Keith Hennessey has picked up on an observation made by Stuart Varney over at Fox News the other day that President Obama appears to be planning additional stimulus on top of the $787 billion measure he signed last March. Varney bases his assertion on remarks made by the President last Friday. The money quote:
"We will also build on the measure I signed with further steps to grow our economy in the future. To that end, my economic team is looking at ideas such as additional investments in our aging roads and bridges, incentives to encourage families and businesses to make buildings more energy-efficient, additional tax cuts for businesses to create jobs, additional steps to increase the flow of credit to small businesses, and an aggressive agenda to promote exports and help American manufacturers sell their products around the world."
The implications of this statement are stunning. This is a call for additional spending of money we don't have on top of the trillions we can't pay for (also not inclusive of the $1.5 trillion price tag for health care when all is said and done).
If I was a freshman blue dog in a republican district, I'd be a little nervous.
Wednesday, November 11, 2009
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2 comments:
If a first stimulus doesn't work you can bet a second stimulus won't. Just the ladies, they'll tell you.
Stimulus, stimuli, Democrat or Republican it no longer matters as the country is on an unalterable downhill slide to ruin..
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