As predictable as the Big Three coming back for more taxpayer dough. What happened, the trillion-dollar package isn’t going to create as many jobs and stimulating activity as first though? Apparently not. So how much more will we need? No word yet, but you can pretty much bet it won’t be cheap. Sounds like another opportunity to shove liberal wishlists and earmarks through.
“We are going to need more taxpayer money,” Mark Zandi, the chief economist at Moody’s Economy.com and a key economic advisor to Congressional Democrats, said after the meeting. “I think another stimulus package is a reasonable assumption because of the way things are going.”
House Speaker Nancy Pelosi (D-Calif.), standing with members of her leadership team by Zandi’s side, said she agreed that another stimulus bill is being considered as an option.
“We have to keep the door open,” Pelosi said. “The word of the day is confidence. Confidence in our markets, confidence in lending, confidence in our financial institutions.”
I’m with Allahpundit on this one: Obama will have been said to have “saved” every American job by 2010. If there are 10 million people still employed, the line will be that he saved 10 million jobs. There’s no way to actually measure “saved” jobs, so they can make it as high as they want. And many Americans will eat it right up.


by Stephan Tawney on March 10, 2009