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Chuck Schumer released a statement (below) calling for a big economic stimulus in the order of $500 billion to $700 billion. This is in line with what the Economic Policy Institute calls for, at a minimum of $600 billion.
Schumer uses coded language to get Mitch McConnell interested in the plan, such as "big package" and "it has to be deep." Crafty guy, that Chuck. I’ve long been a critic, but gotta give him props on this one.
Schumer’s statement follows (h/t Matt Stoller):
Sen. Charles Schumer, D-N.Y., said Sunday that he thinks the economic stimulus package should be between $500 billion and $700 billion.
In an interview with ABC’s "This Week," Schumer said, "I believe we need a pretty big package here." He added that Congress is working on getting the economic package to President-elect Barack Obama by Inauguration Day. "I think it has to be deep. In my view, it has to be between $500 and $700 billion, and that’s because our economy is in serious, serious trouble."
"It’s a little like having a new New Deal, but you have to do it before the Depression. Not after," Schumer added.
8 Comments
Nothing like raising the level of discussion …
Yes, I thought the economic situation would benefit from my penetrating analysis.
Interesting choice of graphic. Ahem.
sweet
…there’s an old joke about 26 going in to 55, but this is far too classy a joint for lowbrow objectification
are you kidding? don’t you recall my blogging Late Nite stuff?
:->
of course I do, just couldn’t remember the exact wording of that git’s umbrage from your now infamous next up on the gaydar thread you old flamethrower you – hope you and yours are well
Heh, I forgot about that thread. That was when someone complained the blog was too gay and they were gonna complain to the site hosts, no?
That was fun.
Happy Thanksgiving!
Oh, and did you hear Chuck is stepping down now from the DSCC? Not sure who’s up next.