Tuesday, February 17, 2009
A second one. Today in Denver, Colorado, President Obama signed into law the $787 billion stimulus package that was passed by both houses of Congress last week. Now the president has not said that talks are underway for a second economic recovery package, but I find it rather ominous that it would even be brought up at a time where government spending is about to transcend the already stretched threshold. This spending does not even include the banking bailout costs, and the additional $12 billion that General Motors has just requested in federal loans to prevent bankruptcy.