House plans vote on $50 bln to stimulate economy

[Wretched Excess]

waste of time, not to mention money.  how is $50B dumped into the economy going to create a job, by the way?
or, for that matter, build a road?

I don't imagine that the congressional republicans would dare oppose it, though.

House plans vote on $50 bln to stimulate economy

WASHINGTON (Reuters) - The House of Representatives plans to debate legislation this month to inject another $50 billion of stimulus into the faltering U.S. economy, mostly with the goal of creating new jobs, a senior House Democratic aide said on Monday.

Amid fears of wider economic damage from turmoil on Wall Street, the roughly $50 billion would aim to spark needed road, bridge and other construction projects that help create jobs, with details still being worked out, the aide said.

The money also would be used to help low-income families pay winter heating bills and to extend unemployment benefits.

Early this year, a $168 billion economic stimulus measure was enacted.

Democrats also hope to include in this second economic stimulus measure more aid to states that are facing higher Medicaid health care costs.

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[thundley4]

I think tax incentives would be more beneficial than throwing cash out.

[Wretched Excess]

I think tax incentives would be more beneficial than throwing cash out.

I think just adjourning congress until after the election would be most beneficial of all.

[Chris_]

waste of time, not to mention money.  how is $50B dumped into the economy going to create a job, by the way?
or, for that matter, build a road?

I don't imagine that the congressional republicans would dare oppose it, though.

My congresscritter - Marilyn Musgrave (R-CO) - has been put on notice that if she votes for this, I've got about 100 votes in my pricinct, along with my own, that will be writing in "Mickey Mouse" in place of her name come November.

I have no tolerance left for Politics as usual.  Does it show? 

[Zeus]

If Congress was serious about economic stimulus they would make the taxcuts of 2001 and 2003 permanent.

[DixieBelle]

Sigh. If the govt could whip out the checkbook and fix the economy, we wouldn't have problems to begin with!

[NHSparky]

I'm still waiting for the last "stimulus".  Oh, wait--that's right.  I made too much so I only get to pay for it, not actually benefit from it, silly me!  Then again, the government's idea of "stimulus" at my income level (and it ain't that much, folks) is for them to shove a fist up my ass to around elbow depth.

And my mother wonders why I won't vote for Obama.