White House economic adviser Christina Romer declared the president’s stimulus plan "absolutely" is working to slow the economy’s decline, though she still held open the possibility of a second stimulus package a few months down the road.
The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.
Last Friday, Vice President Joe Biden and seven White House officials traveled to Philadelphia to kick off the inaugural gathering of President Obama’s Middle Class Task Force. The task force will convene monthly in cities across the country to confront the problems faced by average Americans. It’s an admirable goal; with rising costs, stagnant wages and job cuts, a Pew Research study found that 78% of self-described middle class Americans have trouble maintaining their current standard of living