$787 Billion Not Enough.Obama Advisor Urges Another Stimulus Plan
158 | July 7, 2009 at 02:37 pmby
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This is a bad idea,
even as a possibility.
The deficit is already
too much and will take
decades to repay. We
do not need more debt.
The Obama administration appears to be sending mixed signals on whether a second stimulus package will be needed to pull the U.S. economy out of a deep and prolonged recession. Democrats and Republicans are expressing dissatisfaction with the impact of the $787 billion stimulus package President Barack Obama signed into law in February.
Obama economic advisor Laura Tyson says the federal government should begin crafting a second package to stimulate the U.S. economy on what she termed a "contingency basis," Tyson said.
"We are in a situation where the economic outlook is very uncertain and the risks are all on the downside [conditions could worsen]. It looks like the economy is weaker than expected. Why not begin to think about, over the next several months, whether we need a stimulus package and what it should include, so that we are ready [to act] as we get more information?"
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