President Obama is positioning himself to introduce a second stimulus bill. However, because of the obvious failure of the first stimulus bill, this one will be called something else. Based on what he has been saying for the last week, I’m guessing it will be disguised as a job bill and will probably be introduced during his State of the Union address. If he doesn’t bring it up at the State of the Union it will be within the next month because the economy will most likely turn around this year. Because of this, Obama wants to pass something soon so he and his fellow Democrats will be able to claim credit for the economic upswing.
Dan Mitchell from the Cato Institute has made a video describing why this second stimulus bill will be detrimental for the long term health of our country and economy.
Here really nails it, doesn’t he? I guess we’ll have to wait and see if Obama announces a new “Jobulus” bill on Wednesday’s State of the Union address.
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Liberty,
They should call it the “Scamulus Bill.” My God when does this madness end? I’m not sure we are going to pull out of this by the end of the year. Great video that drives the point home.
He will only put us into more debt, waste more money, and retard financial growth more than he already has.