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Pelosi Says $150 Billion Economic Stimulus Plan Needed

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Pelosi Says $150 Billion Economic Stimulus Plan Needed House 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. Pelosi told reporters that the stock market meltdown, which has caused an estimated $2 trillion loss from pension funds, was a factor in her recommendation for a second stimulus bill. The first relief plan sent out $600-$1,200 tax rebate checks to most individuals and couples this year.

Roarman Roarman 9 years
Dublin-I saw on Fox News that they cancelled that retreat. I think it is a bad idea. We are ultimately going to be the one losing money when we have to pay this all back someday. I would just like to point out though that Democrats are not the ones who came up with the first stimulus package.
Great-Sommelier Great-Sommelier 9 years
Pelosi is out of control. Someone needs to take a good, close look at she and some of her cohorts.
Dublin62505 Dublin62505 9 years
Sure, Pelosi. Get right on it, muffin. Keep printing fiat funny money. I mean AIG is ONLY asking for ANOTHER 37.8 BILLION from the NY Fed. They burned through the 85 BILLION already given to them. Oh, and if you think the lavish retreats have ceased, think again. They have another function scheduled next week at the Ritz-Carlton Half Moon Bay. This costly shindig serves to "educate and motivate" independent agents of high-end customers.
MarinerMandy MarinerMandy 9 years
What?! Personally I think if they wanted to spend the $700 billion, they should have just written us all a check and called it good. Urg, this is the sort of misguided, crackpot economics that gives Democrats the reputation for just throwing money at problems. Lets just suffer for a little while. There's been study after study concluding that we are a nation of spoiled brats, so maybe it's what we need.
TxRdRaider TxRdRaider 9 years
OMG, We do not need another one!! Things will rebound in time!
piper23 piper23 9 years
What the hell!! Seriously. So we keep bailing out and stimulating with money that we don't even have in the first place.
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