The Son of Stimulus

I've already written about this, but now Democratic leaders are starting to act on what they've already hinted: A second stimulus.

A special meeting of the Democratic Steering and Policy Committee (Good!) this morning yielded the same story from the same economists: More money.

The outlook for the rest of Aught-Nine: Grim.

Pelosi says the Word of the Day is Confidence: The confidence that is apparently lacking in the American markets but is vital to the success of this much-ballyhooed stimulus.

The Proposed Solution: More of the Same. A second stimulus, of equal or more value than the $787 billion that is just now hitting the streets.

My first, knee-jerk thought: D'oh!

My second, more reasoned thought: If the confidence necessary to drive the mechanism the government has constructed to hoist us out of this recession isn't being garnered by the stimulus, how much sense does it make to do it all over again?

Maybe it makes a lot of sense to someone other than me. God, I hope so.