Is it time for another stimulus package?

Posted July 14, 2009, at 9:25 a.m.

National unemployment is nearly 10 percent, prompting some economists to suggest another federal stimulus package, perhaps more carefully targeted to create private sector jobs, is needed. Would such a package have a chance of winning Congressional approval?

Would it work? Or is it too much of a gamble, digging an even deeper deficit hole? Did the Obama administration err by allowing Republicans to whittle the first stimulus down to $878 billion? Or has the stimulus not had a chance to work?

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