Posted on 09/02/2010 5:00:11 PM PDT by Sub-Driver
White House considering emergency economic stimuli
By: Glenn Thrush September 2, 2010 07:04 PM EDT
The Obama administration is mulling a raft of emergency fixes to stimulate the economy before the midterms, including an extension of the research and development tax credit and new infrastructure spending, according to several people familiar with the situation.
Administration officials have been huddling almost continuously during the past week, brainstorming for ideas that would boost employment without hiking the massive federal deficit – with Treasury Secretary Tim Geithner rushing to the West Wing for further consultations late Thursday.
The White House press office on Thursday refused to say how much a financial package might be, other than to say it won’t be a “second stimulus.” But the administration will have a tough time selling nearly any package to terrified, Obama-phobic Hill Democrats who increasingly blame the president – and his ambitious, expensive legislative agenda – for their dismal prospects this November.
The meetings, which had Obama huddling with his economic advisers twice in the last seven days, have yielded no specific proposals. But he’s given the team a priority: find ways to pay for as many of the ideas, mostly tax breaks, as possible without a deficit increase, an administration official told POLITICO.
The R-and-D tax cut, which Congressional Democrats have already considered would, for example, be paid for by closing overseas corporate loopholes.
(Excerpt) Read more at politico.com ...
That’ll keep things afloat until 2012, huh?
0bama will never intentionally do anything good for America because anything good goes against his grain.
..............Clueless idiots.
I don’t think there is time to do anything to significantly improve the economy b4 November.
Because Porkulus was such a success.
No mention of making the Bush tax cuts permanent across the board, huh?
}:-)4
Baraq, it’s a bit late to influence the econ stats.
Going on tv and resigning might work better........
Have you ever seen a novice or poor salesman, sensing he is losing the sale, start stuttering and rambling on like a scared moron. This is the political equivalent.
Oh, who’m I kidding, I wouldn't vote for one of your cretins if they were running against the Red Army.
Slowly, their election fate is dawning on them...they can’t run on their record of increasing taxes, regulations, and failing to properly handle the containment and cleanup of the Gulf oil spill.
0bamacare is a failure. Letting the Bush tax cuts expire is a failure. 0bama’s stimulus was a failure. 0bama’s bailouts of banks, GM, and Chrysler are failures.
Now, the Dems are desperately seeking to accomplish something that they can run on in their 2010 campaigns.
...they haven’t found it yet, either.
He’s killin’ us softly with his words...and willful intentions.
Oh good grief.
Go back on vacation and stay there until 2012.
Step away from the taxpayers purse....why throw good money after bad when they have no idea what they are doing.
Like their past efforts have worked..........
This administration is nothing but one crisis after another with the solutionss being worse than the problems that they decide to solve.
The most 'no nothing' bunch we've ever had in the White House.
And I can tell you what they should say
DRILL BABY DRILL.
BUILD MORE REFINERIES.
BUILD MORE NUCLEAR POWER PLANTS AND GENERATORS.
Tell them to stop helping us. Tell them to stop paying off the unions, buying GM,
It’s too late!
You cannot turn around a paralyzed economy in 2 months! even the Coolidge and Reagan tax cuts didn’t just magically work in a few weeks.
Stick a fork in ya, Barry. In fact, go take a vacation.
Quick - where's the KY jelly?
God help us all with gung ho Obama with his hand in the purse.
Where they gonna get the money from.........
The public will just see this as another vote buying smokejob.
Preparing to announce yet another 5 year plan.
Don't even suggest it. What they'll do is send you a check for $5000 and tack it onto your taxes due next April then add late fees and surcharges.
Never before in our history has such an overwhelming number of assholes been in charge of our country and leading it.
Did anyone notice that on monday “ominous signs” made stock market fall big on mon/tue and all of a sudden some “positive” signs ramped it up 200 points on wednesday. I am not a stock person but I do think the market is being manipulated when obummer needs it’s most............
Oh Goody!!! Another CRISIS.
Now,now, the article clearly called it an EMERGENCY! :)
Soros must be buying a helluva lot of stock.
We are spending more on our domestic programs that what the next ten largest countries spend on their military combined in one year.
BOHICA
Don’t they still have left over stimulus? No more money.
That brings a smile to my face. (Come to think of it, I'm Obama-phobic too.)
The meetings, which had Obama huddling with his economic advisers twice in the last seven days,...
Poor bastard's really been hitting it hard. Perhaps he should take another vacation.
They are desperately brainstorming NOT to save America but to save their asses.
Spend spend spend more more more
anymore of his stimulus, and the economy will need a defibrillator...
Clueless liberals (as usual).
Obama's turd world radical attempt to ignite class warfare has failed. These leftwing-inspired morons never get that in America, class envy translates into motivation to improve oneself, to join the next higher SES class and not to tear it down.(except for the underclass, who have abandoned hope after 70 years of betrayal by the 'rats.)
But now they are saying it's not REALLY in a recovery so let's throw more money that we don't have to fix it AGAIN?
Call me confused!
I can't imagine anything they could do that would have a significant effect before Nov 2. And that's a good thing.
the only raft will be to give home owners a direct voucher to pay down mortgages.
The banks have disregarded the law 100%.
I had a BoA rep tell me they did not care about abiding by the requirements for my client. this was their internal policy and there were no penalties for disregarding the law.
In the early 1920’s, with the Russian economy collapsing around him, Lenin introduced his New Economic Policy...he sold it to the Politburo telling them that it was only a temporary return to the market; besides the Party would still control the economy’s ‘commanding heights’of finance and heavy industry.
Oh, please, Marxist Moron, PLEASE try another gimmick.
That’ll work.
For us.
And NEP didn’t last but a few years, after which the severe crackdown, and severe famines, began.
There is nothing they can do between now and November to save their sorry butts. If they think they can hold back the tsunami coming in November, they are sadly mistaken.
He is planning to announce The Final Solution.
Obama is an idiot.
They will call it something else.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.