In a shift, Bush endorses new stimulus plan
House Speaker Nancy Pelosi suggested recently that Congress should get to work on a second stimulus package that would include up to $150 billion in federal spending on unemployment benefits, food stamps, highway-construction projects and aid to cash-strapped state governments.
To hear the White House tell it, you'd think she was proposing, well, socialism or something. Only last Thursday, White House Press Secretary Dana Perino said the administration "didn't think" the Democrats' proposals to spur spending "would help bring money into the economy."
But today, two weeks out from an election that some see as a referendum on George W. Bush's handling of the economy, the White House has a new tune.
First, Federal Reserve Chairman Ben Bernanke gave his blessings to a second stimulus for the economy, which he predicted would be weak for several quarters. Then, as President Bush flew to Louisiana for an economic speech, Perino told reporters on Air Force One that the White House is "open" to a new plan and would "look carefully" at suggestions. In a press gaggle, she said:
We're continuing to have conversations with members of Congress and we're open to ideas that they would put forward that would -- both Democrats and Republicans alike -- that would stimulate the economy and help us pull out of this downturn faster.
It may be too late. Pelosi told the Associated Press the other day that she thinks she'll wait until a new administration takes office. "If (Bush) won't sign it, then let's get on a path" to a bill, Pelosi said, "instead of beating our head against a wall just to make a point that he won't sign it. But we can get something signed — please, God — when Barack Obama wins the election."
-- Johanna Neuman
Photo: Charles Dharapak / Associated Press








