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July 7 (Bloomberg) -- The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an adviser to President Barack Obama.
The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speak.
Originally posted by Bearack
We haven't even yet felt the effects in inflation of the first stimulus since most of that money won't be spent until 2010. Now with an additional spending bill, we can see inflation reach levels never seen is US history.
Yep, good ole gallon of milk will require a second on your mortgage!
Originally posted by Matrix Rising
Once you open Pandora's Box it's hard to close. These politicians are corrupt and greedy.
Proprietary Trading May Cause October Crash: Investor,
"People will finally accept that the unemployment rates will have to keep rising, that productivity will have to keep falling," he added. That in turn will make earnings expectations "fall through the floor."