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by Steve Leisman
President-elect Barack Obama does not have a timetable to develop and pass an economic stimulus package, according to one of his aides on the transition team.
Still, Obama wants to get a plan in place as soon as possible given the deteriorating economy, this person said.
Wait until the December unemployment report comes out…
However, it is important to get the stimulus plan right in order to get the maximum impact from the effort.
What’s that all about? Lower multiple fiscal adjustments just mean you can do more of them.
It’s about aggregate demand, not governments ability to pay.
Previously, there had been talk of a Jan. 20 deadline for passage of an economic plan. But this is looking increasingly unlikely.