The stimulus package -- I know the state was strapped with its commitment and what it had to with those monies.
Additionally, when we were considering the stimulus package in early 2008, I proposed to Mr. Paulson that in addition to raising the jumbo loan limits for Fannie Mae and Freddie Mac, we include the GSE reform that the House had passed.
"When the stimulus package came up for a vote, I felt that it was indispensable to vote 'aye' in order to avoid the possibility of a 1929-type depression, " Specter said Tuesday.
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Only eight percent say I have no concerns about the stimulus package.
Either it won't create enough jobs, the money won't be wisely spent, too much debt passed to future generations, or I have no concerns about the stimulus package.
At first it seemed like my faith was well-placed: within the first few months of his presidency, Obama led the way on economic policy I believed in, from the stimulus package to bailing out the auto companies.
As I said, the one concern I've got on the stimulus package in terms of the debate and listening to some of what's been said in Congress is that there seems to be a set of folks who -- I don't doubt their sincerity -- who just believe that we should do nothing.
"I would hope that when the president meets with the leadership tomorrow, they would look upon this document as the basis for an agreement and one that I think will be the ultimate economic stimulus package that the president will be able to sign, " he said.
And I believe we can address those with a good economic-stimulus package.
Even if I were to buy into the Keynesian stimulus logic, everything in this package is so under-scale as to be rounding errors on the larger economy.
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And so when I hear people just saying, oh, we don't need to do anything, this is a spending bill, not a stimulus bill -- without acknowledging that by definition, part of any stimulus package would include spending -- that's the point -- then what I get a sense of is that there's some ideological blockage there that needs to be cleared up.
"I hope we can work together to, frankly, be a real stimulus package and not just a spending package that has every cat and dog and pet project that people have, " he said.
The one thing I can say with certainty is that we are going to need to see a stimulus package passed either before or after inauguration.
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