"Obama Adviser Says U.S. Should Mull Second Stimulus (Update2)"


	"Obama Adviser Says U.S. Should Mull Second Stimulus (Update2)"

kris_tea

7-8-2009 6:36 AM

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7-8-2009 6:54 AM

clip-on-tie

translation: the first stimulus was an epic failure

7-8-2009 12:14 PM

dl211

so.....they'll try harder the second time....
if not, there's always that third time.

because the $787 billion approved in February was “a bit too small,”

can you imagine anyone in their right mind making that statement?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c1cc6267-748f-4ae8-be30-363f878bcfb4/0DEAF40B-C36B-430D-8C47-74041AA7B302/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ" href="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ"><SPAN class="news_story_title">Obama Adviser Says U.S. Should Mull Second Stimulus (Update2) </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.bloomberg.com/img/BD45DA82-BE26-46BA-B21D-C3A47919F009" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ"><P>     July 7 (Bloomberg) -- The U.S. should consider drafting a
second stimulus package focusing on infrastructure projects
because the $787 billion approved in February was “a bit too
small,” said <A href="http://search.bloomberg.com/search?q=Laura+Tyson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Laura Tyson</A>, an outside adviser to President
<A href="http://search.bloomberg.com/search?q=Barack+Obama&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Barack Obama</A>.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ"><P>Tyson, 62, later told reporters that the U.S. can afford
to pay for a second package, even as the <A href="http://www.bloomberg.com/apps/quote?ticker=FDDSGDP:IND">fiscal deficit</A> soars.
She said the budget shortfall is “likely to be worse” than
the equivalent of 12 percent of gross domestic product that the
administration forecast for 2009 and the 8 percent to 9 percent
it projected for next year.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ"><P>“The concern is that the U.S. will have to inflate away
its debt. I do not think that is a valid concern,” she said.
“The Federal Reserve is not going to let the U.S. government
inflate away its debt.”     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0DEAF40B-C36B-430D-8C47-74041AA7B302/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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