Pelosi pushing for 300 billion stimulus package

[DeepBlueDem]

WASHINGTON -- Democratic leaders on Capitol Hill are drawing up plans to toughen oversight of the financial industry and considering introducing another economic-stimulus package in the wake of the government's decision to buy stakes in major U.S. banks.House Speaker Nancy Pelosi is mulling recommendations from several economists that Congress act on an economic-recovery package that would cost taxpayers $300 billion, according to congressional aides, equivalent to about 2% of the country's gross domestic product.

The California Democrat envisions a bill that would include new spending on highways and bridges, extended benefits to unemployed workers, aid to cash-strapped states and a tax cut, congressional aides said. She has asked several House committees to examine details of a possible plan. And as part of the effort, Federal Reserve Chairman Ben Bernanke is expected to testify next week before the House Budget Committee on the state of the economy. Ms. Pelosi is expected to call lawmakers back to Washington in late November to take up the issue.

With the Nov. 4 election less than three weeks away, lawmakers are eager to respond to voter concerns about the economy. The chances of a new stimulus package being enacted are likely to depend on what happens in the election and what happens to the economy. The White House and its Republican allies in Congress so far have resisted a spending-focused stimulus package.

http://online.wsj.com/article/SB122402768546534409.html?mod=article-outset-box

[im1013]

1. Speaking of TRAITORS!

Take a hike Nancy!

No....Really.


:mad:

[Hutzpa]

9. Mind explaining your demeanor toward Nancy n/t

[im1013]

10. I'm still mad at her

for gladly taking all of our votes to put her in office,
only to NOT do anything we wanted her to do.
Impeachment being one.

[avaistheone1]

2. Why don't they create some jobs to create a stimulus?

Or public works projects like FDR?

The stimulus isn't doing much of anything.

[krawhitham]

4. the spending on highways and bridges will create a lot of construction jobs

[krawhitham]

3. If we can give banks 700 Billion we can help people too

the spending on highways and bridges will create a lot of construction jobs

[DeepBlueDem]

5. Pelosi must go. She will not fit into an Obama Administration

Pelosi endorsed "THE SAME FAILED ECONOMIC POLICIES OF GEORGE BUSH"

President Obama will have a great staff surrounding him..

I sure as hell hope that Pelosi is no longer speaker and Reid as Senate Leader. These two will FUCK up an Obama administration.

[ibegurpard]

6. Some of these ideas are good

Spending money employing people to repair and replace crumbling infrastructure is a far better use of money than just sending everyone a $600 check.

[EconomicLiberal]

7. This is from Mid October. n/t

[Metric System]

8. This article is from October 15th, why is it being posted now?