NYT: Back door Obama stimulus plan?-To cut UI by 1%+ as liberal think tanks hail tax deal

[Politics_Guy25]

Wow. For those of you unaware, the NYT stands for the New York Times.

Snippet:

Initial estimates by economists suggested that the overall legislation would reduce the unemployment rate by one-half a percentage point to a full point over the next year, compared with allowing all the tax cuts to expire and passing no new stimulus. By the end of 2012, the decline could be up to 1.5 percentage points, economists said.

On the other hand, the unemployment rate will still probably be near 8 percent by the end of 2012, when the current package expires, and the two parties will get to have this fight all over again.

Snippet 2:
And left-leaning policy experts said the package did more to create jobs than they had thought possible after the Republicans’ midterm election victories. Robert Greenstein, Lawrence Mishel and John Podesta — who run prominent Washington research groups that range from liberal to staunchly liberal — all offered praise for the package. Of its estimated $900 billion-plus cost over two years, roughly $120 billion covers the high-end tax cuts and the estate tax cut, $450 billion covers Mr. Obama’s wish list and $360 billion covers the tax cut extensions both parties favored.




http://www.msnbc.msn.com/id/40560734/ns/politics-the_new_york_times/

[xultar]

1. What? No. Back door stimulus my ass. I don think the old stimulus is all spent

The foreclosure thing stunk too.

[FrenchieCat]

2. The foreclosure thing helped a lot of people......

but maybe not enough for your taste?