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Wednesday, July 8, 2009

Ready for Stimulus II since the first is working so great.

Obama advisor Laura Tyson brings up the need for a second porkulus bill.

The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an outside adviser to President Barack Obama.

The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration.


Not really as some Dems are warming up to the idea. To date about 10% of the first porkulus has been spent and its just not going to work, adding a second package is saying you have zero economic sense or you missed the gravy train the first time so you want to make sure you get yours this time.


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