Axelrod Puts Stimulus Plan at $675 to $775 Billion

[Omaha Steve]

Source: NY Times

By SHARON OTTERMAN

The last Sunday of the year was a quiet one on the network’s morning talk shows, with David Axelrod, President-elect Barack Obama’s political advisor, looking ahead to the new administration while Laura Bush and Secretary of State Condoleezza Rice reflected on the past eight years.

In addition, Israeli Foreign Minister Tzipi Livni defended Israel’s ongoing air assault on Gaza on “Fox News Sunday” and NBC’s “Meet the Press.” Mr. Axelrod said that Mr. Obama was monitoring the situation in Gaza, and that he has spoken with Ms. Rice about the attack.

Mr. Axelrod, speaking on “Face the Nation” and “Meet the Press,” underscored the special relationship between the United States and Israel but did not elaborate on the specifics of the situation in Gaza, stating that “in America, there’s only one president at a time.”

Regarding the new administration’s stimulus plan, Mr. Axelrod also said that the exact dollar amount Mr. Obama will seek has not yet been determined. “We’ve talked about a package from $675 billion to $775 billion,” he said on CBS’s “Face the Nation.”


Read more: http://www.nytimes.com/2008/12/29/us/politics/29talksho...

[mucifer]

1. green jobs green jobs green jobs. I hope there's lots of money for green jobs.

[tbyg52]

2. Just go ahead and say the "T" word -

You could boost it up to that by keeping the other half of the $700B to banks, since they won't tell us what they did with the first half.....

[dysfunctional press]

5. and then double it...and double it again...

and you'd have just about the amount it's going to take.

[tbyg52]

6. Apologies to our grandchildren

Unless we make a major breakthrough.

I hate BushCo. It was an OK world until they stomped on it.

[WillYourVoteBCounted]

3. Until we stop exporting jobs out of the country, our economy will continue to DIE

printing more money won't help shit if we keep sending jobs to India and elsewhere.

We need jobs HERE or the house of cards will be flattened forever.

[Better Believe It]

4. Not enough. That's for two years.

Less than 200 million will be spent for infrastructure over two years, a piss in the ocean.

The useful local public works projects proposed by some city mayors will quickly eat up over 100 million dollars alone.

More money in current dollars was spent for the interstate highway construction program.

[StudsT]

7. this is more like a $10 TRILLION dollar hole the smartest folks in the room have gotten us in

spread over 8 years.

i am all in favor of deficit spending in times like these... it is certainly way better than a global depression and world war by leaps and bounds.

imho, anyways...

StudsT