Thats not what were doing, Pelosi said Wednesday when asked if there would be a Stimulus Two. Instead, the new spending and tax cuts will move in a series of bills, she said, instead of one big bill.
We do not have a plan for an additional stimulus package, but we do have plans to stimulate the economy, Pelosi insisted.
After trotting out a handful of economists who each backed another stimulus package, Pelosi said Democrats would consider a host of ideas to spend more money and cut taxes next year.
Pelosi said among the items discussed were a host of extensions to expiring provisions in the earlier stimulus bill including a housing tax credit and unemployment insurance, an array of programs offered by House Appropriations Chairman David Obey (D-Wis.), a push for more infrastructure spending by House Transportation and Infrastructure Chairman James Oberstar (D-Minn.), and new tax breaks for businesses.
The economists who stood with Pelosi also had ideas of their own, ranging from a new package of aid to cash-strapped states so they dont slash jobs or raise taxes to a plan to use leftover money from the $700 billion Troubled Asset Relief Program to launch a much larger effort to bolster the housing market and mitigate foreclosures and reinvigorate lending by small community banks.
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