Actually, I have been very supportive of a very robust stimulus package from day one. I think this economy has to have a major stimulus initiative because the only group with liquidity is the federal government.

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If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

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You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.

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The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.

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And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.

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When you stop and look at so much of the kind of activism that has been triggered, the Tea Party and the like, as a result of Obama's efforts - TARP, the stimulus package, and now the health care reform - there is a lot of sense this government is changing.

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And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.

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The real reason to oppose increasing tax rates on the wealthy is that it's a good bet they could do more to help the economy if they keep their money rather than have their earnings confiscated by the government and spent on another round of stimulus.

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Alphabetic Inspiration

When all else fails
The Economists look to
The alphabets for inspiration
Will the economic recovery be V shaped?
Yes indeed, say the very optimistic
With the stimulus package
There is only one way
That world economy can go and it is up
Not really, say the less convinced
It will probably be U shaped
The down-turn will stay for sometime
Before it slowly climbs up once more
Then come the zigzag theorists
The shape is more likely to be a W they cry
The economy having gone down
Will first go up and then down again
Before moving up with more confidence
Last but not least, are the die-hard pessimists
They believe that the mother of all depressions
Will not end in a hurry and have forecast an L shape
Meaning that, having gone down
The economy will stabilise at the current bottom
Given that the theories have so far
Centred around only four
Of the twenty-six alphabets
There is still plenty of scope for further
Alphabetic inspiration.

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Any that is why I think any kind of a stimulus package is going to have to help people who are without work, without a job, help them have health insurance.

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Economic Stimulus Package

Sounds like something will be delivered,
To appease a taste for something once desired.
But...
Will it satisfy an addiction craved?
Will a boost reduce the urge to want more?
What about those insisting more stimulation?
Should the wrappings of this package be kept,
And savored?
Will the crumbs remembered,
Induce long lasting affects?
Will there be another economic stimulus package...
Arriving after that one has exhausted its test?

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If, if more stimulus means more tax cuts to small businesses, if, if more stimulus means middle class tax cuts, then I'm for it.

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Why don't we stop the stimulus spending? There's still about $400 billion or $500 billion of the stimulus plan that has not been spent. Why don't we stop it? It's not working.

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Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.

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You know, if you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure. This stimulus bill has fundamentally gone, started out with a $500 rebate check, remember. That went to buy flat-screen TVs made in China.

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Yes. We do think that the stimulus package is raising GDP and raising employment relative to what would have happened otherwise.

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I'm not sure it's the stimulus money that will necessarily allow the economy to recover. It will help to fortify our budgets, frankly, to ensure that there isn't as much backsliding in the areas of education and healthcare, for example.

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If you increase taxes now on - at any level, it's going to make it harder to create jobs And we've lost 2 1/2 million jobs since the stimulus package passed. We're at 9.6 unemployment. So I don't think we tax too little, I think we spend too much.

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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

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But again, you know, the views that we've expressed are transferring power back from the federal government to the states, giving Alaska an incredible opportunity to expand its economy, especially at a time when our federal government is coming close to bankruptcy.So that is a broad-based appeal. It's not an extreme view.

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Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

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