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Speaker of the House announces plans of introducing new stimulus package

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posted on Oct, 14 2008 @ 11:57 AM

Congress could return later this year for a lame duck session later to consider a new multi-billion dollar stimulus package to help "rebuild America," Speaker of the House Nancy Pelosi said Monday. At a news conference at the US Capitol following an economic forum held by congressional Democrats and economic advisers, Pelosi said House committees would begin a series of hearings to explore a possible a second stimulus package worth around 150 billion dollars.
Pelosi, the top lawmaker in the House, added that if Congress does not rally behind a stimulus package to spur a recovery effort, "we will be losing jobs."

Wow more of our money being given to the government ...

Pelosi, the top lawmaker in the House, added that if Congress does not rally behind a stimulus package to spur a recovery effort, "we will be losing jobs."
But Blunt, the House Minority Whip, added that a package shouldn't be "an excuse to do what Democrats have wanted to do from day one of this Congress, which is a huge public works plan."
Congress, Blunt said, shouldn't be "bailing out states who spent a lot more money than they should have."

This should be an interesting topic in Congress considering the Dem's are for it and the Repub's aren't...

House Republicans on Monday objected to any new spending measures in a new stimulus drafted by Democrats.

In a letter to Pelosi, top Republican lawmaker John Boehner described the package as "an irresponsible, business-as-usual approach that has earned this Congress the lowest approval ratings ever recorded."

Boehner wrote: "Nothing being discussed will ease the uncompetitive nature of our nation's tax rates."

"Nothing being discussed will bring a single dollar of private capital into our markets, which would help stabilize and restore American families' savings and retirement accounts."

"And nothing being discussed will help small businesses compete and thrive."

Well i really don't know what to think the last stimulus package that was put into effect kind of gave the U.S. a boost, but we all know what happened to the economy recently .... i don't know ....

this is just a side note, but it seems to me that if this doesn't go through ... that there could possibly be a war starting up soon because that would be the only thing that really boost the economy all around .... idk when just seems like this is all alluding to something .....

posted on Oct, 14 2008 @ 11:59 AM
This is already being discussed here:

posted on Oct, 14 2008 @ 12:02 PM
reply to post by SEEWHATUDO

my bad i guess i searched for the wrong words haha

posted on Oct, 14 2008 @ 12:03 PM
reply to post by baseball101

It's all good, everybody does it

I just thought you might want to contribute to the other thread because it might get more views.

posted on Oct, 14 2008 @ 12:08 PM
The problem with the last stimulus package is that it did not reach down and stimulate the people who are the poorest. If you earned less than 8 thousand dollars taxable income, you did not get stimulated. WTF?

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