Second Stimulus Plan "Fraud"

The drumbeat is starting to get louder in Washington when it comes to drafting a "Second Stimulus Plan" focusing on infrastructure projects because the 787 billion Bill approved in February was to small said Laura Tyson a outside adviser to President Obama. However, when the President was selling his 787 billion dollar stimulus package to the American people, the administration predicted that the unemployment rate would not surpass 8%. Last month employers shed 467,000 jobs which sent the unemployment rate to 9.5% the highest in 26 years. Vice President Biden goes on the ABC News Sunday Talk Show and said, Administration misread the economy after saying during the campaign that this was the worst economy since, the Great Depression. The figures we worked off of in January consensus figures most of the blue chip indexes out there. Today on ABC News Sen. Sheldon Whitehouse of Rhode Island said a second stimulus plan is probably needed and predicted that Congress is likely to act at the end of the year to inject even more money into the economy. Sen. Whitehouse and President Obama should have talked to Sen. Reid before making there statement on a second stimulus bill. Sen. Reid has slammed the door on a second stimulus bill even though President Obama said he, is leaving all options on the table when unemployment is close to reaching 10%. Sen. Reid Reid actually made a rational statement for the first time when he said, A little less than 90% still needs to be put out there to the American people and we are in the process of doing that. Finally, the Republicans who voted against this reckless stimulus bill and were proven right. The President and the Democratic Congress want a "Do-Over" so, they can waste another trillion dollars on President Obama failed economic policies. This is starting to become American economic doomsday nightmare scenario that could destroy our great nation within the next ten years.