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US administration mulls over new stimulus package

Britain News.Net
Tuesday 7th July, 2009

A second US stimulus package has been suggested to pull the US economy out of a prolonged recession.

Obama administration economists have said the federal government should begin crafting a second package as a contingency plan to further shore up the economy if needed.

The administration has been told it appears the economy is weaker than expected, with legislators from both sides of politics expressing dissatisfaction with the impact of the $787 billion stimulus package President Barack Obama signed into law in February.

Even though administration economists have started to suggest things aren’t going as well as expected, only two days ago Vice President Joe Biden downplayed the suggestion of more government stimulus, telling reporters that February's stimulus package, the biggest-ever federal tool to jumpstart the US economy, was the proper means of promoting growth in infrastructure projects, energy initiatives, educational programs and aid for struggling state governments.

But Republicans have been saying the fact that unemployment is continuing to mount, four months after the stimulus package was signed into law, shows that the plan was flawed from the start.

In February, President Obama said the stimulus plan would save or create more than two million jobs.

 

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Comments on this story

primalfear
07-07-09, 10:06 PM

US administration mulls over new stimulus package

Obama is ghetto, you idiots didnt really think this ethnic was a saviour did you?

Janet P
07-07-09, 10:22 PM

Idiots

All they had to do was ask me in Dec. 2008 and I could have told them what to do with our 787 billion. Joe Bidon; what a sorry loser HE is.

waltky
07-08-09, 01:51 AM

Another one? We can’t even afford the first one...
:confused:
Obama Advisor Urges Another Economic Stimulus Plan
Washington 07 July 2009 - 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?"

Tyson spoke at a conference in Singapore. Her remarks raised eyebrows among economists and political analysts, coming two days after Vice President Joe Biden downplayed the suggestion that another stimulus package is needed. “I think it is premature to make that judgment," Biden said.

Biden spoke on the “Fox News Sunday” television program. He admitted that, when President Obama entered office, the administration had “misread” the economy and how severe U.S. job losses would become. But the vice president said February’s stimulus package, the biggest-ever federal effort to jumpstart the U.S. economy, was the proper tool to promote growth.

The $787 billion package includes infrastructure projects, energy initiatives, educational programs, aid for struggling state governments and tax cuts spread over a two-to-three year period. House of Representatives Majority Leader Steny Hoyer helped craft an early version of the bill.

More http://www.voanews.com/english/2009-07-07-voa70.cfm

` ~galljdaj+
07-08-09, 07:25 AM

stimulous flawed from lil bush through to obama!!

The funny part, rather the the tragic part is republicans are playing politics of the blame game onto obama so as to gain contol once again! I believe the article refers to unemployment rising as republican proof the stimulous is not working!

Well the major problem with such a conclusionis, republicans have been getting rid of US Citizen jobs for 30 years! Doing everything they could to assist corporations in the domination of workers in america! 'Outsourcing' is and was their tool! Remember how lil bush said he was outsourcing US gOVERNMENT WORK? An example is the Merrit Badges the US Military recently was giving out are

` ~ galljdaj+
07-08-09, 09:29 AM

made in china

AND oUR LIL COWARDS ARE ATTEMPTING TO CONTROL FREE SPEECH!

Pontotoc Bill
07-08-09, 04:17 PM

` ~galljdaj+;148615:
The funny part, rather the the tragic part is republicans are playing politics of the blame game onto obama so as to gain contol once again! I believe the article refers to unemployment rising as republican proof the stimulous is not working!

Well the major problem with such a conclusionis, republicans have been getting rid of US Citizen jobs for 30 years! Doing everything they could to assist corporations in the domination of workers in america! 'Outsourcing' is and was their tool! Remember how lil bush said he was outsourcing US gOVERNMENT WORK? An example is the Merrit Badges the US Military recently was giving out are



Merrit Badges? Do you mean Merit Badges? Those belong to Boy Socuts of America, not the military, mental midget.

Outsourcing government jobs means turning them over to the private/civilian sector. Moving them out of the military into the civilian sector. They did NOT go overseas.

And your understanding of economics is lacking. The Democraps historically have given the US lousy economies, inflation, wasteful spending, and bigger deficits. Not to mention bigger government.

Try again, mental midget know as girlyjihad.

boogieman
07-08-09, 11:11 AM

Obama, where my check at?

boogieman
07-08-09, 11:13 AM

You promised me a change. I am getting a change that I didn’t anticipate. C’mon Mr. Obaba... just send me a check and I will feel better about all this change you are giving us.

boogieman
07-08-09, 11:18 AM

You promised us black folk that we would have the power to take over the world. Send me my check so I can get started.

US tax paying redneck
07-08-09, 02:23 PM

why stimulate the rich ?

If the money had been distributed to the tax payers aprox. 218,000.00 per tax payer. I would have bought a bank owned house,[helping banks]. A new GM truck[helping auto makers]. And enough left of my monthly income to afford a boat payment or ??? NOW HOW MANY PEOPLE HAVE I JUST PUT TO WORK.

US tax paying redneck
07-08-09, 02:40 PM

continue

Now everyone is employed and can afford to get off public assistance,[helping state gov]. I don’t understand why it’s so clear to millions of Americans and yet we the people have no say in gov. spending. I have a big problem with paying back a loan I didn’t borrow!!!!

US tax paying redneck
07-08-09, 02:47 PM

x 2

One terrible mistake has been made. The money is gone and 98% of us are worse off now than ever and the other 2% are richer than ever. WHY????????

Still Unemployed
07-08-09, 04:05 PM

The first plan obviously has had no effect where I live.... I would have preferred we each get a thousand dollar check since we as a country can afford a 700 million dollar stimulus that doesn’t work!! At least a check would have paid some of my bills since I still don’t have a job since being laid off a year ago!

reg373
07-08-09, 04:12 PM

Govrrnment spending...

created many jobs in the Great Depression, Hoover Dam in Nevada, for example. Some paint that as socialism, others as a wise public investment — found a cool site; Balkingpoints ; incredible satellite view of earth

secret slave
07-08-09, 04:35 PM

Refuses to correct its GDP ratings system !

salaam = peace

` ~galljdaj+
07-08-09, 05:18 PM

We have a poster that I have a bit of history on...

... , He frequently speaks glowing of himself and deminishes other posters, and uses his expertise on

` ~galljdaj+
07-08-09, 05:19 PM

We have a poster that I have a bit of history on...

... , He frequently speaks glowing of himself and deminishes other posters, and uses his expertise on

` ~galljdaj+
07-08-09, 05:19 PM

We have a poster that I have a bit of history on...

... , He frequently speaks glowing of himself and deminishes other posters, and uses his expertise on

` ~galljdaj+
07-08-09, 05:21 PM

guess where the lil coward works?

certainly its not honest!

sweet
07-08-09, 05:22 PM

second stimulus package

I will like to know why i didn,t receive a first one? and would i receive a second one because i am tax payer.

Pontotoc Bill
07-08-09, 06:28 PM

` ~galljdaj+;148683:
certainly its not honest!



4 posts in an attempt to make yourself look good? Didn’t work, girlyjihad.

You still did NOT answer my question or comment on my statement that destroyed your inane comment.

Typical libtard attack instead. Typical of girlyjihad who has NO clue to reality, even when it smacks him upside the head with a 2x4 board.

Try again, girlyjihad. But I don’t expect anything but more gibberish and nonsense.

sexy
07-08-09, 05:26 PM

second stimulus plan

we all need to receive a stimulus package because we all deserve one.

irstaxhelp.com
07-08-09, 05:49 PM

stimulus package

Need help getting your stimulus money?

We’ve been saving people!

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Tax Help Tax Help Tax Help

Bookkeeping Bookkeeping Bookkeeping

We do all this and more!, plus as certified QuickBooks ADVANCED ProAdvisor, you can’t go wrong here.

We can tell you how to DYI (the simpler stuff), or with some of the lowest prices out there with speedy and accurate service, we can do it for you.

http://www.irstaxhelp.com/

Anonymous
07-08-09, 05:53 PM

So the gloves are coming off. Seems getting a taste of your own medcine works well. Guess what you do eh comrade girlyjihad.

BUD
07-08-09, 06:01 PM

GITMO

Obama, Biden, Pelosi, Dodd, and Frank should all be sent to Gitmo and the key thrown away. This will solve our Gitmo problem and the economy put into safer hands.
Does 'change' equate to nickels and dimes? That’s all we’re going to have left when Obama is done with us.

we are the usa
07-08-09, 07:10 PM

stop hurting ourselves

When we slander,backbite,and hurt not only our former president but our present one instead of complaining start pray for a better country and help to guide our presidents, governors.congress men and women to lead us to a better life.the people in other countries see online how we talk about our leader and thinking how we are not together and bad mouth the usa. we will never get anywhere if we don’t start getting along and working together.

NOTBUD
07-08-09, 08:13 PM

to bud

Why dont you suggest throwing the Bush admin to gitmo first for bringing us where we are now. And go with them if you want too, 8 damn long years of death of soldiers and poverty!

scharr1983
07-08-09, 11:15 PM

To Taxpaying Redneck

That is the best plan I have read since, well since Clinton! Clinton got his grove on, but atleast we weren’t poor and fighting with numerous countries! And that is why I wanted HILARY! I would have loved a check for 218 grand, I definitly could have bought a nice house and vehicle with that here! We got a meesly $250.00 check from soc. sec. What happened to us? My husband was injured in that GOD DAMN WAR! I’m trying to get my degree and he’s disabled. I say again, WHAT HAPPENED TO HELPING THE PEOPLE? This country is sucking because of these asshole presidents looking out for large corporations. Screw the corporations, if it wasn’t for the people spending then there wouldn’t be those damn corporations! I could go on forever about this!

Pontotoc Bill
07-13-09, 03:32 PM

NOTBUD;148699:
Why dont you suggest throwing the Bush admin to gitmo first for bringing us where we are now. And go with them if you want too, 8 damn long years of death of soldiers and poverty!



What crime will you charge them with? What crime and what evidence?

As it stands now, President Obama is more in danger of criminal prosecution than President Bush. Fact.

Anonymous
07-09-09, 03:01 AM

Show Me The Money!

If we had all received a check we could have bought what we needed, paid our bills and stimulated the economy! I’m on Social Security Disabilty, I did receive a $250 payment, which didn’t pay for any of my needs, much the same as a working person receiving a extra $13 a week..........who are you kidding????? Let’s change paychecks for a week with a congressman!

The N
07-11-09, 12:59 AM

Old People

You old people make me laugh, and you racist’s, nobody cares about you. All you do is complain about everything obama does and say its wrong. The recession wont go away in a matter of months or whatever so dont expect it to. It will not go away on its own and thats why steps have to be taken to bring us out of this

registered
07-13-09, 03:44 PM

Actually your wrong

The N;149036:
You old people make me laugh, and you racist’s, nobody cares about you. All you do is complain about everything obama does and say its wrong. The recession wont go away in a matter of months or whatever so dont expect it to. It will not go away on its own and thats why steps have to be taken to bring us out of this



Japan had tweleve massive stimulus plans and none of them worked.
A free market corrects itself if given time and proper over site.
Throwing money at a problem has never worked excet to fatten the wrong peoples wallets!
If you step back and look at exactly what Obama is doing he is paying off his power base!
Not the working stiffs or the lazy do nothings collecting welfare checks but the moneyed lobbyists and the companies they serve.
Shame your to dense to see the writing on the walls no worries it took at least five years for the Bush supporters to wake up.
Hopefully there will be an America left when he is thrown out of office.
One
Big
Ass
Mistake
America


www.obamadeception.net

Will we even be allowed to discuss this soon?

http://www.nypost.com/seven/07112009/postopinion/opedcolumnists/gag_the_internet__178749.htm?page=0



GAG THE INTERNET!
AN OBAMA OFFICIAL’S FRIGHTENING BOOK ABOUT CURBING FREE SPEECH ONLINE


When it comes to the First Amendment, Team Obama believes in Global Chilling.

Cass Sunstein, a Harvard Law professor who has been appointed to a shadowy post that will grant him powers that are merely mind-boggling, explicitly supports using the courts to impose a “chilling effect” on speech that might hurt someone’s feelings. He thinks that the bloggers have been rampaging out of control and that new laws need to be written to corral them.

Advance copies of Sunstein’s new book, “On Rumors: How Falsehoods Spread, Why We Believe Them, What Can Be Done," have gone out to reviewers ahead of its September publication date, but considering the prominence with which Sunstein is about to be endowed, his worrying views are fair game now. Sunstein is President Obama’s choice to head the White House Office of Information and Regulatory Affairs. It’s the bland titles that should scare you the most.

“Although obscure," reported the Wall Street Journal, “the post wields outsize power. It oversees regulations throughout the government, from the Environmental Protection Agency to the Occupational Safety and Health Administration. Obama aides have said the job will be crucial as the new administration overhauls financial-services regulations, attempts to pass universal health care and tries to forge a new approach to controlling emissions of greenhouse gases."

Sunstein was appointed, no doubt, off the success of “Nudge," his previous book, which suggests that government ought to gently force people to be better human beings.

Czar is too mild a world for what Sunstein is about to become. How about “regulator in chief”? How about “lawgiver”? He is Obama’s Obama.

In “On Rumors," Sunstein reviews how views get cemented in one camp even when people are presented with persuasive evidence to the contrary. He worries that we are headed for a future in which “people’s beliefs are a product of social networks working as echo chambers in which false rumors spread like wildfire." That future, though, is already here, according to Sunstein. “We hardly need to imagine a world, however, in which people and institutions are being harmed by the rapid spread of damaging falsehoods via the Internet," he writes. “We live in that world. What might be done to reduce the harm?"

Sunstein questions the current libel standard - which requires proving “actual malice” against those who write about public figures, including celebrities. Mere “negligence” isn’t libelous, but Sunstein wonders, “Is it so important to provide breathing space for damaging falsehoods about entertainers?" Celeb rags, get ready to hire more lawyers.

Sunstein also believes that - whether you’re a blogger, The New York Times or a Web hosting service - you should be held responsible even for what your commenters say. Currently you’re immune under section 230 of the Communications Decency Act. “Reasonable people," he says, “might object that this is not the right rule," though he admits that imposing liability for commenters on service providers would be “a considerable burden."

But who cares about a burden when insults are being bandied about? “A 'chilling effect' on those who would spread destructive falsehoods can be an excellent idea," he says.

“As we have seen," Sunstein writes, having shown us no such thing, “falsehoods can undermine democracy itself." What Sunstein means by that sentence is pretty clear: He doesn’t like so-called false rumors about his longtime University of Chicago friend and colleague, Barack Obama.

He alludes on page 3 (and on page 13, and 14, and 45, and 54 - the book is only 87 pages) to the supposedly insidious lie that “Barack Obama pals around with terrorists." Since Sunstein intends to impose his Big Chill on such talk, I’d better get this in while I can. The “rumor," i.e., “fact," about the palsy-walsiness of Obama and unrepentant terrorist Bill Ayers (Ayers referred to Obama as a “family friend” in a memoir) did not “undermine democracy," i.e., prevent Obama’s election. The facts got out, voters weighed them and ruled that they weren’t disqualifying.

Sunstein calls for a “notice and take down” law that would require bloggers and service providers to “take down falsehoods upon notice," even those made by commenters - but without apparent penalty.

Consider how well this nudge would work. You blog about Obama-Ayers. You get a letter claiming that your facts are wrong so you should remove your post. You refuse. If, after a court proceeding proves simply that you are wrong (but not that you committed libel, which when a public figure is the target is almost impossible), you lose, the penalty is . . . you must take down your post.

How long would it take for a court to sort out the truth? Sasha and Malia will be running for president by then. Nobody will care anymore. But it will give politicians the ability to tie up their online critics in court.

Sunstein, trying to fair, argues that libel awards should be capped at $15,000, or at least limited for anyone demonstrating financial hardship. But $15K is the limit you’d pay to your opponent. The legal bill is the scary part, and the reason bloggers already have plenty of reason to be careful about what they say, even if they don’t much fear a libel conviction.

Sunstein dreams of an impossibly virtuous America: “We could also imagine a future in which those who spread false rumors are categorized as such, discounted and marginalized . . . people would approach rumors skeptically even they provide comfort and fit their own biases." But if his chilling wind doesn’t work, Sunstein may try to make good on the implicit threat that runs through his book: that he would redefine libel as the spread of false information and hold everyone up the ladder responsible.

If this happened, the blogosphere would turn into Pluto overnight. Comments sections would slam shut. Every writer would work on a leash shorter than a shoelace.

Sunstein is an enemy to every news organization and blogger. We should return the favor and declare war on him.

Anonymous
07-21-09, 04:35 AM

End this experiment !!

End this experiment of electing a black just because he’s black. Everybody knew he wasn’t qualified. All the blacks that never voted before and can barely read said,


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