Republicans say NO to more stimulus

Republicans, who are the house and senate minority, have said no to a new economic stimulus plan. The associated press released an article stating that republicans are against a new stimulus plan and the Obama administration thinks it is premature to be thinking about a new plan as well. I am relieved.

When president Obama was asked about the stimulus package recently by Anderson Cooper, Obama said "the stimulus is working exactly as we had anticipated." Really Mr. President? Just recently Joe Biden "slipped" by saying we misjudged the weakness of the economy. We also had the administration stating unemployment will not go past 8.5 percent when the stimulus bill was passed. We are now hovering around 9.5 unemployment rate, with rates close to 20 percent in some parts of the nation. There is an unfathomable amount of money being printed and spent. An increasing concern globally about the strength of the dollar. There is also some evidence that may suggest government intervention in the stock market as well. What the hell has the stimulus done? Many people will argue that we would be worse if there was no stimulus, but I am convinced that the amount of money we are printing and spending will be just as detrimental in the future.

I suppose all that can be done right now is hope that the administration does not find a need to create a second stimulus plan. I also hope that democrats in the senate and house see that a second stimulus is not what this nation needs right now and that they will align themselves with republicans on this matter.

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