House dems eyeing another stimulus bill

[Enrique]

http://thehill.com/leading-the-news/house-dems-eyeing-another-stimulus-bill-2009-03-10.html

House Dems eyeing another stimulus bill

By Jared Allen
Posted: 03/10/09 12:55 PM

House Democrats are looking at yet another economic stimulus bill beyond the $787 billion one just enacted as investors and consumers continue to show little faith in the economy.

At a special meeting of the Democratic Steering and Policy Committee on Tuesday morning, Democrats heard again from their trusted band of economists and came away reinforced that Congress would need to spend billions of additional taxpayer dollars in the coming months to help pull the economy out its severe recession.

One proposal being considered is an additional economic stimulus bill. Just last month, President Obama signed a $787 billion dollar stimulus measure that Democrats contended was needed to save or create 3.5 million jobs and that Republicans derided as nothing more than debt spending on wasteful federal projects.

“We are going to need more taxpayer money,” Mark Zandi, the chief economist at Moody’s Economy.com and a key economic advisor to Congressional Democrats, said after the meeting. “I think another stimulus package is a reasonable assumption because of the way things are going.”

House Speaker Nancy Pelosi (D-Calif.), standing with members of her leadership team by Zandi’s side, said she agreed that another stimulus bill is being considered as an option.

(...)

[biopowertoday]

1. This was in the stars. It has been hinted at by many inclunding the WH.