Thursday, December 17, 2009

The stimulus is working, but...

The stimulus is working, but they need a lot more money.

As the House was preparing to pass a $150 billion bill for additional job creation, reporters on Wednesday evening pressed White House officials on why the country needs another fiscal boost even as the Obama administration argues that the first stimulus, with $787 billion, is doing the trick.

White House economist Jared Bernstein, stimulus overseer Ed DeSeve and press secretary Robert Gibbs assembled reporters to tout the impact of the $787 billion stimulus, saying it had helped turn the economy around even though much of its force will only start to be felt in the coming months.

But if the stimulus was working as planned, reporters asked, why were congressional Democrats and the White House talking about a new "jobs" package? After his recent "jobs summit," Obama announced that he would push for tens of billions more to jolt the economy.

The question still remains unanswered. Why is a second stimulus needed if the first one is working?

The whole point of taking this nation $787 billion in debt was to create jobs.

What was the original stimulus for, if not to create jobs?

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