Another stimulus try next week?

rae · 10-10-2009, 02:07 PM

Piecemeal second stimulus? - Victoria McGrane - POLITICO.com

Piecemeal second stimulus?

Democrats and Republicans may both say they’re opposed to a second stimulus, but bit by bit they may be building one anyway.

The latest push for a stimulus sliver will come next week, as Democrats try again to get Republicans to agree to a bill extending jobless benefits.

On top of that, Georgia Republican Johnny Isakson, a former real estate agent, plans to introduce an amendment to extend and expand the $8,000 first-time homebuyer’s tax credit that was part of the $787 billion stimulus package. The credit is set to expire Dec. 1.

Extending the tax credit has significant bipartisan support, at least in its existing form. Senate Majority Leader Harry Reid and Republican Sen. John Ensign both back an extension, which is unsurprising given how hard the recession and housing bust have hit their home state of Nevada. The White House says it is considering the housing credit, along with other options, as it tries to battle the ever-rising unemployment rate.

Read more: http://www.politico.com/news/stories/1009/28140.html#ixzz0TZMMBgcT

intheknow · 10-12-2009, 09:03 AM

Just another joke on the American People. Nothing more.

Want a big stimulus? Slash taxes and regulations; Trim the size of government; Abolish the Dept. of Education and the Dept. of Energy; Open up a little bit of the country to drilling for oil. Any ONE of these would eliminate the recession.

Hey, I just did enough to win a Nobel Prize!

LandJ · 10-12-2009, 10:47 AM

Quote:

Originally Posted by intheknow

Hey, I just did enough to win a Nobel Prize!

robine · 10-12-2009, 02:21 PM

shocked that BO did not win the Nobel prize for econ.

massive sarcasm

Pearls · 10-13-2009, 06:04 AM

How can we do this with the dollar dumping? From whom will we be borrowing from? Aren't we already making the Chinese nervous?

LandJ · 10-13-2009, 06:07 AM

Quote:

Originally Posted by Pearls

Aren't we already making the Chinese nervous?

Oh heck no!! We're making them leap with glee....they OWN us now!!

10-10-2009, 02:07 PM	#1 (permalink)
rae 10000-15000 post ace of hearts Join Date: Jan 2002 Location: You can take the girl out of TEXAS... Posts: 13,156	Another stimulus try next week? Piecemeal second stimulus? - Victoria McGrane - POLITICO.com Piecemeal second stimulus? Democrats and Republicans may both say they’re opposed to a second stimulus, but bit by bit they may be building one anyway. The latest push for a stimulus sliver will come next week, as Democrats try again to get Republicans to agree to a bill extending jobless benefits. On top of that, Georgia Republican Johnny Isakson, a former real estate agent, plans to introduce an amendment to extend and expand the $8,000 first-time homebuyer’s tax credit that was part of the $787 billion stimulus package. The credit is set to expire Dec. 1. Extending the tax credit has significant bipartisan support, at least in its existing form. Senate Majority Leader Harry Reid and Republican Sen. John Ensign both back an extension, which is unsurprising given how hard the recession and housing bust have hit their home state of Nevada. The White House says it is considering the housing credit, along with other options, as it tries to battle the ever-rising unemployment rate. Read more: http://www.politico.com/news/stories/1009/28140.html#ixzz0TZMMBgcT __________________ I happen to be a proponent of single-payer, universal health care coverage. (2003) But, I don’t think we are going to be able to eliminate employer coverage immediately. There’s going to be potentially some transition process. I can envision a decade out or 15 years out or 20 years out where we’ve got a much more portable system. (2007) Barack Obama

10-12-2009, 09:03 AM	#2 (permalink)
intheknow 1000-4999 post queen of hearts Join Date: Aug 2004 Location: Sooo Conservative. Oh NO! Posts: 3,803 Blog Entries: 303	Just another joke on the American People. Nothing more. Want a big stimulus? Slash taxes and regulations; Trim the size of government; Abolish the Dept. of Education and the Dept. of Energy; Open up a little bit of the country to drilling for oil. Any ONE of these would eliminate the recession. Hey, I just did enough to win a Nobel Prize! __________________ Needed a Hero; Got a Zero. Impeach Obama!

10-12-2009, 02:21 PM	#4 (permalink)
robine 10000-15000 post ace of hearts Join Date: Oct 2002 Location: Mountaintop Posts: 18,481 Blog Entries: 1756	shocked that BO did not win the Nobel prize for econ. massive sarcasm __________________ The modern definition of 'racist' is someone who is winning an argument with a liberal. - Peter Brimelow How many Greats have become the Least for me?

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10-13-2009, 06:04 AM	#5 (permalink)
Pearls 1000-4999 post queen of hearts Join Date: Feb 2007 Posts: 1,462	How can we do this with the dollar dumping? From whom will we be borrowing from? Aren't we already making the Chinese nervous?