CNN

[...] Majority Leader, Steny Hoyer, said that he would be open to another stimulus bill if it is determined that the current stimulus is not working. "Certainly, I don't think [...]

[...] including House Majority Leader Steny Hoyer and an advisor to President Barack Obama, are warming up to the idea of a second "stimulus" bill [...]

The tax payers still have money? Lets spend it quick, before they wake up.

Maybe we can all apply for jobs at the treasury to help print all the counterfiet money they are printing.

Spending more money on what? This isn't stimulating anything but creating a bigger deficit.

Larry – You just depicted the scenario INHERITED by Obama, because if you trully believe that 1 to 11 happened in the past 6/7 months... get back to your meds.
Ok, no name calling or insinuations...
The point is that you depicted many of the problems that were thrown on the President's lap the moment he became a president, because they existed BEFORE he was the president. Wether it was him, McCain or Ross Perot (was he in the ballot?) or that R Paul (the Libertarian dude) it would not matter, those problems would be there awaiting for the next guy in charge to face them.
And he is facing them.
As for a 2nd stimulus bill... MAN this guy is nuts! The ammount used from the first (and last) bill so far is about 16%. Spend, wisely, the whole 100% of the money or at least half of it (which would be a good time to realize that you might or might not going to need another bill) before you start to ask for more.

If you want to visualize where the current federal government spending policies are taking us you need to look no further than California.

Are these guys crazy???? I actually think they are. Absolute power corrupts absolutely!

Bring back bobby lee and the army of northern virginia..and no you foolish leftist weenies.mthe civil war DID NOT start over slavery..it started over the federal government telling the states what to do..READ the constitution hoyer and pelosi..closer than you read the porkukus bill..I have an idea obama..buy a house in moscow..you will fit right in over there

Does this come as a surprise, the first Obama effort although costing close to $1 trillion is the failure the republicans said it would be and so the libs, thinking the only way they know how are ready to throw another trilliion of working peoples money at George Soros, ACORN and the unions. These people are such evil, disgusting hypocrites. Support your local TEA parties and lets get these criminals in jail.

There is almost no way of confirming jobs saved or gained by the stimulus. Any talk otherwise is just hot air. What we can do is count the direct jobs being effected by the stimulus as well as documenting what has or hasn't been accomplished so far. We can also debate what can or can't be done differently. We all should know that things were going to get worse before they get better.

What is more important then all of this is determining why we got in the position we did and take action to make sure it doesn't happen again. We have not done a good job with that so far.

This time a stimulus bill should be passed with a progressive tax increase added to restore the tax rates to 1960 levels.

A stimulus bill should also include a reversal of the foreign investment tax credit that rewarded rich people that wanted to take advantage of cheap labor abroad. It's high time that we recognize that bloated executive/management compensation is the main cause of the failure of American product sales and no recovery can truly occur until we change our tax system to correct this failure.

(panem et circenses July 7th, 2009 4:49 pm ET
This is good news. It is now becoming PAINFULLY obvious that the liberals have NO FREAKING CLUE how to run a country.)

Typical GOP response. It's great that the country is tanking just as long as it's the Democrats fault. Boy, what patriotism.

Dem til death,

At our current pace, days of reckoning are coming and they will not be happy ones for fans of this administration. At the rate we are going, you are gonna have to stay in a blue state full time in the future. Otherwise, someone is gonna prove you correct about that handle.

@Mike in MN July 7th, 2009 4:55 pm ET

I love how the right blames the left for ruining the economy and then forgets that it was their guy who got us into the current predicament…

***

Ummm ... Barney Frank is a Democrat...

Liberals and tyrants go hand in hand..............they both want to control the lives of everyone.

The stimulus package might have worked if they hadn't half-a$$ED rigged it and DID NOT READ it! Of course, Obama is now claiming how it has worked by "saving jobs" – remember? he did say it would create and save jobs! The jobs that have been created are government jobs – that is not saving jobs and the unemployment rate increases dramatically monthly! Until he gets the idea of the government owing & controlling everyhing, everybody and every company, this country is going to tumble downward in a spiral that will make us all puke! This nanny state mentality he has just will not work and that has been proven time and times again. Where are the incentives to create jobs in the private sector? That's where you will see employment and SPENDING! The dumbocrats are too stupid to realize that! Obama is going to bankrupt the US and is well on the way, just like AHnold has Caleefornia.

@ Dem Til Death-

PLAN OF ACTION?

haha...my teenage son asks me for more money all the time....he has no plan, other than to squander it...just like the liberal pukes you elected....impeach them all!

The sad part is that most voters don't have a clue how badly this is going to hurt them. Already, Obama's policies are distorting behavior in a way that will make America unrecognizable.

Case in point: My wife and I are considering a divorce. Not because we don't want to be with one another, but because it will lower our tax profile and take us off of Obama and Rangel's hit list. We will save thousands by losing the "wealthy" label and the only thing that will change is our marital status. In fact, I predicted (as a tax policy scholar) that higher earning people would avoid marriage in order to avoid being labeled "rich" and getting surcharged by Obama.

Also, in case you follow these things (I do) expatriation is up. Way up. And you can't collect taxes from former citizens. So who do you think is gonna have to pick up that check? This tax lawyer says it won't be me or my kids.

Matt in MN wrote:
Just like the left forgets who has controlled congress for the last 2.5 years, and which party put in place most (not all, but most) of the policies which have led to this economic downturn…

Just like the right forgets that those policies were tax cuts without spending cuts, deregulation and trickle down economics. Who put those in place? Have a nice day!

Okay, pig brains...

First and foremost, if you want to create jobs, you have to STIMULATE new inventions, not put everyone on WELFARE.

So throw lots of money into GREEN ENERGY... sometimes, we are sooooooooooo blind... CAn you imagine Clinton stimulting the economy in the 90's by giving money to oil company? No. He gave money to new inventions...

What is actually says is many of the economists felt the first one was to small. They have been saying that ALL along. THE REASON it is smaller was because of the GOP.....So throw blame all you want but in the end 1-We are in this boat because of GOP leadership, and 2-The ONLY contribution the GOP has made is to stand around and complain, the same as you do here.

Some of these people are so bitter, no matter what Obama does they will complain (just look at the daughters going w/ him to Russia article, it's sad). I for one have grown tired of the rants, so I'm going to stop reading them. GOP is the minority now, it's the boat they put themselves into. It's nobody's fault but their own. And now it is official: their opinions no longer matter.

@ Mike in MN who said "I love how the right blames the left for ruining the economy and then forgets that it was their guy who got us into the current predicament…"
Just like the left forgets who has controlled congress for the last 2.5 years, and which party put in place most (not all, but most) of the policies which have led to this economic downturn...

OBAMA WILL FAIL.

HOW ? HOW ?? HOW ??? THE HECK ON EARTH, is our Economy going to recover when:

1………. We are importing more and exporting less. We have a big trade imbalance.
2………. Our dependence on oil is overwhelming. We do not use oil, we waste oil.
3………. Our Manufacturing jobs are all gone.
4………. Our Iron and Steel industries are all gone.
5………. Our textile industry of North Carolina is all gone.
6………. Our Auto industry is all gone.
7………. We have everything made in China.
8………. We have outsourced to India because of cheap labor.
9………. We are still spending billions on 2 wars. Wars are draining our Economy.
10………. We import nurses from Philippines.
11………. Our Construction industry is full of illegal immigrants.

OBAMA CAN DO NOTHING.
OBAMA WILL FAIL.
OBAMA HAS TO FIX 1. THROUGH 11. ABOVE TO REVIVE ECONOMY.
DEPRESSION IS COMING BY 2010.

At least the Democrats have a plan of action. All we see of Repukelicans is their incredible stupidity as voiced in these " comments". And true to opportunists of their peculiar" suck up to big business "mentality, I'm sure they're frantically busy repossessing some poor persons' house........never mind this" W' induced Depression......

"Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums. In a letter to the CEO's of both companies, Representatives Barney Frank, the chairman of the House Financial Services Committee, and Anthony Weiner warned that a 70 percent sales threshold "may be too onerous" and could lead condo buyers to shun new developments, according to the paper."

Unbelievable. These dumbocrats never learn anything.

This is promising. Based on the comments, people are finally waking up and realizing that this president and congress are driving the country towards government everything. Please remember that good-sounding rhetoric does NOT translate into good policy come the next election cycle.

LOL!! Funny how quiet the liberals are on this one!! Obama has failed already and the libs know it. This is what happens when you elect a far left community organizer turned media sensation. It's sad that most liberals just want a celebrity as a president and not someone with honor, integrity and experience.

I love how the right blames the left for ruining the economy and then forgets that it was their guy who got us into the current predicament...

I agree with the bloggers. Quit the trickle down stimulus and let it pour like rain. 14%??? Whose got the remaining 86% tied up?

Our economy has not swallowed, much less digested the debt from 2002 to 2007. Tough times are here for a long time.

This is good news. It is now becoming PAINFULLY obvious that the liberals have NO FREAKING CLUE how to run a country.

2010...

John McCain would first have to multi-task.

Hey I don't mind if someone gives me more money to spend. Send me the stimulus quickly, I'm ready!! Don't worry, send me a check and I'll spend it in two days. The government must make the banks extend credit, otherwise no new purchases. We gave the big banks our tax $$$ in exchange with a promise to lend. They bolstered their balance sheets, and some began repaying without extending credit.
The gov't should make them lend or pay a penalty and reduce their FIDC guarantee. Besides, why would you need a stimulus if you have $250,000 in the bank? The college kids say "Send More $$$."

I don't understand how Republicans can talk about the nation's debt. If you look at history, under Republican Presidents, the nation's debt has risen far more than under Democratic Presidents. You gave Bush eight years and tried to extend it by electing McCan't. Now you give Obama 6 months, WOW!!!!!!! Where was this cry out about debt when Bush was using tax dollars to fund, not a war, but friends who profit off wars?

John McCain would have this whole economy thing solved by now. Because us spoiled Americans love nothing better than instant gratification. Except driving monster trucks. Have a nice day!

Kevin in Ohio, CNN didn't let my comment through. The gist of it was, why not take the existing stimulus plan and spend the money in 5 years instead of 10? That way we get twice the bang for the buck over the next 5 years. If it works, we won't need another stimulus plan. If it doesn't work, we REALLY won't need another stimulus plan. All in all, I'm just happy that the money is getting spent in the USA for once. Have a nice day!

No! Stop! You democrats are physically ruining the USA with your extraordinary tax and spend pranks. And we realize it is all in your foolish efforts to take political control of the country for decades when the citizens are so overtaxed and poor they have to register as democrats just to get basic necessities of life.

Are you stinkin' nuts? Unemployment keeps going up... and you want to "stimulate" us some more? Take the money that is still sitting around not doing a friggin' thing and do something like drill here, drill now! Create jobs and keep our dollars from going to countries who hate us.

The Confederacy saw the future of the ever expanding government. I guess we asked for this a long time ago. Another stimulus will just bring even more dependence on our over-grown government. We need people who know how to start shrinking our debt or this country will be finished.

The stupidity of the Congress is unbelievable. No, I guess it is because they say this type of crap and there are those who belive it is a good thing. So, I guess the biggest failure is the lack of intelligence in this county at all levels. Also, the hatrid of the liberals continues.

I have an idea – where I work we have reduced the work week to 32 hours – thus reducing the income of the employees by 20%. Why don't we have the President and Congress work 20% less – give up 20% of their salaries. That is a double win – they have 20% less time to waste my tax dollars and then the 20% saved from their salaries can be used for the second stimulus package.

1.3 trillion dollars that provided no jobs and people wonder why it isn't working. How they underestimated it. And now they want more money to blow on what? Obama and these Dems are idiots without a clue as to what they are doing? The unemployment rate is 16% right now. Obama is covering up the people that have been unemployed for 6 months or more and no longer recieve unemployment insurance.

Tell these idiot spend happy dems they can't get anymore of our money and can't print any more. Also we would appreciate it if they would stop flying and partying on our dime every week and give up your salary as well. If bailout recipients have their pay cut then so should congress.

Hmmm, I don't see anyone sticking up for this guy????

Wow...... the left-wingers are finally silenced! Not one favorable comment from them...but, then, a second stimulaus package is 100% indefensible. Let the countdown to Nov 2010 begin.......

I guess because the first one is working so well, they want to compound the damage, er, um, the "benefits".

Here's a stimulus for you – suspend personal income taxes the rest of the year. Or give money to business owners that must be used to hire someone.

For some strange reason throwing more gasoline onto the fire is not putting it out???

A movement needs to be started where EVERYONE who is in office now is voted out. EVERYONE.

Yes but instead of spending, let have a government spending reduction of three trillion dollars. Let’s actually have the tax cuts needed so the private sector can recover.

You see, maybe the Confederacy had a point when they lost their lives fighting to prevent THE EXACT PROBLEMS this gigantic federal gov't is doing!

Last I heard from the WH, only 14% of stimulus money has been spent so far. Here's a thought for all you geniuses and so-called "leaders" in Washington...Why don't you spend the remaining 86% of the $787,000,000,000 and see what happens before committing to haphazardly spending billions more in a second stimulus? And next time, please read the bill before you vote on it.

because the first one worked sooooo wellllll!

Insanity is diong the same thing over and over again and expecting a different result.

You people who don't seem to make sense when you spew your garbage, please go sit down and get a dose of reality. It took 8 years to get to this level, but everyone wants everything fixed in 6 months. Now i don't believe in a second stimulus when the first has been distributed yet. but For Republicans Looking for a quick fix, that's not going to happen. But i love our chances as a nation with Obama, than mccain. And for people who dislike what he is doing so far, then state facts on how other candidates could have done it better. Because all i hear from Republicans are complaints, but no one ever states how they would combat the issues we are going through. Thanks Obama for all the work you have put in so far and will put in for the future.

Just throw another trillion that we don't have at it. Maybe China will buy more debt. The first one was such a success, lets go for seconds.

Where has all Bush TARP money gone. In the wind? Get the money to Main St. No more money for the banks & AIG. If they are too big to fail, split them up into smaller companys-then they can stand or fall on their own.

TCM – First get an Ammendment to the Consitution of the United States of America, then you can try that stunt.
But I agree with you in one point, and only this one, of your post. Anyone would actually.... 'we need competence!', of course we need.
That's why the GOP was ousted (democratically BTW) from power...

TCM,

I don't know about you, but my taxes are lower now than they were under Bush. As far as I can tell, Obama told the truth on taxes. Did we think this economic disaster would be all fine and dandy after 6 months? I do NOT want another stimulus. But it is ridiculous to think everything would be fixed already. Experts, and even Obama, said there was a good chance things got worse before they got better. In my state, the stimulus money hasn't even been spent yet. These things take time. Use your brain please.

NO NO NO NO NO. Stop the spending!!! I'm supportive of the President but enough is enough...let the enconomy correct itself.

Wonder how much pork will be packed into the second Stimulus Bill? Apparently, the small amount of pork cut from the first gets a second chance.
Bo Bo and the Clowns will soon have the banana repulblic they have always wanted.

Obama promised SHOVEL READY but has only spent 6% of the first stimulus. When will the sheep understand that Obama is a liar? They just want more money to waste on entitlement programs. $11.4 trillion dollar defecit. When will the left wake up and realize the US will be just like CA, BROKE?

We keep hearing about how Team Obama and congressional dem members are fighting the debt, but you dont spend your way out of the red to get into the black. CHANGE! Obama lands the largest budget deficit in history.

It looks like the Obama "recovery" is in full swing in the markets today. Never thought I would long for the days of Jimmy Carter, but now even Carter is looking goood.

Whats a few billion more! We will be paying so much in taxes in a few years no one will notice. Just tack a few more on to my income tax, then a little on to my fuel taxes, oh and a some to my utility bill. Oh, I forgot you already are. 2010 and counting, folks its time to wake up.

After eight years of the last administration we will need ten stimulus packages.

These are the economic wizards who spent tens of billions of dollars saving GM and Chrysler. They are working with an upside down set of assumptions and we are all footing the bill for it.

Market forces and American businesses will fix the economic problems. As much as so many people hate profitable companies...they drive the economy up. Survival of the Biggest is a dangerous mistake! Effective companies will survive and create more jobs than the government can...jobs that last more than 2 months. Stimulus is a quick, ineffective fix and a waste of money.

Not that 90% of Americans didn't realize it the first time,
but maybe this one would actually be a "Stimulus Bill"

Maybe those in the House and Senate as well as the White House will give up their pay which can then be used for the second stimulus...

Are you awake yet America? Obama clearly has no idea what he is doing. You just can't make it up as you go.

Just another step on our way to being enslaved to the "government"

Amazing. The Democrats are going to stimulate this country right into going bankrupt and the sad part is the Republicans can't do a thing to stop them.

Yes – let's keep spending money we don't have!!

Universal Healthcare, Amnesty, 2nd Stimulus Plan, Continuation of Iraq & Afghanistan, etc.

THIS is what happens when Democrats have control. Seriously – if it didn't work for the State of CA – why do democrats think it will work for the entire US????

Exactly what planet is Hoyer living on? And watch these numbers double or triple once "Cap and Trade" is passed.

Good job America, in your rush to "teach the Republicans a lesson" after Bush, you did this.

Sad – and the worst is yet to come.

One more time here. When you don't have any more money you don't spend borrowed money. How long will it take the Democrats for that to sink in?

What we need is a SECOND ELECTION...and oust Obama and his entire administration. He's lied about everything; especially taxes. He's proven himself to be totally ineffective except with a select group of radical liberals...

I vote for a second election...then, let's empty the gov't of the liberal radicals like Pelosi, Dodd, Hoyer, Rangel...ones that cannot manage fiscal responsibility....oust them all!

We need conservativism in the government, not this tax and spend mentality, we need competence!

Good, they can pass the second stimulus bill right after they finish reading the first stimulus bill.

Good one biden..$757 billion flushed down the toilet..another porkulus bill..what are we going to buy out this time..how about sears..or wal-mart..or playboy..is it true that another stimulus bill is needed because pelosi has been taking more free rides to california??what a joke..the administration under estimated the condition of the economy??..what exactly were you clowns elected for ??..what a bunch of ham and eggers..I hope all you dempukeocrats are happy now..this country is screwed..but don't forget to blame it on bush..after all,the dempukeocrats have had the majority in congress for two and a half years..and how much money has been wasted in that time??

The 1st stimulus bill was never going to work from the get go. THE MONEY NEVER TRICKLES DOWN. Amazing that those in power do not believe this. The money should have gone directly to Main Street America instead of the banks and large companies.

Good luck throwing more money at the top where the problem lies!!

YES.. the U.S. Treasury needs the printing jobs.

These people are totally nuts. God help us.

Our National Debt is 11.5 Trillion! 80% of the shrinking GDP!! Do these clowns not understand what 20% interest rates are going to do to the average American???

NO, we have not even used the first one yet.

" He said job losses have "substantially decreased" in recent months, and that the recovery package has prevented many people from being laid off from their jobs."

Again, just from this quote, this shows you how far out of touch Washington is, if he thinks job losses have "substantially decreased" this whole country is screwed. Sure, let's throw more money at something that's not working, thanks.,

These people have no discipline. I hope voters in Maryland will get a big look at this guy.

Using the same standard used on Bush, it is clear that Obama lied to the American people to get his stimulus (pork) bill passed.

The problem is that most Americans have been so dumbed down that they will never realize (or care) what the Dems are doing to this country.

When a boat is sinking, you don't save it by adding more water!!

Maybe had the first stimulus package not been filled with pork, or maybe had most of the spending came this year (instead of late 2010, 2011 and early 2012) we would be seeing more results and thus wouldn't need to even be discussing a 2nd stimulus package.

Congress dropped the ball, they saw an opportunity to get many of their pet projects funded and by labeling the bill a "stimulus package" those who questioned it where deemed wanting to see the economy and government fail.

Congress had it's shot, they failed. They shouldn't be getting a second one, and come 2010 those who voted for the porkulus package, need to answer for it.

Not good enough! Republicans want it to work TODAY. Yesterday. No - before Obama took office. No - before that. Before there was a problem.

It amazes me how the party of NO said NO to the stimulus, tried to refuse it for their states so their predictions would come true, but still passed out HUNDREDS OF BILLIONS before Obama took office with NO STRINGS ATTACHED.

Then they complain about the "control" of industry the White House is now exerting over businesses receiving taxpayer assistance.

This is how it's done. Venture capitalists don't give businesses money without CONTROL of that company with a seat on the board or the majority of shares or something, to protect their money.

Republicans want it both ways. DECADES destroying our country and economy and complaints when it hasn't been cleaned up in six months.

Are these people skimming the pot?

"In fact, we believe it is working," he said as Wall Street retreats on sliding oil prices, drag on commodity shares, second-quarter reporting period focus.

Shoudlnt we sepnd the at least half of the first package before signing on to a second package... theres a strong chance of inflation if you do too much to fast.

This is what you get when you follow a progressively corrupt media to the voting booth..., Congradulations Ameirca.