Not content with leaving the burning corpse that is the economy alone, Pelosi calls for new “economic stimulus plan”
Posted on October 8th, 2008 by bile Tags: America, California, Congress, depression, economics, Federal Reserve, Federal Reserve System, food, food stamps, inflation, Iraq, Nancy Pelosi, recession, unemployment insurance, United StatesHouse Speaker Nancy Pelosi said Wednesday that a $150 billion economic stimulus plan is needed now because of the faltering economy and she may call the House into session after the election to pass it.
“We may have to go back into session before the next Congress,” Pelosi said.
Pelosi said a stimulus package would create jobs by investing in public works, increasing food stamps benefits and extending unemployment insurance for the long-term jobless. She said lawmakers need to “hunker down” and look closely at the federal budget for possible savings, and reconsider whether the U.S. can afford to fight “a war without end” in Iraq.
“We have some very harsh decisions to make and some of them can’t wait until January,” said Pelosi, D-Calif.
“What we can’t wait for is a stimulus package,” Pelosi added. “We may have to go back into session before the next Congress.”
Invest? No… the government doesn’t invest. It steals or borrows and spends. Public works aren’t jobs but make work projects. Food stamps and unemployment insurance increase unemployment and will help prolong the recession.
Someone needs to tie Pelosi down, A Clockwork Orange style, and make her read America’s Great Depression, The Case Against the Fed and Economics in One Lesson.
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