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Pelosi Open To Second Stimulus Package

From the Congressional Quarterly:

Pelosi Raises Prospect of Second Economic Stimulus Package This Year

By Phil Mattingly, CQ Staff

March 10, 2009

Speaker Nancy Pelosi opened the door to the possibility of another stimulus plan — or bank rescue — following a Tuesday meeting with dozens of Democratic members that was attended by a panel of four prominent economists.

Mark Zandi, the chief economist for Moody’s Economy.com, told reporters after the meeting that the $787 billion stimulus package signed into law in February might not be the last move by Congress to deploy taxpayer money to save the economy.

“Another stimulus package is a reasonable possibility,” said Zandi, a key consultant for Democrats on the economic stimulus packaged (PL 111-5), cleared by the Senate Feb. 15. And, he added, “more money for the banking system is likely, very likely.”

Asked by a reporter if she agreed with Zandi’s assessment, Pelosi said: “I do.”

The overarching message members were given at the meeting on the economic situation, Pelosi said, was that initial actions of the 111th Congress have been effective.

“I think it’s important not to lose sight that the policy response to date has been very good and very aggressive,” Zandi told reporters…


Wouldn’t this be the third or even the fourth?

But who’s counting?

This article was posted by Steve on Tuesday, March 10th, 2009. Comments are currently closed.

41 Responses to “Pelosi Open To Second Stimulus Package”

  1. GL0120 says:

    Maybe if she got more stimulation at home she’d go easier on the country?

  2. Right of the People says:

    Would you want to stimulate THAT?

  3. beautyofreason says:

    I can’t stand this lady. This administration is spending like there’s no tomorrow. If they can do this much in about a month what will the next four years be like?

  4. From that picture, it looks like she isn’t used to that kind of contact. Of course, now that I’ve said that, SG is gonna change the picture, making it so my comment doesn’t make any sense :-)

  5. russ51 says:

    Well of course they need another stimulus package to work on…

    The banks, industries and even individuals know a soft touch when they see one…

  6. Colonel1961 says:

    ‘…the policy response to date has been very good and very aggressive.’ As measured against what? And by whom?

  7. U NO HOO says:

    Maybe Botox is a threshold drug, once you get past a half smile you go all the way.

  8. U NO HOO says:

    “The government is confiscating $2 billion worth of economic stimulus checks to pay for back taxes, defaulted student loans, and overdue child support, according to a report in USA Today.”

    Sounds good to me.

  9. wardmama4 says:

    I have to ask what is going to stop these people? What is it going to take to have Joe America (ok, Jane America too) to stand up (and preferably) in unison say NO?

    I’m way past that point been writing to my pathetic bunch of no goods since Shamnesty days – as I felt We The People were finally heard – but I have to admit – with a life, school and a garden to start planting – I too have dropped off since the loser election. Now I’m represented by two juvenile idiot bullies and a Demlite who announced his retirement (and to his credit, since then has voted No most of the time – it is a shame he finally grew a backbone at the end).

    Two TARPS and a Generational Theft Act followed by a Theft Act Jr budget and now this insane clown posse bunch are going to attempt another Generational Theft Act – what the he!! is left to steal?

    God help America – a tad bit of ‘history’ making is going to destroy us, if We The People don’t stand up soon.

    • catie says:

      I don’t know but I think a lot of people are starting to get fed up and may finally stand up to these goons. Ms. Pelosi is an absolute idiot who has lost what brain cells she had to botox.

    • BillK says:

      I’d agree with you if it weren’t for the fact that Obama’s poll numbers remain high.

      Recall the majority of the sheeple like what he’s doing (“at least he’s trying, not like Republicans giving tax cuts to the rich.”)

      People just don’t understand economics, and the 99% of people who’ve never run a business never will.

    • Rusty Shackleford says:

      Several problems with that. Not that it isn’t in and of its own a very sound concept. But, problem number one: The MSM. Not only will they NOT report a mass of conservatives protesting anything the annointed leader does, but the monkey-crats will ignore it, therefore telling the rest of the massed that “it therefore never happened”.

      Problem two: Conservatives are, by their very nature, very tolerant people. We may be frustrated and can recognize the elephant in the room pretty much all the time, but our patience is our own downfall. By looking at the emotional and oh-so-reactive liberal democrats, one can easily see how they get their way, time after time. Conservatives can put up with just so much incessant whining and that’s where our patience runs short and liberals know that.

      We appease them to shut them up.

      However, as we have learned…while at first it DID shut them up some 40 years ago, they now whine louder especially when they get their way.

      I do believe though that it will take some time before a large enough group of conservatives stands up, stands eyeball-to-eyeball and in the way of said liberals. For one thing, they are violent as much as they are vitriolic. Ask anyone about the “peace-loving whale humpers” who would gladly kill a person to save a whale. And, perhaps, this is why they identify with radical muslims who kill almost randomly in order to get their way.

      The disconnect is almost complete as I’ve never seen a nation so divided ideologically since Vietnam. And with that in mind, perhaps those in congress are pining for the days when they had a legitimate “cause” such as it was, and wanted to bring down “the man”. Nothing worse than a “Hippie Without A Cause”…(opening soon at theaters near you).

      And, they know that the under 30 crowd of today is so ripe for the picking as they are spoiled little brats who’s parents have taught them that above all else, feel GOOD about yourself. Unfortunately, all that’s gotten us is people to watch on court TV and the neverending cycle of “American Idolitis”; “Reality” TV and the largest number of false victims since who knows when.

      So they pander to the illegitimate unearned feelings of anger towards society that they think owes them a house, a car, an education, a life a job and ……happiness. I think it was Hemingway who said that “happiness, like every elusive thing on Earth, has to be chased, won and captured…set free and chased again”. I dunno, maybe it was me who said that thinking it was Hemingway.

      In any case, to get a ton of conservative thinkers to rally and actually behave like the hippies we despise is a tall order. I’m not saying it WON’T or CAN’T happen…I’m just saying that for a conservative to get really, truly fed up takes awhile. We pride ourselves on self-control, responsibility and being able to correctly assess a situation and really dislike flying off the handle and being reactive. Although it sets us diametrically opposed to liberals, it can be our undoing in situations just like this and liberals know this.

      However, I can see the day when there assembles a large enough group of us who stand there and collectively apply our middle finger to our cheek and aim it straight at Washington.

      I hope it happens. Otherwise, we could be in for three terms of “the president who never was”.

      Maybe we’ll have our own Blutarsky get up and scream…”Who’s with me? AAAAGGGGHHHHH”.

      But for the moment, we are simply frustrated….all to the delight of the raiders of the federal system.

    • proreason says:

      “Conservatives are, by their very nature, very tolerant people”

      More than that, Americans are by nature tolerant. It took a lot to drag us into WWII. It took a lot to counterattack the islamofacists.

      It will take a lot to create an uprising against shysters who have plotted for decades to prey on ignornance to enrich themselves. They patiently captured education and the press. Now they have millions more than willing to sell votes for pennies and impossible promises.

      But there are some signs of a reversal already. Kramer, Buffet, Jack Welch, Finneman. The greedy conmen couldn’t even wait a month to overreach and people with brains are pealing off.

      That’s why we see the Great Obamahoma Radical Land Rush….they know that every day, somebody else wises up to the con.

      What we really need are 2 things:
      – somebody as articulate as Newt or Rush, but with a pristine history and able to endure attacks from rabid wolverines (maybe Mark Sanford).
      – (unfortunately) more woe that can be specifically connected to the radical agenda of the Left

      If things get bad enough, and we get someone who can stand up to the press, we can get the country back.

      And I sure would like to see Newt, Sanford, Romney, Sarah, Jindal and Huckaby get together and hammer home a consistent message with one of them on Fox and other networks every single night. That group isn’t far apart in ideology and would be formidable working in concert.

    • Yarddog1 says:

      I think that Nancy Pelosi donated her brain to science before she got through using it. She is an elitist pig just like the rest of the occupiers of the nations capitol. I, too, believe that if the real producers do not stand up and say “enough is enough” and rid ourselves of this oppressive and self-serving group of idiots that we will lose all freedoms that we have left.

  10. DGA says:

    You know what? Go for it, who the hell cares anymore. There is no possibility that this amount of money will ever be repaid, so, go ahead you morons, spend all you want, I give up. All this debt will be carried forever by generations to come, and these creeps just aren’t listening to us. So go ahead, make it ten trillion, twenty, whatever. Just know that your number is up next election cycle because of it.

  11. canary says:

    This is a moment of total unprofessionalism by the speaker of the house in public. Would Zandi have kissed Obami, in this manner, raising his cheeck to Zandi? Her smile is frozen. Don’t think botox could make her eyes look in a state of shock 24/7.

  12. Gladius et Scutum says:

    SG – That is simply the best use of photo and highlighting I’ve seen in a long, long time. :)

  13. VMAN says:

    I wonder if she’d be open to a frontal labotomy? that would save us all allot of trouble.

  14. Gladius et Scutum says:

    I think the first pokulus/spendulus/spendiferous bill was pretty sucessful. It expanded federal power enormously, without denting the sense of panic or unemployment it was studiously contrived to avoid. Since its goal was the accumulation of political power, I’d say it was sucessful.

    My district leans GOP but was captured by the Dems when the GOP failed to show up (long story). The democrat voted for the “stimulus” package, and apparently got her ears burned, because she was suddenly all over explaining what a good thing it was. She then voted against Obama’s budget. “It does not represent fiscal responsibility”. Jeez… Grew a brain in two weeks? Nah.. phone won’t stop ringing. I wrote her a letter (never e-mail anything you want read) praising her good sense.

  15. TwilightZoned says:

    Considering the first stimulus bill really doesn’t stimulate the economy now it makes perfect sense we’d need additional money. (wink, wink)

  16. Zilla says:

    Saw this comment on a story about Pelosi’s constant abuse of military aircraft. I thought it summed things up pretty well.

    “159 years ago California became a state, had no electricity, no money, almost everyone spoke Spanish, and there were gunfights in the streets. It was basically exactly like it is today, except the women had real breasts and the men didn’t hold hands.”

  17. Anonymoose says:

    This is akin to a kid who’s taken out his first credit card and is amazed at all the cool junk he got for “free.” So now he’s ready to take out another card because he can handle it, he knows what he’s doing, but this is before his first payment is due. Fast forward a few years and most the junk is gone and the kid is struggling on payments. That is unless he does the easy out and takes bankruptcy…..

    Seriously, the whole idea of a “stimulus” is bad idea. It would better to find what’s ailing the economy and fix it, if money is going to be spent it should be in investments that will pay back. But hey, if they think a short term boost is good, why not keep boosting? By the time it all comes due I think these people are planning to be retired and care-free anyways.

  18. crosspatch says:

    I suppose as long as they never actually stimulate the economy with these bills, they can keep going back for them as many times as they want. And the worse things get, the more people will likely go along.

    We have become an idiocracy.

    Oh, and wasn’t the last “stimulus” bill not set to be spent until 2010? Seems to me they are queuing up all the spending to bust loose just before Congressional elections next year.

  19. BillK says:

    But Christina Romer says we don’t need another stimulus package!

    She downplayed calls for a second economic stimulus, saying this one is big and needs to be given time to work. Although her estimate that it will save or create 3 million to 4 million jobs is less than the 4.4 million jobs already lost, she said the stimulus “is only one of the things we’re doing. … We think the totality of the program is exactly what the economy needs.” …



  20. U NO HOO says:

    “Michigan schools set to win big in stimulus”

    Say what?

    • The schools don’t win. The state has to keep up certain spending to get the money anyhow, and it will take away from other areas.

      Shell game.. A LONG time ago the Lottery came in to give ALL profits to schools, so what did the state do? Cut out general fund obligations. LOL

      Its all a convoluted mess, and this evil woman pads her own bank account at our expense. Part II will mean more $$ for her looter friends. EVIL has a name.. it is Pelosi.

  21. Right2thepoint says:

    Now for the important points.

    The Stimulus bill that just passed has most of its funding not even start to flow until 2010.

    You can bet the second or Stim 2.0 version will hit at the same time.

    What you will end up with is conservative taxpayers funding a massive pork shower mostly to the left side states just before the 2010 mid term elections.

  22. Political_Chick says:

    All I have to say is this: Give the Dems a shovel and they’ll gladly dig us deeper into debt. Notice they keep putting up these astronomical spending bills- I refuse to call these greasy bacon bills ‘stimulus’-, knowing we’re going to have to pay the piper one day in the form of taxes.

    …oh yeah that’s right! A lot of Dems don’t even pay their taxes! Wow, glad they don’t have to worry about the monetary burden they’re giving the rest of America. I can sleep better at night knowing Pelosi can have her jet and fly it too.

    P.S- I just joined Sweetness & Light, but I’ve been a frequent reader of the news columns. Wonderful site!

  23. brad says:

    She has pronounced it “effective” even as the economy and stock market get worse.

    If a lawyer says it’s so, it is so.

  24. kmac813 says:

    Seems like we owe a lot to Mr. Zandi. They seem to fall on his every word – can we please find out how to get our congress to listen to more than one economist.

    ATTEND A TEA PARTY – we need to start letting our Congressmen and women know that enough is enough – no way to do this but GET OUT THERE and promise them you will do whatever it takes to get them out of office.

    THIS INCLUDES THE 40% of REPUBLICANS that voted for the Omnibus –

    I’VE HAD IT!

  25. nuthingbettertodo says:

    ‹^› ‹(•¿•)› ‹^› Nancy!

  26. Reality Bytes says:

    WHERE’S MY GOD DAMN PLANE?!!! – Her Highness, Nance E. Pelosi

  27. Rusty Shackleford says:

    New children’s rhymes

    Ring around the rosie,
    I’ve had it with Pelosi.
    She took our cash
    that pain-in-the-ass
    and treats us all like monkeys

    Knick-Kack Paddywhack
    give ol’ Frank a bone.
    Cuz if you’re poor
    or a Wall Street whore,
    he’ll still give you a loan.

    Catch Obama by the toe
    Truth or lies we’ll never know
    let this moron huckster go!

  28. yellarcan says:

    Why does the photographer always snap a shot of Nasty Pelosi farting? This is one ugly, crotchety OLD broad!

  29. TickTock says:

    If Nasty Nancy would fly her broom more often it would save us all some dough, silly old witch.

    She’s used so much botox she can’t even blink anymore. She resembles the Joker more every day.

    One more face lift and she’ll have to bikini wax her chin… Bada Bing!

    It’s time for the pitchforks and torches, folks.

    Welcome aboard, Political_Chick. The more the merrier! This IS a great site…

  30. proreason says:

    Great bumper sticker and good advice:

    “Buy nothing until he’s gone”

  31. Reality Bytes says:

    Take a look at this!

    The resemblance is striking! OK – she had some work done. A little off the nose, lost the wort & BAM – It’s Speaker Pelosi! Now! If we can just find her broom, we could save the tax payers a lot of money.

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