Obama wants 2nd stimulus - DFWstangs Forums
 
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post #1 of 20 (permalink) Old 06-01-2010, 08:33 PM Thread Starter
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Obama wants 2nd stimulus

http://www.thefoxnation.com/larry-su...s-2nd-stimulus

The Obama administration made a strong plea to Congress on Monday to grit its teeth and pass a new set of spending measures – dubbed the “second stimulus” by some economists – in order to help dig the economy “out of a deep valley.”

The call for action, which was made by Lawrence Summers, Barack Obama’s senior economic adviser, who urged Congress to pass up to $200bn (£138.9bn) in spending measures, came at the same time as Mr Obama asked Capitol Hill to grant him powers to cut “unnecessary spending.”

The combined announcements were made amid rising concern that centrist Democrats, or those representing marginal districts, might vote against the spending measures, which include more loans for small businesses, an extension of unemployment insurance and aid to states to prevent hundreds of thousands more teachers from being laid off.

The move comes at a time when last year’s $787bn stimulus is wearing off. Mr Summers argued that it would be a premature move at this stage in the cycle to move to fiscal discipline. “I cannot agree with those who suggest that it somehow threatens the future to provide truly temporary, high-bang-for-the-buck jobs and growth measures,” he said. “Spurring growth, if we can achieve it, is by far the best way to improve our fiscal position.”

Taken together, Mr Summers’s speech and Mr Obama’s announcement show an administration walking a fine line between the need to signal strong medium-term fiscal discipline and not jeopardising what they fear may be a fragile recovery.
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post #2 of 20 (permalink) Old 06-01-2010, 08:42 PM
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The first one did nothing, so let's throw some more good money after bad.

This administration has become a damn joke...

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post #3 of 20 (permalink) Old 06-01-2010, 08:57 PM
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Unions need a bailout......... is anyone really surprised?
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post #4 of 20 (permalink) Old 06-01-2010, 09:11 PM
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Hell, they were for it.... witness the recent bills full of pork. Could have cut spending then, but no.

And now, obama is against spending? I think the cold winds of the upcoming elections are blowing real hard for the dems LOL....
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post #5 of 20 (permalink) Old 06-01-2010, 10:31 PM
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If he wants some stimulus, I suggest he take his happy butt down to an adult store and get a huge piece of plastic and shove it up his ass.
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post #6 of 20 (permalink) Old 06-02-2010, 05:37 AM
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If he wants some stimulus, I suggest he take his happy butt down to an adult store and get a huge piece of plastic and shove it up his ass.
werd.

they are sinking our country guys.no doubt about it.

RON PAUL '08
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post #7 of 20 (permalink) Old 06-02-2010, 07:20 AM
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what does this stupid motherfucker not understand about spending yourself out of a hole? its not gonna happen
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post #8 of 20 (permalink) Old 06-02-2010, 09:44 AM
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the first one has not even been spent yet

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post #9 of 20 (permalink) Old 06-02-2010, 12:21 PM
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Originally Posted by cannonball996 View Post
the first one has not even been spent yet
So if your messiah hasn't had all the money spent yet, why are they asking for more?

NO NO NO, it should be DFWLS1's, CUMMINS, C6 VETTES.net
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post #10 of 20 (permalink) Old 06-02-2010, 12:25 PM
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So if your messiah hasn't had all the money spent yet, why are they asking for more?
because they are politicians and thats whats they do

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post #11 of 20 (permalink) Old 06-02-2010, 02:42 PM
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because they are Democrats and thats whats they do
Fixt
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post #12 of 20 (permalink) Old 06-03-2010, 08:59 AM
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Fixt
republicans are just as bad when it comes to wasting money

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post #13 of 20 (permalink) Old 06-03-2010, 09:53 AM
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republicans are just as bad when it comes to wasting money
Agreed.
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post #14 of 20 (permalink) Old 06-03-2010, 09:57 AM
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He could be stimulating the economy with increased defense spending, something we'll actually need after 4 years of ignoring what Venezuela, Russia, Iran and North Korea are doing.

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post #15 of 20 (permalink) Old 06-03-2010, 10:02 AM
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It's like he wakes up and thinks to himself, "What can I do today to dig this hole deeper?"
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post #16 of 20 (permalink) Old 06-03-2010, 10:09 AM
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He could be stimulating the economy with increased defense spending, something we'll actually need after 4 years of ignoring what Venezuela, Russia, Iran and North Korea are doing.
That's exactly what Ronald Reagan did, after Jimmy Carter (Obama's hero) tried his hardest to embarrass the country through his weakness and ineptitude.
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post #17 of 20 (permalink) Old 06-03-2010, 10:11 AM
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He could be stimulating the economy with increased defense spending, something we'll actually need after 4 years of ignoring what Venezuela, Russia, Iran and North Korea are doing.
actually obama has increased defense spending, and then the dems quietly snuck in another 16 billion

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post #18 of 20 (permalink) Old 06-03-2010, 03:38 PM
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republicans are just as bad when it comes to wasting money


Please don't post facts on here.
It upsets the sheep.

Republicans drove the car off the cliff and democrats had to do all of the work getting it back out of the ditch

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post #19 of 20 (permalink) Old 06-03-2010, 04:04 PM
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Most of the true obama nuthuggers have chimed in now.....except pampers.
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post #20 of 20 (permalink) Old 06-04-2010, 11:08 AM
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Originally Posted by cannonball996 View Post
the first one has not even been spent yet

That cannot be true! Mah boy B-rok just said that May was the 5th straight month of economic growth. Therefore, his porkulous must be in full effect, saving our asses.


...Either that or conservatives were right on the money when we said that this economy will repair itself without the obama/pelosi/reid express ramming bullshit through to drive the country into economical oblivion.

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