Politics
Out of context: Reply #16076
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OBAMA’S PRESCRIPTION FOR U.S. ECONOMY: $200B
http://www.washingtonpost.com/bu…We’ve seen this image before: Barack Obama putting the final touches on an important economic speech calling for stimulus spending, job creation, infrastructure investment, assistance to those hit by the housing crisis and an extension of unemployment benefits.
As the president prepares to deliver a pivotal address to a joint session of Congress on Thursday, it seems like a replay of the economic agenda he outlined when seeking the Democratic nomination.
Top White House officials have long thought that significant action to bolster the economic recovery was necessary, but concluded that there was no political appetite for new spending. The significant deterioration in the economy — which is in far worse shape than the president anticipated — has made them revisit that calculation.