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Post by scorpion42 on Jun 23, 2009 13:53:45 GMT -7
WASHINGTON (Reuters) - U.S. President Barack Obama said on Tuesday a second fiscal stimulus package was not needed yet, as the government wants to see how the economy evolves, but warned the unemployment rate would rise over 10 percent.
"Not yet because it is important to see how the economy evolves and how effective the first stimulus is. The stimulus package was the first thing we did and we did it a couple of weeks after inauguration," Obama said in response to a question.
"At that point, nobody understood what the depth of the recession was going to look like. ... It's not surprising then that we missed the mark in terms of our estimates of where unemployment would go. It's pretty clear that unemployment will end up going over 10 percent if you look at the pattern."
(Reporting by Lucia Mutikani; Editing by Leslie Adler)
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Post by ArkCowboy on Jun 23, 2009 14:15:45 GMT -7
for the record I OPPOSE ANY MORE STIMULUS MONEY TO ANYONE EXCEPT ME!!! : )
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Post by scorpion42 on Jun 23, 2009 17:47:32 GMT -7
Even a dead man, who never lived in this country received a stimulus check.
If I remember the story correctly? The man was never in the United States, except for when he was on vacation in 1969. I forget what country he was from, though.
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Post by heavyg on Jun 24, 2009 6:01:01 GMT -7
for the record I OPPOSE ANY MORE STIMULUS MONEY TO ANYONE EXCEPT ME!!! : ) Have you seen any stimulus money from this last one? I sure havent. That was one of the biggests jokes ever. Supposed to give someone $12 extra per check. Woowho thank you Mr. President.................... NOT
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