What are the chances of a second stimulus because we need one

[Quixote1818]

Or are they going to do the second round of stimulus behind the scenes because republicans and most of the public don't understand basic economics like Hoover and wont allow another round? All I can say it it should be targeted directly like a laser at infrastructure and construction to get jobs going.

[kenny blankenship]

1. Practically zero.

You only get ONE bite at that apple. There were many warnings about that in Q1 2009. 2 trillion dollar holes in the GDP cannot be plugged with 800 billion dollar stimulus packages, half of which are tax cuts (pfft!) and much of the rest hasn't been spent yet. The warnings were ignored.

[Quixote1818]

2. Yep, I know Krugman wanted a lot bigger stimulus the first time

and he an most other nobel winning economists are calling for a second one but it seems it will be quite difficult to even bring it up. I just wonder if there are some ways to get the money out there through the back door? If this economy retracts again we could be in for a very long recession or even depression. It's getting scary because if we cant do what was done during WWII how else would be get out of another slump?

[TxRider]

6. I've heard they are talking using repaid TARP funds.

[Quixote1818]

8. Thats right, I did hear something like that. nt

[Dappleganger]

3. They need to spend the money from the first stimulus first.

[ChicagoSuz219]

9. I think that's where the so-called "Second" stimulus would come from. n/t

[TwixVoy]

4. We actually do need one

If we don't get more cash injected in to the system it will be just like the great depression when the government backed off at let it go to hell.

[Quixote1818]

5. I agree. What a lot of people don't get is if you can grow the economy the debt becomes

a smaller % of the GDP even if it goes up a little. The important thing is to make sure the economy keeps growing and we know we are out of the woods before we let up. But the money needs to go almost exclusively to infrastructure with another round.

[Subdivisions]

7. I've been following the financial crisis since Schiff first predicted it and from

what I can gather, taking in the whole picture, a second stimulus is predicted as the next step in extending what is expected to be an eventual complete collapse of the economy/financial system. It's a bittersweet pill, knowing that any extra stimulus money is simply going to be either printed out of thin air or by selling a little bit more of our national soul to China. On the other hand, it is a way to continue propping up a system that will eventually crash, affording those in the know more time to prepare. I'm in the know as well as any Joe Sixpack citizen can be, but I'm too poor to prepare in the practical sense. So, when it finally does crash, I hope I'm clever enough to get through it.

Here's a good explanation of why our current means of business is about to go all cataclysmic on us:

http://www.youtube.com/watch?v=O_TjBNjc9Bo

Keep in mind that, from what I can tell, this film goes back to at least 2008. Which means that since its production, the finanicial crises that erupted in Sep 2008 and Feb 2009 and everthing else that has occured since, is not even covered or taken into account in the film. It predicts such occurences, nevertheless.

[Quixote1818]

13. The center for economic policy research was quite critical of that movie

http://www.cepr.net/index.php/issues/iousanotok/

Here is a minute by minute viewers guide: http://www.cepr.net/documents/publications/IOUSA_viewer_guide_2008_10.pdf

[TexasObserver]

10. We need one, and I think we'll get one by mid summer.

[JVS]

11. It's not going to happen.

[earth mom]

12. Second Stimulus?! Were the people even given a real stimulus package in the first place?

Because all I remember getting is some chump change that they are gonna tax us on. :puke: