Speaker Pelosi Ready For Another Stimulus… If It Becomes Necessary
The Democrats just passed their latest $410 billion dollar spending bill with 8,000 earmarks and already there is discussion on Porkulus III.
The ink from President Obama’s signature is barely dry on is first economic stimulus package, yet a top Democrat already is getting ready for another one — if it should become necessary.
Rep. David Obey, D-Wis., suggested Wednesday that although it is too early to be moving forward with a new stimulus package, he has directed House Appropriations Committee staff members to begin “preparing options” and ideas for the possibility of another bill to revive the ailing economy.
“It’s premature to talk about a second stimulus package. That doesn’t mean that we shouldn’t be thinking and preparing options for the time when it may become necessary,” said Obey, chairman of the committee.
If lawmakers were to passed a new stimulus package, it would mark the third time in a year and the second since Obama took the reins of power in January.
While senior Democratic aides were quick to talk down the prospect of a another stimulus Wednesday, given concerns that Americans may be experiencing “spending fatigue,” the story has gotten a bit out of their hands in the last 24 hours.
First, House Speaker Nancy Pelosi, D-Calif, said at a news conference Tuesday that Democrats are patient for the current package to work but open to another spending plan if necessary.
“It will take a little time to get going, some of it’s already in the works, but we must give it time to work,” she said. “You have to keep the door open to see how this goes.”
At the same event, two economists advising the Democratic caucus acknowledged that Obama’s initial stimulus plan is likely to produce a “disappointing” number of jobs and that a second recovery plan may be necessary.
Related… Pelosi made repeated requests for military aircraft for her private trips. She was peeved when they were not available.
More… Democrats erased Obama’s name from the earmarks he sponsored into the spending bill.