A question about this 'Stimulus 2.0'

[Raine1967]

Can someone please point me to where this idea came from?

I ask this in all seriousness. the media is running with this story and I simply do not know where it originated. I don't remember the WH saying it was coming, I doubt congress is proposing it. Only about 10%, to my knowledge, of the original stimulus has been released so far. And with out going into details here, that money generally is not being spent the way states were asked to spend it.

So, please, where did this idea come from?

Thank you in advance, And please --- this is not a snark post, I am really asking for help. Where is this meme coming from?

[FrenchieCat]

1. The media pulled it out of their ass

and hopes no one asks the question you are now asking.

They know Americans don't want it, especially since the media has been sure
to raise the issue about deficits for like the last 2 months.
It is their little plan to bring this President's pesky approval rating down
before any health care vote takes place.

They are, after all, the Corporate media, no matter how you slice it.

I watched a bit of Hardball today, and it was all about Obama's approval numbers
in that one poll in Ohio. Lawrence-whats-his-name was selling it hard.
Politico asshole was on talking about how this was all Obama's economy now.....
Although of course we had been warned repeatedly that the Job Numbers would get worse before
they got better.

Don't think that the media doesn't have a "plan", cause they do.
They will fail, but that doesn't mean they won't try....really, really hard.

They are, after all, the Corporate media, no matter how you slice it.

[Raine1967]

6. This has been my suspicion.

Thus -- my question.

[DJ13]

2. Christina Romer (Chairwoman to Obama's economic advisor's)

She was asked last week on CNBC if she thought another stimulus might be needed, and she said it was a possibility.

[stevenleser]

3. Steny Hoyer did too, see link:

http://news.yahoo.com/s/cq/20090707/pl_cq_politics/politics3159400_7

[FrenchieCat]

7. I love the way folks are putting words in folks' mouths.

Hoyer said, "I think we need to be open to whether we need additional action. We need to continue to focus on bringing the economy back to a place where we're not losing jobs."

Hoyer made no specific proposals for a possible additional stimulus. Others have suggested extended unemployment compensation benefits and a payroll tax holiday.

Since early last year, Congress has cleared two spending and tax cut packages (PL 110-185, PL 111-5) designed to speed a recovery from the recession that started in late 2007.

Hoyer agreed it is premature to judge whether the current economic recovery package is working. "It's certainly too early right now . . . to say it's not working," he said. "In fact, we believe it is working." He said that every economist he has consulted has told him "we have flattened out in terms of decline."

"Job loss is down substantially," Hoyer said, adding, "It's not where it ought to be."
(at your link)


Kind of like if I say we aren't saying no to anything, it means that I'm saying...yeah, let's do a 2nd stimulus.

Are we fools now?

The media pulled it out of its ass, and they are running with it, and some are falling for it....

because I guess they want the Obama admin to say.....HELL NO! No more stimulus eva!


:eyes:

[Raine1967]

11. So Steney is open to something that isn't anything the WH said?

I mean this here. There has been NO official release for this request from the WH here. This is why I asked this in the original OP.

[emilyg]

4. CNN has it, too.

[FrenchieCat]

8. CNN has "what" too?

:shrug:

[Raine1967]

19. What does CNN have?

Link? That would help also.

You see, this is what I am talking about... I am looking for where this idea originated. (I have gotten ao much help so far!)

Believe it or not, I am usually very good at knowing where an idea started -- this time I may have dropped the ball.

I don't have a problem reading CNN etc, because I know how to back track a story. So a link would be helpful.

[emilyg]

21. Link

Majority Leader open to second stimulus bill
CNN Political Ticker - ‎Jul 7, 2009‎
WASHINGTON (CNN) — House Majority Leader Steny Hoyer said Tuesday he's open to a second stimulus bill, but stressed that he believed people needed to allow ...ABC NewsObama "not ruling anything out," but second stimulus is unlikely
ToTheCenter.com - ‎8 hours ago‎
As reported by Reuters, she stated Tuesday that the country should plan for a second stimulus plan that would focus on infrastructure development. ...
NEW: GOP says White House is exaggerating effectiveness of stimulus CNN International

http://politicalticker.blogs.cnn.com/2009/07/07/house-majority-leader-open-to-second-stimulus-bill/

[FrenchieCat]

5. She was asked about a 2nd stimulus. She didn't bring it up herself.

She responded.....""we are committed to doing whatever it takes to help the economy, including a second stimulus...", responding to the question.

Here's the video. It was a CNBC interview. http://dailybail.com/home/cea-chair-christina-romer-well-do-whatever-it-takes-to-help.html


So, like I said....the media pulled it out of its ass.....and ran with an answer that has morphed into a new poll on CNN.

Who would have thunk it! :shrug:

[Raine1967]

13. Thank you so much.

This Stimulus 2.0 is a bunch of bullcrap.

All based on rumor and innuendo.

[Raine1967]

9. She said this? This is not a policy position from the WH?

Nothing official has come from the WH, has it?

[Jennicut]

10. No. Biden was asked on Meet the Press Sunday if we needed another one

and he said that was premature. Obama has never called for another one.

[FrenchieCat]

12. In otherwords, a bunch of made-up-shit by our soooooo Liberul Media.

Bunch of assholes! the lot of 'em!

[Jennicut]

15. Yes, but they always have been. How can one even think of another one when the current one

still has money to be spent?
The MSM also has decided that Obama is failing on the economy and health care will never be passed with a public option...and many are easily manipulated.
I need to get some sleep, but hang in there Frenchie :) Good night.

[FrenchieCat]

17. I believe Obama talked about this in his last press conference

June 23rd.....


Guess that was soooo long ago! :eyes:

Q: Thank you, Mr. President. If I can just return to the economy more generally. When you were selling the economic stimulus package, you talked and your advisors and economists talked about keeping unemployment below 8 percent. Last week you acknowledged that unemployment is likely to reach double digits, being 10 percent. Do you think you need a second stimulus package?


THE PRESIDENT: Well, not yet, because I think it's important to see how the economy evolves and how effective the first stimulus is. I think it's fair to say that -- keep in mind the stimulus package was the first thing we did, and we did it a couple of weeks after inauguration. At that point nobody understood what the depths of this recession were going to look like. If you recall, it was only significantly later that we suddenly get a report that the economy had tanked.

And so it's not surprising then that we missed the mark in terms of our estimates of where unemployment would go. I think it's pretty clear now that unemployment will end up going over 10 percent, if you just look at the pattern, because of the fact that even after employers and businesses start investing again and start hiring again, typically it takes a while for that employment number to catch up with economic recovery. And we're still not at actual recovery yet.

So I anticipate that this is going to be a difficult -- difficult year, a difficult period.

Q: What's the high water mark, then, for unemployment? Eleven percent?

THE PRESIDENT: Well, I'm not suggesting that I have a crystal ball. Since you just threw back at us our last prognosis, let's not -- let's not engage in another one.

Q: Does that mean you won't be making predictions ever? (Laughter.)

THE PRESIDENT: But what I am saying is that -- here are some things I know for certain. In the absence of the stimulus, I think our recession would be much worse. It would have declined -- without the Recovery Act -- we know for a fact that states, for example, would have laid off a lot more teachers, a lot more police officers, a lot more firefighters, every single one of those individuals whose jobs were saved. As a consequence, they are still making their mortgage payments, they are still shopping. So we know that the Recovery Act has had an impact.

Now, what we also know is this was the worst recession since the Great Depression, and people are going through a very tough time right now. And I don't expect them to be satisfied. I mean, one thing that -- as I sometimes glance at the various news outlets represented here, I know that they're sometimes reporting of, oh, the administration is worried about this, or their poll numbers are going down there -- look, the American people have a right to feel like this is a tough time right now. What's incredible to me is how resilient the American people have been and how they are still more optimistic than the facts alone would justify, because this is a tough, tough period.

And I don't feel satisfied with the progress that we've made. We've got to get our Recovery Act money out faster. We've got to make sure that the programs that we've put in place are working the way they're supposed to. I think, for example, our mortgage program has actually helped to modify mortgages for a lot of people, but it hasn't been keeping pace with all the foreclosures that are taking place. I get letters every day from people who say, you know, I appreciate that you put out this mortgage program, but the bank is still not letting me modify my mortgage and I'm about to lose my home. And then I've got to call my staff and team and find out why isn't it working for these folks, and can we adjust it, can we tweak it, can we make it more aggressive?

This is a very, very difficult process. And what I've got to do is to make sure that we're focused both on the short term, how can we provide families immediate relief and jumpstart the economy as quickly as possible; and I've got to keep my eye on the long term, and the long term is making sure that by reforming our health care system, by passing serious energy legislation that makes us a clean energy economy, by revamping our education system, by finally getting the financial regulatory reforms in place that are necessary for the 21st century -- by doing all those things, we've got a foundation for long-term economic growth, and we don't end up having to juice up the economy artificially through the kinds of bubble strategies that helped to get us in the situation that we're in today.
http://www.cbsnews.com/stories/2009/06/23/politics/main5107407.shtml

[Raine1967]

16. Good.

Another Thank you.
I really appreciate this.

[DJ13]

14. No, that was just her answer to the question

She left the door open, nothing more.

[Raine1967]

18. That is fine...

I just wish people would not go and take this all as scripture.

That is why I asked the question. There is NO Stimulus 2.0 . I was not sure if I was missing something here, but now I am seeing that I am not.

People are falling for a meme, also known as propoganda --

[FrenchieCat]

20. That's cause most are that stupid or are looking for an excuse to say

"I told you so" one way or another.

The Republicans are saying "I told you so, the stimulus isn't working, and by the way, Obama stinks like shit",

and the even dumber Democrats are saying, "I told you so, the Stimulus wasn't large enough,
and by the way, Obama stinks like shit".......

all the while the strength of the health care reform appears to depend on the strength of the President, and those who pretend to be on our side are so much more interested in somehow having been right with their "I told you sos" that they don't even want to or don't care to understand that they are working against their own interests (health care reform) each time they open up their fat ass on this Stimulus bullshit.

Talk about dumb and dumbass. No wonder the media tells us what to do. Hell, we still believe everything they fucking say! :eyes:

[Oregone]

22. The original stimulus was designed for an economy just under 8% unemployment as now (before kick in)

Are we at 8%? Maybe the economy needs more stimulus.

Hence: "We guessed wrong" - Biden.

You realize another bill will take 7 to 10 months to even start working. You sure you want to keep kicking this back when we now KNOW that the first stimulus was too small (as the economists warned)

[FrenchieCat]

23. Might as well purchase a hangman's noose for yourself.....

if you think that Obama can pass a 2nd stimulus and pass health care with a public option
and think that the corporate media, right hand of the GOP, will allow that.

Might as well buy yourself a shovel too.
You'll need it to dig your own grave, cause that's about the only thing
you're gonna get with your finger pointing and your "I told you sos".

[Oregone]

24. If not, we all might as well purchase a hangman's noose

And this is EXACTLY why a large contingent of people, even here, were screaming that a larger more focused, NON-Bipartisan stimulus was needed (instead of the shit they passed). Because if they had it all done in one fell swoop, we would be better off and not in this position. And just as the Obama administration ignored notable economists, people here at DU ridiculed "naysayers".

Well, "I told you so". We told you all. Now if you want to whine about political capital as the Titanic is sinking, thats your own agenda. People are suffering now. They don't have the luxury to wait this one out.

Someone needs to buy a clue.

[FrenchieCat]

25. People were going to suffer......

that was always a known....except for those who believe in Magic Fairies and Magic Negroes.

Plus, the stimulus that passed barely passed.....
but let's act like that didn't happen either.
We wouldn't want you to have ever just wanted something,
that could have happened based on the political climate.
Better if you close at least one eye while opening your mouth.

[Oregone]

27. If you basically feel people will suffer regardless, why fucking bother?

Huh? I don't get that?

If you don't want to do anything right, why bother in the first place? Hell, they will suffer anyway.

Remember, there is no reason for it not to pass. The omnipotent and omnibenevolent Democrats are in charge, right? No problem. Then passing the right thing only depends on the omniscience (which didn't quite work out this time). You aren't suggesting these powerful 60 Democrats (or was it 57 at the time?) aren't actually benevolent, right?

[FrenchieCat]

28. You talk a good game, but it ain't near any reality that I'm familiar with......

So Now, where were we? Have you contacted your congresscritters?
What about the media?

Here's some digits and such.....
(good of you...cause it sounds like you are gonna use them!)

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[masuki bance]

29. What do you want Oregone to do with your cut and paste?

Contact them and ask for a 2nd (3rd?) stimulus, that you just told him to back off of?

[FrenchieCat]

31. Ye-AH!

If that's what he really really wants, railing against the President on this site ain't gonna exactly get that done.

It ain't Obama that would have to vote on it....and I think it is CNN who's got a poll up on this, with a 72% Hell No, No 2nd stimulus!

Might as well get started now.....
and possibly, if enough folks start to do something about their displeasure,
by pressuring the media to stop slanting every fucking thing they report the way the GOP orders it,
and start pressuring the Congress to get this done, poster actually has a better chance that it could happen.....Rather then simply denouncing this President by pointing that same finger. Some folks call it activism, rather than just "doing" negativism.

That's how I see it.

and you?

PS. and Yes.....This is MY cut and paste, meaning I at least took the time to put these emails and phone numbers and links all in one post.......to make it easier for others. It wasn't as easy as it looks except to someone who doesn't appreciate it. Hope you don't have a problem with "my" Cut and paste assistance, cause if you do, I'm not sure why that would be.

[Oregone]

32. I didn't rail against your God Obama, or denounce him as you suggest

I did mention the Obama administration seemingly ignored economists who suggested a bigger stimulus was in order. Is that denouncing and railing? Wow.

Yes, I assume that on a Democratic board that involves itself with grassroots movements...if you can change minds and inform people (such as the factoid I mentioned about 8% being the estimated UE during this time), then maybe you could contribute to some type of a movement to do the right thing. Perhaps I am dead wrong. Perhaps changing minds and education is over-rated.

Fine, I get it. No second stimulus. Enjoy. Im not sure why I even try any more.

[FrenchieCat]

33. I have a God, and his name is not Obama.

Perhaps you are not really trying hard enough in changing minds.
Perhaps you are more like insulting folks.
Perhaps Education is knowing that you may not own the corner market on correct opinions.

[Oregone]

35. Sometimes it is wise to stop and heed one's own advice n/t

[FrenchieCat]

36. I'm just repeating your words.

See, I didn't give your God a name.

[Oregone]

38. Thats ok, I don't have one

I never had much use for praying, hoping, believing, wishing against all other evidence. It may help some people avoid feeling pain, but other approaches may prevent pain from reaching people at all.

[FrenchieCat]

39. Then perhaps you are your own God! Good for you.

[masuki bance]

34. It just seemed so,.. I don't know... condescending. nt

[FrenchieCat]

37. Which part?

[Oregone]

30. Im glad you have those emails together. Ill leave this one to you.

Ill contact my MP here. This is where I have to ride it out anyway, although, I really don't mind.

I can't go home. There is near 13% official unemployment in my county and Im not insured. That won't change soon.

You need to be responsible for your own environment I guess. It seems we all get the government we deserve in the end. Yes, I bitch to no end, but maybe I can open some eyes and minds. In the meantime, to the crowds who bitch and moan about taxes and debt, etc, its sad but understandable what will happen.

[Jennicut]

43. I don't see another one happening until after 2010

Anyone who thinks so needs to think about the reality...a non bipartisan one still involves Conservadems.
And I have yet to hear Obama say we need another one....Obama, the man in charge, not Rendell or anyone else.

[mkultra]

42. Since the difference is 1.5%

And the stimulus money is not a one for one suave on unemployment, this logic doesn't really apply. I see where you think you have a real handle on this but you should reconsider. The stimulus money is intended to do two things:

1) act as a cushion to prevent a complete depression
2) help speed the process of recovery(e.g. kick start)


If the peak of unemployment is higher then initially expected, the end result will simply be a slightly longer time line to complete recovery. Since the primary purpose of the stimulus is the kick start effect, passing stimulus now could very well just be a waste of money as the effects wont be seen for 9-12 months. This would put the effective target at July of 2010. under the current plan, GDP is expected to flatten this summer with jobs recovery in Q4 09 and 1Q 10.

[masuki bance]

26. Don't forget this one-

Obama economic advisor Laura Tyson says the federal government should begin crafting a second package to stimulate the U.S. economy on what she termed a "contingency basis," Tyson said.

"We are in a situation where the economic outlook is very uncertain and the risks are all on the downside . It looks like the economy is weaker than expected. Why not begin to think about, over the next several months, whether we need a stimulus package and what it should include, so that we are ready as we get more information?"

http://www.voanews.com/english/2009-07-07-voa70.cfm

[Raine1967]

40. From a link upthread:

But on Tuesday, according to news reports, Laura Tyson, a member of the president's Economic Advisory Panel, said that while the current stimulus is of an appropriate size and includes "a significant amount of investment in long-term growth," another may be necessary to put the economy on the right track. Speaking at an economic forum in Singapore, Tyson said she was expressing her own views, not the administration's position. http://news.yahoo.com/s/cq/20090707/pl_cq_politics/politics3159400_7

[masuki bance]

41. And this one-

Pennsylvania Gov. Ed Rendell (D) on Wednesday urged House members to consider another stimulus package just for infrastructure projects in order to produce more jobs.

Rendell, in testimony before the House Oversight and Government Reform Committee, said that the $787 billion stimulus passed by Congress and signed by President Obama in February will work to boost the economy.

But Rendell, also testifying in his role as chairman of the National Governors Association, called for another economic recovery package full of infrastructure projects.

"I would like to see a second stimulus devoted solely to infrastructure," he said. "It's what produces jobs, and produces orders for factories, American factories."

http://thehill.com/leading-the-news/rendell-urges-second-stimulus-with-focus-on-jobs-2009-07-08.html