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obama new year stimulous plan.

  1. 601 Posts.
    The stimulous spending will continue next year as the maxed out consumer turns thrifty under the weight of debt.

    President-elect Barack Obama has said his first priority in office will be to craft a fiscal-stimulus plan that may well be the largest since World War II, WSJ's Sudeep Reddy reports. The key questions are: how much and what to include.
    The size of a package remains a key question hanging over the $14 trillion U.S. economy. Through this month, Democratic leaders were discussing a package of as much as $150 billion, even as some private economists urged them to consider one twice that amount.
    Mr. Obama has indicated a willingness to set aside concerns about deficit spending in the short run to restore the economy.
    "I think you have to get very, very bold here -- $500 billion or $600 billion would be just fine," said Lyle Gramley, a former Federal Reserve governor now at Stanford Group Co.
 
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