Monday, November 24, 2008

Congress to Pass Bailout Sized Stimulus from Firedoglake


fdr_obama.thumbnail.jpgSchumer is talking a 500 billion to 700 billion dollar stimulus bill, spread over 2 years.  The Obama campaign is talking about 2.5 million jobs.  This is good, a very large stimulus bill is needed.

As with everything, the devil will be in the details.  There are good ways to do stimulus, such as food stamps and unemployment extensions, and there are bad ways to do stimulus, like tax cuts for the rich or giving money to corporations which aren't efficient at creating jobs.

In general, here's some of what I'd like to see in a stimulus bill, from most important to least:

rest http://firedoglake.com/2008/11/24/congress-to-pass-bailout-sized-stimulus/

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