In his February budget proposal, the president requested $266 billion for additional stimulus for the economy. And just a month ago, the President called for $50 billion in emergency aid to states alongside the extension of unemployment benefits. This morning Axelrod called again for extension of unemployment benefits, but aid to states was not on his list.
“It’s true that there is not a great desire” on Capitol Hill to spend more money, Axelrod said, “even though there is some argument for additional spending in the short-run to continue to generate economic activity.”
“There’s not a great appetite for it, but I do think we can get additional tax relief for small businesses – that’s what we want to do – additional lending for small businesses,” the President’s senior advisor said.
Hopefully the unemployment benefits are extended but then... I guess it's over.