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Krugman pleased with Obama jobs plan, even GOPer David Brooks says might be time for 2nd stimulus



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Via Hullabaloo:

[NYT] Editorial: An aggressive Obama challenges Congress to reignite the economy:
With more than 14 million people out of work and all Americans fearing a double-dip recession, President Obama stood face to face Thursday night with a Congress that has perversely resisted lifting a finger to help. Some Republicans refused to even sit and listen. But those Americans who did heard him unveil an ambitious proposal — more robust and far-reaching than expected — that may be the first crucial step in reigniting the economy.
Paul Krugman has nice things to say. Turns out you can please an "emoprog" after all, just by showing a hint of fighting spirit:
First things first: I was favorably surprised by the new Obama jobs plan, which is significantly bolder and better than I expected. It’s not nearly as bold as the plan I’d want in an ideal world. But if it actually became law, it would probably make a significant dent in unemployment.
Even [conservative NYT writer] David Brooks (!) is impressed:
This is the problem the Obama administration is facing. Like everybody else, it has seen a sluggish economy come grinding to a halt. There is clearly now a significant risk of a double-dip recession. That would be terrible for America’s workers, fiscal situation and psyche. This prospect is enough to shock even us stimulus skeptics out of our long-term focus. It’s enough to force us to contemplate the possibility of another stimulus package.

The next question is this: Does the administration have any stimulus ideas that could actually stimulate? Thursday night the president gave one of the most forceful and compelling domestic policy speeches of his presidency.


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