• It takes time to get out of the woods, sez the prez. Barack Obama is facing newfound criticism of the $787 billion economic stimulus plan in the wake of higher unemployment. His plan? No reversals. No second stimulus. Stay the course. “We must let it work the way it’s supposed to,” he says, “with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity.” So yeah. No extra $$$, no appeasing the Republicans. source

Posted by Ernie Smith • Permalink