Obama seems to be adopting a strategy of "If at first you don't succeed, try, try again", as he is now applying pressure to Congress to pass a new billion dollar stimulus plan that he hopes will spur growth and pull America out of the recession. It didn't work once, what makes him so sure it is going to help this time?
During his weekly addressed, Obama pushed a to-do list which would coast about $34.7 billion.
"Each of the ideas on this list will help create jobs and build a stronger economy right now," he said."Let's push Congress to do the right thing. Let's keep moving this country forward together."
The Washington Post reports:
The president's list includes an expanded program to help homeowners refinance their mortgages, a proposal to give small businesses tax breaks for hiring more workers, a program that would help veterans find jobs, and an extension of tax credits for clean-energy companies.
Mr. Obama didn't discuss in his address the cost of his proposals or how to pay for them. The refinancing plan, for example, would likely include a fee charged to homeowners.
WaPo added that the list is "part of a more comprehensive $447 billion jobs package that Congress mostly has resisted."
What's the problem with the old stimulus? It just must not have been big enough.
"If we add another billion dollars to this, this will be okay," Glenn joked.