Sunday, June 5, 2011

Don't count on stimulus. It's not coming -- Economic stimulus runs dry

By Charles Riley @CNNMoney June 5, 2011: 8:19 PM ET

NEW YORK (CNNMoney) -- Congress will not be riding to the rescue.

Economic indicators are pointing to slower growth. More Americans are looking for jobs, and the housing market is in a confirmed double dip.

In another time and place, lawmakers have might responded with economic stimulus measures to get the country back on track.

This time around, it's not in the cards.

Having spent the majority of the current legislative session operating at a truly glacial pace, Congress is sitting on the sidelines, waiting to see how the debate over the debt ceiling pans out.

"I am not sure you could even get the votes [for a stimulus package] if it was clear we were headed for a depression," said Norman Ornstein, a resident scholar at the conservative American Enterprise Institute.

Full story:
http://money.cnn.com/2011/06/05/news/economy/economic_stimulus/index.htm?iid=HP_LN

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