Can we? | Arkansas Blog

Tuesday, October 6, 2009

Can we?

Posted By on Tue, Oct 6, 2009 at 6:17 AM

When Bob Herbert begins to have his doubts about Obama ...

The big question on the domestic front right now is whether President Obama understands the gravity of the employment crisis facing the country. Does he get it? The signals coming out of the White House have not been encouraging.

Meanwhile, however, there ARE signs that the Obama administration has begun to believe what Krugman and others have said. There hasn't been enough stimulus yet.

WASHINGTON — With unemployment expected to rise well into next year even as the economy slowly recovers, the Obama administration and Democratic leaders in Congress are discussing extending several safety net programs as well as proposing new tax incentives for businesses to renew hiring.

President Obama’s economic team discussed a wide range of ideas at a meeting on Monday, following his Saturday radio address in which he said it would “explore additional options to promote job creation.” But officials emphasized that a decision was still far off and that in any event the effort would not add up to a second economic stimulus package, only an extension of the first.

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