House Democrats, concerned that rising energy prices will erase the benefit of the tax rebates sent to more than 100 million households this year, said they are weighing plans for a second economic stimulus proposal.
``We will be proceeding with another stimulus package, and we once again hope we will work in a bipartisan way,'' House Speaker Nancy Pelosi said after House Democratic leaders met with a group of economists to discuss the spreading housing crisis and rising gas prices.
Pelosi and other House Democrats said a second stimulus package would probably include more spending for roads and other infrastructure, expanded unemployment benefits, home-heating assistance for low-income families and some aid for states struggling with budget deficits.
Plans for the stimulus legislation are taking shape as Democrats are also racing to approve the Bush administration's proposed rescue plan for Fannie Mae and Freddie Mac by early next week.
Bush said today he would prefer to wait to see how the $168 billion economic stimulus measure passed in February affects the economy. ``We're always open minded to things, but we'll see how this one works,'' Bush said.
His wait-and-see approach got a boost from Federal Reserve Chairman Ben S. Bernanke, who testified to the Senate Banking Committee.
``On a second stimulus package, my own sense is that we are still trying to assess the effects of the first round,'' Bernanke told the Senate Banking Committee today. ``It appears that it does seem to be helping, but it might be yet a bit more time before we fully understand the extent to which additional stimulus may or may not be needed.'
The first one didn't work, why the FUCK would you want to put together a second one? We borrowed money to fund the "stimulus" checks in the first place, so now you want to put us MORE in debt?? Are you out of your fucking mind?
Do you not understand how economics works? People over extended themselves a few years ago, and now they are having to pay for it. Tough shit. Those who stuck to fiscal responsibility are doing just fine. Those that didn't shouldn't get dime one from the government or me.
You're essentially saying that it's ok when everyone makes stupid fiscal decisions, that we make another stupid decision and make things worse.
And then they wonder why they have single digit approval ratings. Morons.
Travis
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