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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Reid Calls for More Stimulus

In a statement released moments ago by Senate Majority Leader Harry Reid (D-Nev.), he echoed calls by House Speaker Nancy Pelosi (D-Calif.) for an economic stimulus plan aimed at Main Street, now that the Wall Street bailout/rescue plan apparently is underway.

"Congress will review the details of the Administration's new strategy to address concerns about whether it sufficiently protects taxpayers, avoids unnecessary windfalls for CEO's, and attacks the underlying causes of the crisis," Reid said.

"In any case, it is clear that the administration's plan does not go far enough to address the severe challenges facing our economy and America's middle class. Democrats have worked for months to reinvigorate our economy and provide economic security for families, while Republicans have blocked our efforts," Reid said. "We hope our Republican colleagues now will join us to ensure quick action on such a plan."

-- Paul Kane

By Frank Ahrens  |  October 14, 2008; 2:09 PM ET
Categories:  The Ticker  
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Comments

How does Reid expect to get Bipartisan support when he is insulting the very people that he is asking for support? This is right out of the Pelosi plan. Insult the other side then ask why they didn’t support a bill she wanted. Gee, why would anyone want to support these two?

The Three Stooges could do a better job runnig this country.

Posted by: sjt | October 14, 1908 2:54 PM | Report abuse

"How does Reid expect to get Bipartisan support...?"

He doesn't. This is strictly CYA, standard congressional maneuver number one. Make a great noise damning the opposition while getting on the right side of the idea that "something should be done." All without ever running the risks entailed in actually *doing* anything.

It's the politician's version of turning a buck on the panic.

Posted by: fzdybel | October 14, 1908 3:25 PM | Report abuse

Don't worry about bipartisan support. Once president Obama is in and Democrats own Congress, the spendings will be on. And why not? Bush has led the way for the last eight years. Five trillions in new debt has been added under his watch.

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Posted by: Anonymous | October 14, 1908 3:30 PM | Report abuse

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