Jobs: In his speech Thursday, the president is expected to announce a stimulus 2.0 package said to cost $300 billion. But why should anyone expect this to work any better than the $4 trillion in stimulus already in the economy?
When industrialist John D. Rockefeller was asked how much money is enough, his now-famous answer was: "Just a little bit more." That, apparently, is also Obama's answer to stimulus spending.
After an $830 billion "economic recovery" plan, two auto bailouts, cash for clunkers, mortgage bailouts and at least two subsequent jobs programs, Obama wants to convince the country that just a little bit more stimulus is what the economy needs to finally get back on track.
But wait a minute. Since Obama took office, the government has run up $4 trillion in deficits. And even before his newest stimulus package, he's on track to add another $973 billion next year.
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