See also: Spin Different. Friends: Downing Street (UK) & The UN Secretary-General
The Government Says
Unofficial blog of briefings from the Whitehouse. Based on DowningStreetSays.com.

Whitehouse List

Whitehouse Press Briefings with alerts and comments - for you to read and respond to what the Press Secretary actually says, rather than what they were reported as saying.

If you spot any problems or have any comments, drop me an email

Email me when appears in a briefing. Email:
Q In light of the latest economic data, there is some concern that even if the rescue bill does pass...

Q In light of the latest economic data, there is some concern that even if the rescue bill does pass, that that won't be enough to give the economy the kind of boost that it needs. Is there any greater willingness on the part of the administration to consider -- to begin considering a second stimulus package, or at least going along with efforts on the Hill to further extend unemployment benefits?

MR. FRATTO: Well, I just want to -- I want to be clear on what our expectations have been, and no one should be over-promising what this legislation will do. This legislation is to fix a problem in our financial markets. It's not sold as giving a boost to the economy, but rather preventing a crisis in our economy. And like I said earlier, we're -- the economy has been hit by a number of very real shocks.

Now, we have had a number of programs in recent months, some which are just now getting underway. We talked about the housing legislation, which is just being implemented and should have an impact. This bill will have an impact in supporting the economy and stabilizing markets. And once -- if it works as we hope it will, credit will be able to begin flowing again. And so the private sector will -- if we're stabilized, the private sector will be able to help to support growth in the economy again, also.

I understand the House is going to take up legislation to extend unemployment insurance again today. The Senate is not here to take up that legislation and we'll see what the Senate's intentions are for that legislation when they return in November.

Yes, Mark.

seen at 09:00, 3 October in Whitehouse Press Briefings. Email this to a friend.
Next item; Original source; Previous item;


Comment


(You must give a valid email address, but it will not be displayed to the public.)

We only allow the following html tags a em strong p br. After posting, there may be a short delay before your comment appears on the site

 Copyright Statement and About "The Government Says".