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January 15, 2008
Posted: 01:21 PM ET
House Speaker Nancy Pelosi and Fed chief Ben Bernanke met Monday to discuss how Congress might act to stimulate the slowing economy. (PHOTO CREDIT: GETTY IMAGES) FROM CNN's Jack Cafferty: President Bush has some pretty big problems to contend with when it comes to the economy... The unraveling of the housing market, the so-called mortgage meltdown, sky-high oil and gasoline prices and growing concerns about rising unemployment and inflation. Economists at Goldman Sachs, Merrill Lynch nd Morgan Stanley have all said the economy is likely slipping into a recession. Most Americans think it already has. Now suddenly everyone in washington is talking about various stimulus plans to turn the economy around. The problem is the same partisanship that has kept much of anything else from getting done is going to make this more difficult as well. The president and the republicans will likely lean toward tax rebate programs and business investment incentives while the democrats will push to restore a tax credit for lower income families. House Speaker Nancy Pelosi met with Federal Reserve Chairman Ben Bernanke yesterday to discuss some options. She is hopeful both parties can work together. One measure both sides seem to agree on is a one-time $500 tax rebate for every household in the U.S. to be spent by midyear. So here's the question:What would you include in an economic stimulus package to help the economy? Here’s my question to you: What would you include in an economic stimulus package to help the economy? Interested to know which ones made it on air?
Dave writes: Maureen from Tewksbury, Mass. writes: Bert writes: Dave from Brooklyn, New York writes: Wanda from Arlee, Montana writes: Filed under: Economy
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Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
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