Question by suthrnlyts™: Is the White House planning another stimulus payout?
White House senior adviser Valerie Jarrett was adamant on Sunday, when asked if President Obama was considering a so-called second stimulus to deal with the rising unemployment rate. “I think it’s too soon. It’s premature to say, ‘Is a second stimulus needed?’ ” she told David Gregory, the host of NBC’s Meet the Press.

But a moment later she said the White House was already looking at tax credits and other measures to further stimulate the economy. “There are a range of suggestions that are being considered right now by his economic team, and we’ll see what we come forward with,” she added.

On its face, the two comments sounded like a contradiction. But at the White House, there is no confusion. More stimulus is coming, but it just won’t be called stimulus.

In other words, the new stimulus efforts, which are still under discussion, are unlikely to be packaged into a single bill, which would be politically unpopular. An August Gallup poll, for instance, found that 65% of Americans opposed a “second stimulus” and 51% thought that the Federal Government “should spend less” than it is currently spending on stimulus. And that opposition is likely to grow after the announcement on Oct. 16 that the federal deficit for the fiscal year that just ended hit $ 1.4 trillion, which, at almost 10% of the total economy, represents the largest share since the end of World War II.

http://www.time.com/time/politics/article/0,8599,1930932,00.html

Is this a case of: just don’t call it a stimulus package and people will never even know!?

And is this just more of the “transparency” that we’ve all become accustomed to from this administration?

When responding, keep in mind that I’m not a Bushbot. Thanks!

Best answer:

Answer by Yishka Bedishka
Is Daddy Warbucks donating the money or China?

Know better? Leave your own answer in the comments!

Question by Міша: Are the Obamacare and Wall Street “reform” even more embarrassing than the state of economy?
According to this article, Democratic Party’s leadership advise Democratic nominees to talk about “jobs” rather than the hard-passed new laws, that the Democrats are — supposedly — so proud of.

http://www.latimes.com/news/nationworld/nation/la-na-dems-august-20100809,0,6906697.story?track=rss

<>

Given that the “efforts to fix the economy” remain a dismal failure, with unemployment, in particular, remaining about TWICE HIGHER than during Bush’s post-Clinton recovery (slammed by pelosis et al at the time as “jobless” http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104×282552 ), does not this mean, the top Democrats now consider the much-vaunted Obamacare an even bigger embarrassment?

For once I agree with them. Don’t you?

Best answer:

Answer by Alan
The biggest embarrassment I have come accross is the fact that Americans do not know a thing about their own President. Is he a Christian or a Muslim? Is he a Kenyan or an American? Was he born in Kenya or in Hawaii? Ask a hundred Americans and they all have a different answer. If that is how educated Americans are, then there is no hope of fixing the economy or anything else for that matter.

Add your own answer in the comments!

American Fluorescent Economy Narrow Wrap white metal ends – LW217R8 Price Comparison
Die-formed, rigid, pre-finish, white steel housing Clear prismatic or smooth white diffuser Diffuser hingers from either side for easy mounting Stem, continuous or individual mounting Available in 120V electronic R8 residential or E8 commercial grade…

Lighting New York	$ 58.95 + $ 0.00 shipping
NovaLightingStore.com	$ 58.95 + $ 0.00 shipping
LightBulbEmporium.com	$ 65.50 + $ 7.89 shipping
Bellacor	$ 33.00 + $ 0.00 shipping

ON GLOBAL WARMING, CORPORATE GREED AND UNEMPLOYMENT RATE IN USA

1)                     The Pandora’s box was already kept opened. You need not take credit for it nor share blame for the it.

2)                     I am not a geologist and I don’t claim to be an intellectual. A common citizen of India and I know my limitations. From what I have heard, what I have read, what I have seen and what I have experienced and still experiencing in my daily life I have come to certain findings and as long as these findings are not contradicted by somebody, unfortunately your comments are not found to be satisfactory, I can very well stick to my findings.

3)                     As I have already pointed out I am not a geologist and don’t have a doctorate, you may take on well-known environmental activists like Nobel laureates Rajendra Kumar Pachauri, Al-gore the former Vice-President of USA who is very much in USA and Lord Nicholas Stearns who has conducted a wider, intensive, in-depth study of the consequences of Global warming. ‘Yeah’, I do agree certain differences of opinion notwithstanding, you are also conscious of the harmful effects of Global warming.

Kamalesh Sharma, the Secretary General of  Common Wealth in his article “Considerations before Common Wealth”, just days before a meeting of Common Wealth countries in Port-of-Spain- his words I quote: “ For some, our homes are under an existential threat: that of climate change. The most threatened are those who have done the least to bring us to this pass. Witness flooding in Maldives, Kiribati, Tuvalu and Bangladesh; encroaching desert in Namibia and Nigeria; thawing tundra in Canada; drought in Kenya and Australia; five times more hurricanes than usual in the Caribbean.”

4)                     Recently I came across an article in one of our national dailies about an widespread campaign by certain corporates by paying attractive incentives to their employees for writing blogs against environmentalists who fight for Global warming by spreading absurd, baseless and illogical lies against the “so-called Global warming”. These corporates will have certain vested interests to pocket dollars caring two hoots for the welfare of the future generation.

5)                     On my arguments against mega-hydro electric project along Narmada Sarovar citing the displacement of large number of Dalit farmers without providing them rehabilitation facilities, you talk eloquently about the necessity of electric supply to the rural poor. Amusing really. Poor as well as well as rich are entitled to power. You remain silent about the displaced lakhs without being provided with a rehabilitation package. This is not the only case with Narmada Sarovar and the Dalit farmers. The Tehri Dam construction led to similar situation, there also displacement of lakhs to nowhere created uncontrollable refugee problems. The hapless ones with their belongings moved to urban areas across India, even to Delhi, our Capital. This is not my figment of imagination. The argument I am driving home is nothing but the need for basic sanitation facilities, pure drinking water, at least two square meals a day and power supply. But the first and foremost is a roof over the head.

6)                     I am not against any American. If such misunderstanding flashed through your mind in the course of reading, I feel sorry. And I didn’t  boast about the so-called hard-working Indians. I mentioned the IT graduates who work hard day in and day out to earn their living. As you had pointed out, barring a minority of government servants (I am not perfect either) are lazy. It is for the ruling regime to blame to a large extent and the bitter experiences you had undergone during your higher studies, the inordinate delay in getting the sanctioned scholarship for not greasing the palms of the ‘babus’ in government offices, working without pay for months together are touching, to say the least. This is not one person’s problem, it was here and it is here, and only God knows when will such a curse going to be revoked.

Sorry I have deviated from the point.

7) Outsourcing of IT work in good measure to India by the business tycoons and amassing huge amounts with arrangements with the IT barons of India who also benefit a big chunk from them by paying a pittance to the IT graduates. The ‘unprecedented prosperity’ and the ugly secrets behind it were brushed under the carpet by the ruling mandarins of USA. But a few investment bankers and corporates were anticipating the impending bubble-burst and inspite of these anticipations paid their CEOs huge bonus packets. The earth-quaking consequences of the collapse of American economy due to the corporate greed due to Market-Economy advocacy of the then President George W Bush and Federal Reserve Chairman, Alan Greenspan have come to the surface to the shock of all nations, developed and developing alike across the world.

I had already indicated that I am not against any American and the anger and outburst of President Barack Obama against the corporate CEOs for paying fat bonuses to themselves and the young employed youth playing truant by indulging in video games was very much in the news. At the time of his occupying White House, American economy was in a downward spiral and even the talk of protectionism came to the fore which if implemented would have affected India badly. Now the unemployment percentage has reached double-digit level and Nobel laureate Paul Krugman writes columns repeatedly asking for an additional stimulus package to keep the economy going smoothly. As you put it, a lady working in the ‘so-called capitalist nation has the right to talk frankly and with conviction is not abhorrent to the Indian psyche’. India’s educated, enlightened women are on the war-path for more rights and welfare of women – their demands are umpteen. Yeah, they are lagging behind USA in many aspects, it is due to the culpability of the successive governments that ruled our nation since 1947. It seems, though an Indian, particularly a Malayalee, in a remote corner of your mind, you have some kind of hatred towards this nation. Be that as it may.

Related The White House And Economy Articles

Question by gws35: Is the White House admitting two years have gone to waste on the economy, because of bad advice?
Top economic adviser to leave White House
“President Barack Obama’s top economic adviser, Lawrence Summers, plans to leave the White House at the end of the year, a move that comes as the administration struggles to show an anxious public it’s making progress on the economy.

“While administration officials Tuesday quickly sought to paint the announcement as an expected development, Summers’ departure shakes up an economic team that has been under fire for its handling of the recovery. It’s also a team already in transition following the recent departures of other high-profile Obama advisers.”

So finally the White House is admitting what we have been saying all along – that the White House economic advisors don’t know what they’re doing and they need to be fired.

Well, I guess the past two years have all gone to waste now, but the president will PROMISE the next guy will be better.

So is the president now admitting he screwed up?

Best answer:

Answer by maxmom
People leave. I think there are those who have been urging Obama to change his economic team.

The reason the GOP and TP are not talking specifics is that no one really knows what to do right now.

Give your answer to this question below!

American Fluorescent Economy Square Edge Cloud – MAR432R8 Best Prices
Configuration:Wide Rectangle, Ballast:Residential Electronic, Light Bulb:(4)32w T8 Med Bi-Pin Linear Fluor A square-edged floating cloud for the more economically-minded. Features a molded White acrylic diffuser and Lift and Shift design for easy…

Lighting New York	$ 206.55 + $ 0.00 shipping
NovaLightingStore.com	$ 206.55 + $ 0.00 shipping
LightBulbEmporium.com	$ 229.50 + $ 7.89 shipping
Bellacor	$ 229.50 + $ 0.00 shipping

ON GLOBAL WARMING, CORPORATE GREED AND UNEMPLOYMENT RATE IN USA

1)                     The Pandora’s box was already kept opened. You need not take credit for it nor share blame for the it.

2)                     I am not a geologist and I don’t claim to be an intellectual. A common citizen of India and I know my limitations. From what I have heard, what I have read, what I have seen and what I have experienced and still experiencing in my daily life I have come to certain findings and as long as these findings are not contradicted by somebody, unfortunately your comments are not found to be satisfactory, I can very well stick to my findings.

3)                     As I have already pointed out I am not a geologist and don’t have a doctorate, you may take on well-known environmental activists like Nobel laureates Rajendra Kumar Pachauri, Al-gore the former Vice-President of USA who is very much in USA and Lord Nicholas Stearns who has conducted a wider, intensive, in-depth study of the consequences of Global warming. ‘Yeah’, I do agree certain differences of opinion notwithstanding, you are also conscious of the harmful effects of Global warming.

Kamalesh Sharma, the Secretary General of  Common Wealth in his article “Considerations before Common Wealth”, just days before a meeting of Common Wealth countries in Port-of-Spain- his words I quote: “ For some, our homes are under an existential threat: that of climate change. The most threatened are those who have done the least to bring us to this pass. Witness flooding in Maldives, Kiribati, Tuvalu and Bangladesh; encroaching desert in Namibia and Nigeria; thawing tundra in Canada; drought in Kenya and Australia; five times more hurricanes than usual in the Caribbean.”

4)                     Recently I came across an article in one of our national dailies about an widespread campaign by certain corporates by paying attractive incentives to their employees for writing blogs against environmentalists who fight for Global warming by spreading absurd, baseless and illogical lies against the “so-called Global warming”. These corporates will have certain vested interests to pocket dollars caring two hoots for the welfare of the future generation.

5)                     On my arguments against mega-hydro electric project along Narmada Sarovar citing the displacement of large number of Dalit farmers without providing them rehabilitation facilities, you talk eloquently about the necessity of electric supply to the rural poor. Amusing really. Poor as well as well as rich are entitled to power. You remain silent about the displaced lakhs without being provided with a rehabilitation package. This is not the only case with Narmada Sarovar and the Dalit farmers. The Tehri Dam construction led to similar situation, there also displacement of lakhs to nowhere created uncontrollable refugee problems. The hapless ones with their belongings moved to urban areas across India, even to Delhi, our Capital. This is not my figment of imagination. The argument I am driving home is nothing but the need for basic sanitation facilities, pure drinking water, at least two square meals a day and power supply. But the first and foremost is a roof over the head.

6)                     I am not against any American. If such misunderstanding flashed through your mind in the course of reading, I feel sorry. And I didn’t  boast about the so-called hard-working Indians. I mentioned the IT graduates who work hard day in and day out to earn their living. As you had pointed out, barring a minority of government servants (I am not perfect either) are lazy. It is for the ruling regime to blame to a large extent and the bitter experiences you had undergone during your higher studies, the inordinate delay in getting the sanctioned scholarship for not greasing the palms of the ‘babus’ in government offices, working without pay for months together are touching, to say the least. This is not one person’s problem, it was here and it is here, and only God knows when will such a curse going to be revoked.

Sorry I have deviated from the point.

7) Outsourcing of IT work in good measure to India by the business tycoons and amassing huge amounts with arrangements with the IT barons of India who also benefit a big chunk from them by paying a pittance to the IT graduates. The ‘unprecedented prosperity’ and the ugly secrets behind it were brushed under the carpet by the ruling mandarins of USA. But a few investment bankers and corporates were anticipating the impending bubble-burst and inspite of these anticipations paid their CEOs huge bonus packets. The earth-quaking consequences of the collapse of American economy due to the corporate greed due to Market-Economy advocacy of the then President George W Bush and Federal Reserve Chairman, Alan Greenspan have come to the surface to the shock of all nations, developed and developing alike across the world.

I had already indicated that I am not against any American and the anger and outburst of President Barack Obama against the corporate CEOs for paying fat bonuses to themselves and the young employed youth playing truant by indulging in video games was very much in the news. At the time of his occupying White House, American economy was in a downward spiral and even the talk of protectionism came to the fore which if implemented would have affected India badly. Now the unemployment percentage has reached double-digit level and Nobel laureate Paul Krugman writes columns repeatedly asking for an additional stimulus package to keep the economy going smoothly. As you put it, a lady working in the ‘so-called capitalist nation has the right to talk frankly and with conviction is not abhorrent to the Indian psyche’. India’s educated, enlightened women are on the war-path for more rights and welfare of women – their demands are umpteen. Yeah, they are lagging behind USA in many aspects, it is due to the culpability of the successive governments that ruled our nation since 1947. It seems, though an Indian, particularly a Malayalee, in a remote corner of your mind, you have some kind of hatred towards this nation. Be that as it may.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of
Commerce, announced today that total July exports of $153.3 billion and imports of $196.1
billion resulted in a goods and services deficit of $42.8 billion, down from $49.8 billion
in June, revised. July exports were $2.8 billion more than June exports of $150.6 billion.
July imports were $4.2 billion less than June imports of $200.3 billion. Full Text

View full post on U.S. Bureau of Economic Analysis

Personal income increased $30.0 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.6 billion, or 0.2 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In June, personal income decreased $2.7 billion, or less than 0.1 percent, DPI decreased $0.2 billion, or less than 0.1 percent, and PCE decreased $4.0 billion, or less than 0.1 percent, based on revised estimates. Full Text

View full post on U.S. Bureau of Economic Analysis

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.6 percent in the second quarter of 2010, (that is, from the first quarter to the second quarter), according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.7 percent. Full Text

View full post on U.S. Bureau of Economic Analysis