A journey into Main Street economics.

White House: Don’t Call It a Stimulus

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White House rejects second stimulus label for plan

“The White House is looking at extending portions of the economic-stimulus program but the measures do not amount to a second stimulus plan, White House spokesman Robert Gibbs said Monday.”

“Gibbs said the Obama economic team was broadly looking at ways to stimulate the economy.”

Translation: We want to spend more money without the negative connotation of a “stimulus” attached to it. So now it is stimulating, but not a stimulus. Laughable man, ha!

It’s interesting that the only thing that came close to resembling a true economic stimulus, ARRA, has only managed to pay out $107 billion in the 8 months since the act was signed. Meanwhile, $296 billion in TARP funds were spent in the first 4 months of that program’s existence. Take it for what it’s worth.

Let’s wait and see what extra fluff gets thrown into this next “stimulating” package to appease everyone involved.


Written by Myron

10/05/2009 at 3:00 PM

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