Here We Go Again

Pelosi leaves door open to second stimulus

U.S. House of Representatives Speaker Nancy Pelosi on Tuesday left the door open to another stimulus bill to boost the ailing economy, although economists were split over the need for one.

Last month, Congress approved a $787 billion spending plan that included money for roads and bridges as well as tax cuts for individuals and small businesses, all aimed at reversing the economy’s sharp downward spiral.

After meeting behind closed doors with prominent economists, Pelosi said that at the moment she would adopt a wait-and-see approach to a further economic stimulus, but noted that job losses would likely increase over the coming months.

“It will take a little time to get going, some of it’s already in the works, but we must give it time to work,” Pelosi told reporters flanked by economists and fellow Democrats who met to discuss the struggling economy.

“You have to keep the door open to see how this goes,” she said.

Key Democrat Prepares for Another Possible Stimulus Package

The ink from President Obama’s signature is barely dry on is first economic stimulus package, yet a top Democrat already is getting ready for another one — if it should become necessary.

Rep. David Obey, D-Wis., suggested Wednesday that although it is too early to be moving forward with a new stimulus package, he has directed House Appropriations Committee staff members to begin “preparing options” and ideas for the possibility of another bill to revive the ailing economy.

See also:
Nancy Pelosi open to second stimulus package
Pelosi: Second Stimulus Might Be Needed
Romer: Too Early to Tell if We Need a Second Stimulus
Democrats draw up plan for second stimulus bill
Cantor open to second stimulus
Republicans oppose more stimulus spending
GOP blasts second stimulus idea
U.S. Posted $192.78 Billion Total Budget Deficit in February
Budget deficit reaches $765B in 5 months
U.S. February Budget Deficit Widened as Revenue Fell
Budget Deficit Soars To $756 Billion As Government Spending Adds Up

So, apparently they’re admitting that the first trillion dollar Porkapalooza was a gigantic waste of money we don’t even have, that won’t do anything to stimulate the economy.

/the Democrats are totally out of control, what part of we’re broke don’t they understand?