by Bill McBride on 11/13/2009 12:30:00 AM
Friday, November 13, 2009
Earlier this week I mentioned a possible "upside surprise" for GDP in 2010:
With unemployment above 10%, there will be significant political pressure for another stimulus package - especially if the economy starts to slow in the first half of 2010. This next package could be several hundred billion (maybe $500 billion) and could increase GDP growth in 2010 above my forecast.From The Hill: Senator Reid tees up 2010 jobs bill
Senate Democrats will take up a new job-creation bill in the wake of the 10.2 percent unemployment rate, Majority Leader Harry Reid told his colleagues Tuesday.And from the LA Times: Obama announces forum -- a brainstorming session on job creation
Next month, Obama said he would gather chief executives, small-business owners, economists, labor leaders and others to discuss ways to create jobs and grow the economy.It appears the idea of another stimulus package is gaining momentum ...
Posted by Bill McBride on 11/13/2009 12:30:00 AM