I knew this was coming! I really think it'll happen. What better way to get inflation going again then heli Ben dropping debit cards from the sky
$this->bbcode_second_pass_quote('', 'W')ASHINGTON (MarketWatch) -- Another shot of fiscal stimulus may be needed now to help the U.S. economy recover from what could be a drawn-out slowdown, Ben Bernanke said Monday.
"With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate," the Federal Reserve chairman said in prepared testimony to the House Budget Committee.
It was the second time this year that Bernanke had endorsed a fiscal stimulus program, a rare admission from the central bank that monetary policy can't fix the economy by itself. This spring, Congress passed a stimulus bill that featured a $600 per person tax rebate. The rebates seemed to keep the economy afloat through the summer before the latest credit crunch hit in September.
Repeating the same general principles that he called for in January, Bernanke said any new plan should be designed to be timely, temporary and targeted.
The Fed chief suggested that Congress should include "measures to help improve access to credit by consumers, homebuyers, businesses and other borrowers." He provided no details in his prepared remarks and was expected to face questions from lawmakers.
Fiscal-stimulus plans generally encompass tax and spending policies by the government to temporarily stimulate demand, either by returning money to taxpayers or by spending the money itself
I'm guessing a good chunk of another stimulus would go right to the banks (mortgage) or the credit card companies...?