White House dampens stimulus expectations

[and-justice-for-all]

Source: Reuters

WASHINGTON (Reuters)- President Barack Obama's aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually.

Obama is due to sign the bill passed last week by Congress in Denver on Tuesday. It was the first major legislative victory of his young presidency, which could rise or fall with its success or failure.

"There will be signs of activity very quickly," David Axelrod, the White House senior adviser, said on "Fox News Sunday." "But it's going to take time for that to show up in the statistics. The president has said it's likely to get worse before it gets better."

White House spokesman Robert Gibbs used similar language on CBS' "Face the Nation."

Read more: http://news.yahoo.com/s/nm/20090215/bs_nm/us_usa_stimulus

[FrenchieCat]

1. Headline should read...."White House stresses reality again on public's Stimulus Expectations"....

But of course, that headline is too long and too exacting!

[mediaman007]

3. Title should read: White House Stresses Reality on Media's Stimulus Expectations!

[FrenchieCat]

5. Aye! I like yours better.

:toast:

[rpannier]

2. When did he ever say that the effects would be instant?

All I've ever heard him say was that we're in a big mess and it's going to take a lot of time and a lot of work to get us out

[Pirate Smile]

4. This is the same thing they have been saying. What a crappy headline - as usual.

[mike_c]

6. they're acknowledging that it's too little too late....

eom

[scytherius]

7. He's been saying that from the beginning

I wonder if headline writers made it out of High School.

[Deep13]

8. I think it's going to work.

We might have to do additional things, though.

[Skink]

9. White house now needs to slip as much stimulus into the budget as possible.

That thing that can't be fillibustered. I think Krugman et al have done a huge favor in telling us this won't do it. Obama has the people behind him now so he can start jamming things through like Bush did for 6 years without even getting out of bed.

Budget then save the freakin planet.

[Deep13]

10. If I were religious I would say "amen to that."

:thumbsup:

[The Brethren]

11. "not to expect instant miracles "

I don't, and didn't to begin with and esp. since I first stared reading about the orig. House version in the news. And then when I actually started to read the different versions for myself.....and am stilling reading given the size of the bills.

But, I do know that our government will be very happy with this bill since it includes text and funding to "stabilize" our government which is not part of stimulus bill. It is however, exactly what our government's annual fiscal budget is for. Perhaps they should have called this the "2009 fiscal-budget-plan-with extras".




The Stimulus Plan ("American Recovery and Reinvestment Act of 2009"): Orig. House version -- http://appropriations.house.gov/pdf/RecoveryBill01-15-09.pdf , House spreadsheet -- http://spreadsheets.google.com/ccc?key=pV-c6t5fOVmNorqMpHvnCMw ; Senate version -- http://appropriations.senate.gov/News/2009_02_02_The_American_Recovery_and_Reinvestment_Act_of_2009.pdf ; and Senate compromise -- http://www.govtrack.us/congress/billtext.xpd?bill=h111-1 , Text and $$$ details of Senate compromise -- http://appropriations.senate.gov/News/2009_02_08_UPDATED_Appropriations_Provisions_of_American_Recovery_and_Reinvestment_Act.pdf?CFID=4043629&CFTOKEN=40573040 in addition to -- http://readthestimulus.org/amdth1.pdf ; along with -- http://www.readthestimulus.org/ .