No 2nd Stimulus... Except There Really Is

Nobody likes the stimulus package. It's unpopular because the economy is worse now than it was before the stimulus was passed... and it's worse than the "this-is-what-you'll-get-without-the-stimulus" predictions that were made.

Recently, there's been a bit of speculation on a second stimulus. This is an unpopular idea, and the White House and most of Congress have all said no second stimulus is coming. But it really is, you know... they're just doing it a bit at a time and not calling it stimulus.
http://news.yahoo.com/s/time/08599193093200;_ylt=AvNxnnHs68z5aBJiWcA0CtKMwfIE;_ylu=X3oDMTJqZjJoY2xxBGFzc2V0A3RpbWUvMjAwOTEwMTkvMDg1OTkxOTMwOTMyMDAEY3BvcwM1BHBvcwM1BHNlYwN5bl90b3Bfc3RvcmllcwRzbGsDaXN0aGV3aGl0ZWhv

White House senior adviser Valerie Jarrett was adamant on Sunday, when asked if President Obama was considering a so-called second stimulus to deal with the rising unemployment rate. "I think it's too soon. It's premature to say, 'Is a second stimulus needed?' " she told David Gregory, the host of NBC's Meet the Press.

But a moment later she said the White House was already looking at tax credits and other measures to further stimulate the economy. "There are a range of suggestions that are being considered right now by his economic team, and we'll see what we come forward with," she added.

On its face, the two comments sounded like a contradiction. But at the White House, there is no confusion. More stimulus is coming, but it just won't be called stimulus.

It doesn't matter what you call it, or if it comes all at once or in little bits and pieces, this administration's idea of economic stimulus doesn't work. These efforts need to be resisted.