Sunday, January 31, 2010

Next Stimulus: $100 Billion

by Bill McBride on 1/31/2010 10:43:00 PM

Note: earlier posts:

  • Weekly Summary and a Look Ahead
  • TARP Inspector General: Government Programs "risk re-inflating bubble"
  • Summers: "Statistical recovery and a human recession"

    From the Financial Times: Obama plans $100bn jobs push
    Robert Gibbs, ... called for a bill “somewhere in the $100bn range” ... Mr Obama championed the idea of a jobs bill in his State of the Union address last week – calling for $30bn for community bank lending to small businesses, a new small business tax credit and a tax incentive for all businesses to invest ...
    excerpted with permission
    And from the LA Times: Obama pairs a push for jobs with proposed spending cuts

    The details aren't clear, but this is smaller than the bill approved by the House of Representatives in December.