White House: No second stimulus being considered

[mike r]

Source: Reuters

The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama's team.

Obama said on Monday he and his advisers are discussing further tax cuts for businesses to help create jobs, as well as an extension of tax cuts for the middle class, rebuilding U.S. infrastructure and increasing investments in clean energy and research and development.

The Washington Post reported on Thursday that the business tax cuts could be potentially worth hundreds of billions of dollars.

"There have been a lot of reports and rumors on different options being considered -- many of which are incorrect," said White House spokeswoman Amy Brundage. "The options under consideration build on measures the president has previously proposed, and we are not considering a second stimulus package. The president and his team are discussing several options, as they have been for months, and no final decisions have been made," she said.

Read more: http://www.reuters.com/article/idUSTRE67O4WF20100902

[FiveGoodMen]

1. Guess the banks are doing fine.

[tularetom]

2. Let me guess - the deficit is more important than jobs

I'm beginning to think Bill Clinton is the SECOND best republican president we ever elected.

[depakid]

4. Billions of dollars in corporate tax cuts aren't going to help the deficit

unless you buy into Reaganomics.

[CrispyQ]

8. ...

:rofl:

[Gman]

3. They may not be considering it,

but I guarantee you they've got one in the top drawer ready to pull out if necessary.

[hay rick]

5. Fighting for the American people is not an option. nt

[Hosnon]

6. Economically and practically just stupid.

I am extremely disappointed in the administration's economic policy.

People are hurting out here. Fuck Team Obama if they call me to volunteer for 2012.

[SnakeEyes]

7. Ridiculous

The stimulus is responsible for saving and creating jobs. The problem is they haven't spent enough. We need MORE spending to get out this.

[msongs]

9. nah, the republicans wouldnt like it and we need to keep them happy first and foremost nt

[Imperialism Inc.]

10. So the first stimulus was tax cuts for the middle class and businesses,

infrastructure spending, and investment in clean energy, but doing more of that isn't a 2nd stimulus. This sounds like just a framing thing to me. The stimulus package has a bad connotation for some so this time they aren't going to call it that. The devil is in the details of course but this doesn't sound so bad.

[nashville_brook]

11. kicking for visibility

[madrchsod]

12. this is really getting pathetic..........

[Imajika]

13. So the White House isn't calling it a stimulus...

...but actually, they are considering the same thing with a different name.

"Obama said on Monday he and his advisers are discussing further tax cuts for businesses to help create jobs, as well as an extension of tax cuts for the middle class, rebuilding U.S. infrastructure and increasing investments in clean energy and research and development."

The first stimulus was tax cuts and assorted spending. What is under considering is more tax cuts and more assorted spending. Despite this headline, this story tells me that there is going to be a proposal for a second stimulus - and there should be.

[Arkana]

19. Shhhhh! Don't tell the truth! It interrupts the sackcloth-and-ashes crowd!

[chill_wind]

14. $30 billion small business lending initiative..

Gibbs: "there's only so much more than can be done."


That was 2 days ago.

Gibbs presser:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=9056886&mesg_id=9062472

[kirby]

15. White house: no second term being considered n/t

[onehandle]

16. Speaker Boehner won't let it happen anyway. nt

[Name removed]

17. Deleted message

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[Arkana]

18. We can't get a second stimulus.

Democrats are running scared because it's an election season and they're not listening to the White House. Republicans are just assholes who are not interested in governing.

Instead of shitting on Obama's head, why don't you all consider what he's up against for once.

[defendandprotect]

20. Always helps the GOP to see a white flag of surrender from White House!!

But -- that pretty much means that the public and its well-being mean little

to this administration!!