Great news: Democrats already thinking about a second stimulus

At a special meeting of the Democratic Steering and Policy Committee on Tuesday morning, Democrats heard again from their trusted band of economists and came away reinforced that Congress would need to spend billions of additional taxpayer dollars in the coming months to help pull the economy out its severe recession.

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One proposal being considered is an additional economic stimulus bill. Just last month, President Obama signed a $787 billion dollar stimulus measure that Democrats contended was needed to save or create 3.5 million jobs and that Republicans derided as nothing more than debt spending on wasteful federal projects.

“We are going to need more taxpayer money,” Mark Zandi, the chief economist at Moody’s Economy.com and a key economic advisor to Congressional Democrats, said after the meeting. “I think another stimulus package is a reasonable assumption because of the way things are going.”

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