Commerce Secretary Gary Locke told Bloomberg TV today that a second economic stimulus is “being hotly discussed and very seriously considered within the administration as well as members of Congress.”
Not surprisingly, this news triggered a spasm of backtracking: Locke’s spokesman now says he was being “imprecise.”
In any event… It appears a second, job-creating stimulus is coming up:
Kevin Griffis, a Commerce Department spokesman, said in a phone interview that Locke was referring to “all the different job-creating measures being considered” in Washington rather than a single stimulus measure.
In an interview with Bloomberg Television, Locke said today: “If there is to be another stimulus — and that’s being hotly discussed and very seriously considered within the administration as well as members of Congress — it needs to be very targeted, very specific and we need to be very mindful of the deficit as well.”