White House Considering Stimulus Package – AP (1/4/08):

The Bush administration, faced with a deteriorating economy and a big jump in unemployment, said Friday it was considering an economic stimulus package that might include tax cuts to ward off a recession.

Officials stressed that President Bush has not decided yet to offer a proposal but was looking at a variety of options with a plan possibly being unveiled around the time of his Jan. 28 State of the Union address.

On the one hand, we have prior State of the Union proposals on steroids, switchgrass, and of course going to Mars, which would lead one to believe that this stimulus package might be relegated to the same policy purgatory. On the other hand, this is the Bush administration:

Bush in his first term included a tax refund of up to $300 per person to combat the impact of the 2001 recession. Private economists said another round of tax cuts would be the best approach to get money to people who would spend it.

Some suggested a one-year tax rebate of $500 might provide a sufficient shot-in-the-arm for the economy.

Private economists.

Is Dr. Kevorkian out of jail and back to work?