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Week of February 3, 2008 - February 9, 2008

Stimulus Update


Word is the Senate has agreed on an economic stimulus package worth around $150 billion that is essentially the House plan with low-income seniors thrown in. The House and the White House are supposedly on board, meaning the bill is likely to pass quickly.

It's both good news and a missed opportunity to craft a much more effective package.

On the plus side, those who said the political system was too clogged with partisanship to get this out the door quickly are proved wrong. The package is also much improved from the White House's first pass, which excluded low-income families and about 20 million elderly persons.

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Economic Match Up: McCain vs. HRC or Barack


So how might McCain fare against HRC or Obama on what voters tell us is their #1 issue: the economy?

I think he's a got a problem...a big one.

What comes to mind when you think about McCain's economic program...how about health care...middle-class squeeze...housing meltdown? Nothing much, right?

In fact, he apparently has said a) he's not much on matters economic--more of a foreign policy guy (more on that below), and b) he's going to change that and get serious about economic policy in the next few weeks. That's not an enviable position to be in, but it gets worse.

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« January 27, 2008 - February 2, 2008 | Home | February 10, 2008 - February 16, 2008 »

Jared Bernstein

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