The Industry Standard - President Obama introduces second stimulus package? - Comments

Judged negative. Ian

Ian Lamont — Fri, 02 Oct 2009 10:13:25 -0400

Judged negative.

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard
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This declined slightly

Ian Lamont — Wed, 17 Jun 2009 10:55:14 -0400

This declined slightly today.

I am wondering if the administration would try to push something through that wasn't labeled "stimulus." It would be extremely difficult, considering public anger and the next round of congressional elections are coming up, and incumbents will be treading carefully.

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard

President Obama introduces second stimulus package?

Yi-Wyn Yen — Mon, 16 Mar 2009 15:06:12 -0400

President Barack Obama is concerned that public sentiment is souring on bailouts for financial institutions. The latest outrage centers on $175 million of U.S. taxpayers' money spent on bonuses for American International Group executives. AIG received a $170 billion bailout from the federal government.

Obama has signaled that another bailout on top of the $789 billion stimulus package appoved in February will be necessary to stabilize the U.S. banking system. But the backlash against Wall Street may make it increasingly difficult for Obama to win over public approval and Congress.

Prediction: President Barack Obama introduces a second stimulus package by October 1, 2009.