Pelosi Says Another Stimulus Is Possible

By Harry Kimball, Newser Staff

Posted Mar 10, 2009 4:36 PM CDT

(Newser) – These days, $787 billion just doesn't go as far as it used to. A meeting of House Democratic leaders and their economic advisers today has raised the prospect of a second stimulus package, the Hill reports. “We have to keep the door open,” Nancy Pelosi said after the meeting. “The word of the day is confidence.” Economist Mark Zandi was blunter. “We are going to need more taxpayer money.”

“Another stimulus package is a reasonable assumption because of the way things are going,” Zandi said. The consensus seemed to be that the first package will not be big enough. “The risks are all on the side of under-reaching, not overreaching,” another economist said. "People aren't convinced yet that this is going to work," added Zandi.

[Images (3)]

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House Speaker Nancy Pelosi. (AP Photo)

Pelosi with House Democratic Steering and Policy Committee Co-Chairman Rep. George Miller, D-Calif. (AP Photo)

Nancy Pelosi, center, with Democratic leaders and economic experts, after an economic forum in October. The usual suspects returned for another meeting today. (AP Photo)

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We have to pay due diligence to what is next for us to do to make sure that we continue to make an advance on turning around this economic downturn. Delaying doing what is necessary is not an option we can afford. - Steering and Policy Chair George Miller

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Guest

Mar 11, 2009 5:36 AM CDT

YoMamaBeenBitin'... because she says you don't take care of your "responsibilities"

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Mar 11, 2009 4:26 AM CDT

I'm just curious what happened to supply-side, trickle-down, top-down...? I'm gonna close my eyes and pretend there's no recession because there're definitely still rich people out there. I was told trickle-down, trickle-down, trickle-down, trickle-down; a true and tested method for thousands of years.

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Mar 11, 2009 4:24 AM CDT

Ooo...more labels. I've got a whole list. I need more! Label us!

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Nancy Pelosi • Congress • recession • economist • George Miller • House Democrats • economic stimulus package • Steering and Policy Committee

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