Thursday, July 09, 2009

Talk Amongst Yourselves: One Good Turn Deserves Another

Insanity: doing the same thing over and over again and expecting different results.
- Albert Einstein, US (German-born) physicist (1879 - 1955)

U.S. stimulus debate has Democrats scrambling:
the two-year package has had little impact as anxious Americans watch the country's unemployment rate surge to 9.5 percent. Obama is asking for patience and not ruled out a second spending plan.

Obama economist: US should consider second stimulus package
Laura Tyson, a member of President Obama's Economic Advisory Panel, said the current, $787 billion fiscal stimulus package "will have a positive effect, but the real economy is a sicker patient," Bloomberg News reported Tuesday. Tyson added the current stimulus package was "a bit too small."

1 comment:

Anonymous said...

i believe the stimulus has only been in effect for a few months, we all know that it will take awhile to see any positive effects anyway, and that even Obama said it would get worse before it gets better -- bland commentary for sure, but I think it is a little too soon to call it a failure...