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March 11, 2009
Pelosi: "'Keep the Door Open' to Another Stimulus Package"
Pelosi: Congress Needs to 'Keep the Door Open' to Another Stimulus Package
House Speaker Nancy Pelosi said Tuesday that Congress needs to "keep the door open" to a another stimulus package -- raising the question of how much the government could eventually spend on top of the $787 billion already allocated to rescue the country from dire economic straits.
"The word of the day is confidence. Confidence in our markets, confidence in lending, confidence in our financial institutions," Pelosi said before suggesting the need for another rescue package during a press conference Tuesday following a meeting with top economists.
Mark Zandi, chief economist and founder of Moody's Economy, took a more definitive stance than Pelosi, telling reporters a second stimulus bill is necessary.
"We are going to need more taxpayer money ... I think another stimulus package is a reasonable assumption because of the way things are going," Zandi said.
The Obama administration has not ruled out supporting a second stimulus package -- should the current bill prove insufficient -- but it has not indicated a second bill is currently in the making either.
White House Press Secretary Robert Gibbs told reporters on Feb. 17 that Obama "is going to do what's necessary to grow this economy." While "there are no particular plans at this point for a second stimulus package," he added, "I wouldn't foreclose it."
Wild Thing's comment.........
How about a Just Say No to Nancy” campaign Or a Just Say No to Obama” campaign.
Posted by Wild Thing at March 11, 2009 06:45 AM
Comments
How many stimulus bills are we going to eventually have. Or will stimulus bills become quarterly events. Government spending money it doesn't have. Politicians buying votes.
How did America make it the first 100 years without stimulus bills.
I never received anything in the first stimulus bill last year. Some illegal probably got mine. Guess I am not a good American. I did my part though to stimulate the economy. I bought a rifle and ammo.
Posted by: TomR at March 11, 2009 01:28 PM
The economy has lost 6000 points, and something close to 50 Trillion world wide since August of last year and it continues to drop. When exactly is obama going to grow the economy.
Another stimulus, this will take the debt into the next century.
Posted by: Mark at March 11, 2009 02:39 PM
I'm hoping Pelosi's plane has an engine failure over the Rockies.
Posted by: cuchieddie-25th ID Vet at March 11, 2009 06:30 PM
Tom, LOL I have no idea, I know one huge one is coming up before the end of 2009.
I wish I had kept a list, it would be good to have. The names of them and the amounts.
LOL love how you put this....
"Some illegal probably got mine. Guess I am not a good American. I did my part though to stimulate the economy. I bought a rifle and ammo."
Posted by: Wild Thing at March 11, 2009 07:55 PM
Mark, your right, these just keep coming. Pelosi and Obama etc. will not stop.Total insanity.
Posted by: Wild Thing at March 11, 2009 11:25 PM
