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Looks like the Feds/congress will follow Bill Clintons economic stimulus model:

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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:21 AM
Original message
Looks like the Feds/congress will follow Bill Clintons economic stimulus model:



http://www.nytimes.com/2008/01/17/business/17fiscal.html?_r=1&th=&oref=slogin&emc=th&pagewanted=print

.......While declining to discuss details, Ms. Pelosi said, “I am encouraged by my conversations with the administration and the Fed, which is separate and independent, that there is a sense of urgency, that there is a need for a stimulus package and we should find our common ground as soon as possible.”

The Fed chairman was said by others to have echoed the concept if not the precise words of economists like Lawrence H. Summers, Treasury secretary under President Bill Clinton, who have called for any plan to be “timely, targeted and temporary.”

Democratic lawmakers generally favor measures aimed at low- and middle-income families, arguing they need the extra money most acutely and are most likely to spend it immediately. Though Democrats are weighing a variety of measures, a consensus appears to be building that the package should cost about $100 billion.

Among the proposals circulating among Democrats are one-time tax rebates to almost all workers; temporary increases in unemployment benefits, food stamps and Medicaid payments; and federal grants to state and local governments. Some Democrats are pushing for increased spending on public infrastructure like highways and bridges, but aides to Ms. Pelosi said that issue might be dealt with separately to avoid slowing down any stimulus package.
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wyldwolf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:23 AM
Response to Original message
1. Like some were saying after Tuesday's debate, any discussion of the economy will only help Hillary
This is even better news for her.
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sufrommich Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:27 AM
Response to Reply #1
2. Yes,but would you want to have a beer with her?
:sarcasm:
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:17 AM
Response to Reply #2
16. you bet--(s. button acknowledged)
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:14 AM
Response to Reply #1
14. its too much to hope for I think. --but I will try.
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:29 AM
Response to Original message
3. What a deceptive thread title.
This isn't particular to Clinton and just where does the article say what you claim in your header?
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:50 AM
Response to Reply #3
7. I certainly did not mean for it to be deceptive:


The Fed chairman was said by others to have echoed the concept if not the precise words of economists like Lawrence H. Summers, Treasury secretary under President Bill Clinton, who have called for any plan to be “timely, targeted and temporary.”
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:39 AM
Response to Original message
4. Those are what's in Obama' plan
The tax rebates, unemployment benefits, help to cities and mortgage help. I don't know about food stamps and medicaid. I think Hillary relied more on helping homeowners and the mortgage companies first, and then seeing if that trickled down.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:45 AM
Response to Original message
5. Is Bill running?
I didn't know he had a "stimulus" plan. :shrug:

The One time tax rebate and the grants to state and local government are from Obama's plan.

Hillary was for a "Freeze".
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:54 AM
Response to Reply #5
8. I guess the OP is referring to 1993
but it's still unclear to me.
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:58 AM
Response to Reply #8
10. silly of course not. but read the paragraph with his name on it.
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:09 AM
Response to Reply #10
13. well the 1993 stimulus was effective
so it's conceivable that some might see it as a model for our current woes.
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:47 AM
Response to Original message
6. in what way does their proposal follow Clinton's model?
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:55 AM
Response to Reply #6
9. I was refering the Fed Chairman's comment --not the proposals by congress
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:07 AM
Response to Reply #9
12. I still don't know what you're driving at
you seem to be driving at something with that thread title.

Be brave, say it loud and proud, whatever is on your mind.
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ShortnFiery Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:03 AM
Response to Original message
11. Yes, it's all about Hill and Bill CLINTON, not about those who work for them.
Yes, it's all about political royalty and some pompous, gesticulating shell of a former political rock star.

Woof! Woof! Yeah, "big dog, you DEMAND to be stroked. :crazy:
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:16 AM
Response to Reply #11
15. given the beating he has taken on DU lately--I think he deserves a little huggie--and
yes, he surrounded himself with knowledgeable people--. Sorry I did not include that.
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:35 AM
Response to Original message
17. That comment is pretty vague and theoretical and would fit
most stimulus packages proposed. Would anyone say that a stimulus package shouldn't be timely? They are usually temporary - a quick jolt to the economy to get it going. It is also standard to say that it should be targeted to go where it should. The idea that it should go to people who will spend it immediately thus more efficiently revving up the economy was taught in economics classes in the 1960s. Before that, FDR did it.
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