House Speaker Nancy Pelosi said Wednesday that a $150 billion economic stimulus plan is needed now because of the faltering economy and she may call the House into session after the election to pass it.
Pelosi told reporters that the stock market meltdown, which has caused an estimated $2 trillion loss from pension funds, was a factor in her recommendation for a second stimulus bill. The first relief plan sent out $600-$1,200 tax rebate checks to most individuals and couples this year.
It is not the responsibility of Congress to try to make the stock market go up. Where is she going to get $150 billion? We don't have it. She can take it from the taxpayers in order to give it back to them, or she can print more of it. The first is ridiculous, and the second is counterproductive.
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