"President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to 'spend our way out of this recession' until more Americans are back at work.
Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient."
"Obama did not say how much his proposals would cost, although congressional Democrats are eyeing a $70 billion package to help create jobs and to provide aid to hard-pressed state and local governments. Administration aides suggested that the part of the package dealing with roads, bridges and other infrastructure could total about $50 billion."
Seems that this means the package from last winter is a failure. We have already spent too much money, it is not working.
Would spending more government money help the economy or hurt it? Is the package from last winter a failure?
New Obama plans: 'spend our way out' of downturn - Yahoo! News