Dodging a Bullet

They had planned on focusing on the deficit, but that would've been very bad. For now, it looks like that's going to be pushed off.

A new jobs bill is needed even though the $787 billion economic stimulus package saved or created roughly 2 million jobs, the Obama administration claimed Tuesday.

Administration economists pointed to two separate economic models in arguing that the stimulus sparked either nearly 1.8 million jobs or 2.1 million jobs in 2009 that wouldn't have existed otherwise.

There's a $154 billion bill already that the House passed. It definitely needs to be larger than that, but I don't expect the Senate to add to it -- unless the White House demands it.