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Overnight Open Thread

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Killgore Trout1/25/2010 10:23:04 am PST

re: #783 lawhawk

That’s why there may be need for continued stimulus spending….
Conference of Mayors Stresses Need for New Round of Stimulus Money

More than 230 mayors are in Washington for the winter meeting of the United States Conference of Mayors, and many said they had been forced to impose layoffs, furloughs, service reductions and fee increases to deal with falling municipal revenue. The next fiscal year looks even worse, they said.

“We are in the middle of a ‘jobs emergency’ that demands decisive and swift action,” said Elizabeth Kautz, the mayor of Burnsville, Minn., and president of the conference. “We need the Senate to pass a Main Street jobs package now.”

Local economies all around the world haven’t recovered sufficiently to start rolling back stimulus measures….
IMF’s Strauss-Kahn Warns Against Early Stimulus Exit

I know economic stimulus isn’t very popular but it is an economic reality. It is unfortunately necessary.