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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.

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Written by Myron

10/05/2009 at 3:00 PM

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