WASHINGTON (CNN) – In wake of the new jobs report, Speaker Pelosi and other House Democratic leaders are calling on President Bush to work with Congress on another economic stimulus package.
"Today’s disturbing unemployment numbers, combined with Chairman Bernanke’s recession warning, and threats to our standard living because of the rising costs of gas, groceries and health care compels the President to work with Congress on a second stimulus package to get our economy back on track, create jobs, and speed assistance to families struggling to make ends meet,” Pelosi said in a written statement.
Pelosi added, “When congressional leaders meet with the President next week, I will urge him to refocus his attention on America’s economy and to again work in a bipartisan manner on a new stimulus package. We need to work together to restore consumer and market confidence, to assist millions of Americans threatened with the loss of their homes, and to help families meet the rising costs of necessities
House Democratic Caucus Chairman Rahm Emanuel, D-Illinois, said, “We need an economic program that rebuilds America and offers real help to the middle class. The Democratic Congress will now begin work on a second stimulus package to help American families and get our economy back on track.”
A Democratic leadership aide says House leaders have been discussing the need for another stimulus, but have not reached any decisions on what they want included in it. Some measures likely to be considered include funding for infrastructure projects, unemployment assistance, and food stamps.
A House GOP leadership aide said it’s too early to talk about another stimulus bill. “It's still a couple of weeks until the checks from the last stimulus bill hit people's mailboxes. If they [the Democrats] have ideas on things to help the economy we're happy to talk to them, but we see no need for additional legislation at this point.”
Congressional sources note that bipartisan Congressional leaders are already scheduled to meet with President Bush on Wednesday afternoon at 3 p.m. Earlier this week, Speaker Pelosi called on the President to schedule a high-level meeting on the economy soon.
From CNN Politics
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this is crazy you do understand that they will get half this money back anyway from the taxes they receive from the purchse of items people buy with this money. Then lets not forget Tax time next year I bet its counted as income possibly lowering your tax return next year.
This is an economic cycle. The economy will turn around. I don't believe the people in Washington can do anything useful about it. It's going to take a little bit of effort on the peoples part and everything will turn out ok.
President Bush+no new job+higher gas prices=2004 to2008, now really look at if it's are falt in some way where that we let him do it.! no one want's to do anything about it. not me.. I am too busy trying to find a job out there so I can feed my family, and car. maybe tomorrow will be better then today.
To Larry – YES! Please do consider impeachment and why not add war crimes and gross incompetence into the mix as well. Almost the entire federal government falls under at least one of those categories.
Leave it to the government to use the same failed solution for the exact same problem.
...or we could all ride bicycles or walk to the market when we need to pick up a few items instead of firing up the SUV.
Do people forget what Hillary has done with the Bush administration 2 years ago when Hillary did the same thing Pelosi is trying to do now???
The economic recession and turmoil that has overtaken and affected the majority of Americans is a result of George Bush, his administration, and the rubber-stamp Republican Congress (2001- 2006). We all need to remember that Sept. 11, the economic downturn, $4/ gal. gas prices, the debacle in Iraq resulting in 4,000 plus dead soldiers, and much more all happened on his watch.
He will be smirking and laughing all the way to Crawford Texas on 01/20/09.
Hmmm....CLINTON was warning the President at EVERY Turn about the Economy IN JULY LAST YEAR. EVERY TURN.
In January, she said the stimulus package was a start, but NOT enough. That ACTION HAD TO BE TAKEN NOW...not after the election.
Sorry...I would rather have Clinton in charge of the Economy any day of the week before Obama or Bush.
I am not a politician. I might not understand all, but Bush got this country here, and he did not have too much experience. So, why people think that another one with no experience will do better?
We need an experienced person to lead. Hillary is, plus Mr. president Clinton will be near by to help if needed.
Too little too late as usual from this democrat congress.
If you REALLY want a stimulus, then make Hillary the Commandr in Chief.
-Hillary and Nader, 2008
April In Texas, I agree with you.
Fix it now by putting Hillary in office.
-Hillary and Nader 2008
MY rebate check is going to be invested in my kids future , it is going straight to ( Barack Obama )
I don't think so...They are throwing money away. Most people said they won't even spend the first one, they're going to use it to pay bills or save it. All this is doing is pushing us deeper in the hole. Democrats sometimes just want way too much. Thats why after I voted for Barack I switched my party affiliation to Independent.
Does China really own us? And for the first loan for Bush's Stimuli
package we borrowed Billions for China? And how much interest
are they charging us? Are the Chinese going to buy up our repossessed homes? Oh, God Help Us!!!!
Obama for Real Change 2008. No to Edwards.
A year late and a few billion dollars short.., as usual for this pitiful 110th Congress.
Make a difference. Donate all or part of your refund check to your candidate of choice.
So much for those balance the budget campaign promises Nancy and the dems road to power on..
Uh Ohhhhh! Reality check for the mindless...
Hi Madam
I hate Bush presidency ,only people Benefit form Bush presidency Comedians
The congress approval rate less than Bush approval rate what it shows you are not doing your job properly. stop giving statements do some thing for Americans. Do you think with $600 can we pay our bills Please be practical do some thing
Bush, "What, me worry?" as Rome and Iraq burn.
Act like the Republicans would if the roles were reveresed. They would force you Democrats and the President to go on record to vote against and the President to veto a bill helping the American People. Just as they have done to you Democrats in the past.
You and Senator Reid talk a good game, but you don't walk the walk.
I don't understand what point people are trying to make when they complain people will just use the stimulus money to pay off their debts. Am I the only person who can see that having people out of debt would be a longer term benefit to the economy than blowing it at Wal-Mart? No, everyone can't pay off their debt with $600 (I know I can't) but it will really help a lot of people see the light and give them the $600 they were in debt to spend down the road. You can't just look at the here and now – that causes economic problems. Duh.
How is giving poor people money to pay their bills considered an "economic stimulus plan"? That in NO WAY stimulates ANY economy!! Call it what it is Nancy...another welfare program.