Skip to comments.Obama renews call for more stimulus
Posted on 08/09/2011 8:46:14 AM PDT by yoe
Pummeled by ghastly economic news, President Obama called Monday for more spending and extended tax cuts that he said would help stimulate the economy but these also could deepen the deficit problems that helped the federal government earn its first-ever debt downgrade last week.
The president made the proposals as world stock market indexes were tumbling, and his remarks seemed designed to help the White House regain its political footing by resetting the congressional agenda next month. Mr. Obama said he wants the 2 percent payroll-tax cut extended into next year, the creation of an infrastructure bank by Congress to promote construction, and enhanced unemployment benefits extended for another year.
If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that Ive called for, it could mean 1 million fewer jobs and half a percent less growth, the president said from the White House, as stocks were in the midst of deep losses that would register a nearly 635-point drop in the Dow Jones industrial average. This is something we can do immediately, something we can do as soon as Congress gets back.
(Excerpt) Read more at washingtontimes.com ...
I’m all for more stimulus!!!
Cut cap gains, shutter the epa, keep zero off tv and in the white house...
Oh.. thats not HIS kind of stimulus?
like the god ol’ says of fdr. /s
so’s the l.a. times today calling for more stimulus.
He’s a One Trick Pony. The trick doesn’t even work. “Dumber than a Box of Rocks” is unkind to rocks.
Its time everyone acknowledged just what the punk's endgame is.
Wheee! Free money! Where’s mine?
Stimulus = Obama and Biden immediately resigning for their incompetence.
In related news, doctors who have been unable to cure AIDS
when applying huge numbers of leeches have renewed their
call for even more leeches, noting that this medical
technique is precisely as effective as economic stimulus.
I could write this one in my sleep. More jobs will require more stimulus, which requires more spending. Because the Tea Party personally prevented the government from borrowing enough money, taxes will have to go up. The Dems don’t really want to tax and spend, the Tea Party and George Bush are making them do it.
When the only tool in your kit is a hammer all problems look like nails...
I would like to know how unemployment benefits stimulate the economy?
if this had even a prayer of getting through the House they’d be cutting our credit rating to QQQ right now
Obama is crashing the United States on purpose.
What part of “there is no more money” doesn’t this idiot understand?
we dont need a freaking “infrastructure bank”
and we need to CUT unemployment benefits, not extend them!
He still doesn’t get it.
More spending? He’s insane.
How about the USPS mail carriers who deliver the checks to the eagerly awaiting hands of the unemployed.
Then there's plenty of work to be done administering pension programs when those bureacrats retire.
A one trick pony, and the trick isn’t good.