Pelosi’s Stimulus II? Lawmakers Propose No Cost, High Employment Energy Package

Economists, politicians, and the public alike are questioning the viability of the massive $787 billion stimulus signed into law. In response, Congressman Rob Bishop (R–UT) and Senator David Vitter (R–LA) recently introduced legislation that would create an estimated 2 million jobs, increase gross domestic product $10 trillion over the next 30 years, and lower energy costs—all without a huge expense to the taxpayer.

The No Cost Stimulus Act of 2009 would do this by expanding domestic energy supply and streamlining burdensome, unnecessary environmental review processes that have placed a stranglehold on access to reliable U.S. energy sources for decades.

Read the rest:
http://www.heritage.org/Research/
EnergyandEnvironment/wm2336.cfm

Why the No Cost Stimulus Act ?

Nancy Pelosi is already saying the nation will need another stimulus bill before we get out of this recession….

The $787 billion economic-stimulus plan was followed by today’s omnibus for $410 billion….

The interest payment on the debt from the stimulus and the omnibus will be about $500 billion…..And has anyone seen the economy start to rev up?
Obama Spending $1 Billion an Hour of Borrowed Money in First 50 Days
.
What are others doing?  Russia has energy but no jobs.  China has money but needs energy….
Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”
.
Related:
President may Ask For “Global Bailout”
Obama, Geithner: recession requires global action 

Even Democrats Showing Signs Of Economic Despair, Worry at White House Inertia

Pelosi: Congress Needs to ‘Keep the Door Open’ to Second Stimulus Package

Speaker Nancy Pelosi, D-Calif. is kissed on the cheek by one ...

Pelosi

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