US economic stimulus could pass quickly-Rep. Hoyer

[Lone_Star_Dem]

Source: Guardian Unlimited

WASHINGTON, Jan 16 (Reuters) - A legislative package designed to stimulate the slumping U.S. economy could be passed by Congress and signed into law by President George W. Bush within a month, House Majority Leader Steny Hoyer said on Wednesday.
"I think it can be done in 30 days," Hoyer told reporters, though cautioning there was no certainty. He was optimistic, however, saying: "Bipartisanship is breaking out all over."

Congressional leaders and President Bush are expected to meet soon to discuss legislation that could include tax rebates for workers with the aim of putting more money in people's pockets to spend.
Without giving any specifics, Hoyer said a number of alternatives were being discussed.
"The bottom line ... is that we have no preconditions in which we are going to discuss this with the administration," said Hoyer, a Maryland Democrat.

But he added there there was no consideration of coupling a economic stimulus package with any tax increase.

Read more: http://www.guardian.co.uk/feedarticle?id=7231056

[rfranklin]

1. The Republicans are talking corporate tax cuts....

Despite its utter failure, trickle down economics just won't die. But they want to piss on us again.

[Javaman]

2. The only stimulus the poor will get is a zap by a taser. nt

[Lone_Star_Dem]

3. Well, they may get a pittance of a rebate check

Which they're expected to blow by purchasing retail items to help boost our economy.

What I don't understand is why they assume people won't use the checks to catch up on bills instead, or apply it to their increasing grocery and fuel bills? Granted they say that when they did this in 2001 2/3 of the people did spend their checks within 6 months, but they've never really said on what.

[Robbien]

4. Despite this bs, Blue Dog Hoyer will of course include tax cuts for the rich.

He and the other Blue Dogs have already secretly conspired with GOPers and have come up with the best deal possible for the elite.

For every nickel stingily doled out to the dirty masses, piles of greenbacks will be reverently handed over to "his kind".

This article is just Hoyer covering his ass and isn't worth the time it takes to read it.