you want change in 2010.


They laid $18000.00 cash on the table today on Fox, stating this is hou much money was pushed into the system per person by Obama's plan. Wouldn't it be better to just had each of us that cash, you know the ones that actually pay our bills. I could pick up a few additional shooting irons with that. They also said that this bailout of his will burden each of us with additional taxes over the years of more then $80000. This is the change he promised?

Also heard he is going to a teleprompter in the podium so aides can fast fact Robobama quick replies to questions.
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WHY CARRY A GUN? Because carrying a Cop would be too heavy.

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