Word: stimulus
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White House senior adviser Valerie Jarrett was adamant on Sunday, when asked if President Obama was considering a so-called second stimulus to deal with the rising unemployment rate. "I think it's too soon. It's premature to say, 'Is a second stimulus needed?' " she told David Gregory, the host of NBC's Meet the Press...
...face, the two comments sounded like a contradiction. But at the White House, there is no confusion. More stimulus is coming, but it just won't be called stimulus. Economic advisers, in concert with senior Democrats in the House and Senate, are planning additional piecemeal benefit extensions, tax breaks and other spending that could eventually add up to as much as $100 billion, say some outside experts. "The fact is that this is a word game. It isn't a discussion of the 'second stimulus,' " says Jennifer Psaki, a White House spokeswoman. "This needs to be an ongoing discussion between...
Prominent economists like Mark Zandi at Economy.com, who has counseled the White House and also worked with the presidential campaign of John McCain, say there is little doubt what is going on. "Yes, I think it's a form of stimulus," said Zandi, who has always favored a second stimulus. "This is what I always thought would happen, policymakers would take it one step at a time...
...safer, more direct source for gas and oil than either the Persian Gulf or the Horn of Africa. Energy-rich Russia has suffered from tanking oil and natural gas prices, while China has managed thus far to weather the global economic downturn thanks to $586 billion in government stimulus spending. China has taken advantage of more than $2 trillion in foreign-exchange reserves to shop for energy and mineral reserves abroad. (See pictures of Chinese investment in Africa...
...White House legislative director Phil Schiliro; Nancy Ann DeParle, head of the White House office on health reform; Office of Management and Budget director Peter Orszag; and deputy White House chief of staff Jim Messina. Emanuel and Schiliro practically lived in Reid's offices during the passage of the stimulus legislation and this will be a much harder lift. "This bill's not perfect and we have a lot of difficult work ahead of us," Obama said in Rose Garden remarks on Tuesday. "There are still serious disagreements and details ahead of us ... Now's not the time to offer...