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Another Stimulus Check? Perhaps.

Posted By Jim On 07/21/2008 @ 11:32 pm In Government | 221 Comments

Update: Here’s the latest on the second stimulus package [3].

When Democratic Presidential hopeful Barack Obama mentioned a second stimulus check [4] in a speech in early June, I didn’t think that it would actually happen. Presidential nominees do a lot of talking in the months leading up to November and I chalked the idea of another stimulus check as a short term as just that – talk.

Well, turns out that the Democrats, led by House Speaker Nancy Pelosi, want another stimulus check. As expected, the Republicans are firing back, President Bush is asking that we “wait for the stimulus package to fully kick in,” and it’s simply business as usual in Washington.

I have mixed feelings about yet another stimulus check. On one hand, I understand that there are many families on the boundaries getting squeezed by soaring fuel and food prices. On the other, I don’t think the “stimulus package” is really stimulus at all and I don’t really think a stimulus package is the solution to our economic woes. Overall, I think it’s just political maneuvering and time that would be better spent on more important issues like education, medicare care, or climate change.

At this point, it’s merely political fodder and we shouldn’t expect another stimulus check, just that there have been discussions of one. As anyone who has watched Congress work can attest to, there are plenty of discussions in Washington that lead nowhere.

Democrats plan second economic stimulus bill [Associated Press]

(Photo: daquellamanera [5])

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[3] second stimulus package: http://www.bargaineering.com/articles/second-stimulus-package.html

[4] second stimulus check: http://www.bargaineering.com/articles/second-economic-stimulus-check-obamas-economic-plan.html

[5] daquellamanera: http://www.flickr.com/photos/daquellamanera/2524351457/sizes/m/

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