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Great News! More Economic Stimulus on the Way

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By Doug Powers  •  August 31, 2010 08:57 AM

**Written by Doug Powers

If you’re selling US economy stock short, now is the time to get aggressive:

WASHINGTON (Dow Jones)–President Barack Obama on Monday said his economic team is working to identify new measures to stimulate U.S. growth as part of a “full-scale attack” to strengthen the lackluster economy.

Obama, speaking in the White House Rose Garden, said his economic team is “hard at work in identifying additional measures that could make a difference in both promoting growth and hiring in the short term, and increasing our economy’s competitiveness in the long term.”

It’s right here in the metaphors chapter of Obamanomics 101: “If throwing an anvil to a drowning man doesn’t save him, throw him another one.”

The most unsettling thing about this story is discovering that Team Obama is going to stage a “full scale attack” on the economy, because that means what we’ve seen so far is only a half-assed effort.

Gird your coins.

**Written by Doug Powers

Twitter @ThePowersThatBe

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Categories: Barack Obama, Health care, New York Times, Paul Krugman