A 2nd Government Stimulus Plan? Are You Kidding?

Stimulus Package number 2 is a Possibility

Wow. Stimulus Package number 2? You know when after 6 months in office, and passing a nearly 800 billion dollar stimulus package, we are facing yet another government injection into the economy.

Details are very scattered, however, Obama advisors have gone on record about the plan and its necessity. The Obama administration is quick to point out that the economy was in even more dire straits than previously thought.

Biden mum on second stimulus package

Is the Obama administration really talking about a second round of an economic stimulus package?

Vice President Biden won’t say for sure but he does admit they weren’t clear on the depth of the economic woes when they first arrived in office. Biden is quick to point out the merits of the 787 billion dollar package which he’s been delegated to oversee.

Biden says the 9.5 percent unemployment rate is higher than the 8% they had hoped would be a threshold. He also mentioned that this economic environment is a direct result of the Bush Administration’s policies.

US Should Plan 2nd Fiscal Stimulus: Govt Adviser

The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said.

“We should be planning on a contingency basis for a second round of stimulus,” Laura D’Andrea Tyson, a member of the panel advising President Barack Obama on tackling the economic crisis, said on Tuesday.

Addressing a seminar in Singapore, Tyson said she felt the first round of stimulus aimed to prop up the economy had been slightly smaller than she would have liked and that a possible second round should be directed at infrastructure investment.

“The stimulus is performing close to expectations but not in timing,” Tyson said, referring to the slow pace at which the first round of stimulus had been spent on the economy.

1st Stimulus was jammed with Pork…..Hopefully not again.

Will this Stimulus include a Frisbee Park in Austin? We wrote a blog entry during the initial stimulus package that ran through a list of the outrageous spending projects contained within. Click here for that entry http://www.erollover.com/blog/2009-economy/2009-economic-stimulus-bill.

Regardless of your political persuasion, we are entering dangerous ground if we continue to throw good money (Don’t know where we are getting all of this $$$) after bad.

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