Give us More More More Stimulus

The banker billionaires must be a bellowing up to the give us more more more bar. Seems a little bit of reality in the jobs numbers chopped the green shoots down to size and since the first stimulus did not work so well Congress has decided to do a second. Nancy Pelosi the corporate house whore master is leading the charge for the Democrats.

Today's disappointing jobs number is certain to trigger a serious push for a second stimulus bill.

The talk was already happening. Earlier this wek, John Judis at The New Republic argued that one was needed. Also this week, Obama responded to a question about a possible second stimulus by saying it was "too soon" to know whether one would be needed, suggesting that it's certainly on the table. Of course, House Speaker Nancy Pelosi was in favor of a second stimulus before the ink even dried on the first one, so it shouldn't be much of a stretch to get it through the Congress, especially with the Democrats newly-solidified supermajority in the Senate (welcome Sen. Franken!).

And now we've heard it at least 10 times this morning on CNBC. The market is looking for its hit.

And of course anything for the market.

This is how it's supposed to work: we have spent and indebted ourselves to the verge of bankruptcy, so we will borrow once again to buy time to repay more debt than we can repay now. In other words we're trying to dig ourselves out of the hole that we dug ourselves into by digging deeper. We've been hearing analogies of this type for so long now you can be sure that even the White House understand what's going on, but they just keep digging it deeper for us.

Prediction: We'll get it by the end of the year.

Observation: We've already got it, but good. With a Ponzi scheme like this it kind of makes you wonder what they had against Madeoff.

Question: Last month, when the layoffs came in light, Obama aides Christina Romer and Austan Goolsbee were all over the airwaves, playing up the green shoots stuff. Will they be taking an early 4th of July weekend today?

Update: Oops, we were too cynical; Romer will be on CNBC at 9:35 (sorry!). Looking forward to what she has to say.

Update 2: When asked about the second stimulus, Romer told Rebecca Jarvis: "Well do whatever it takes."

But honey of course you would, just like a good whore should!