Geithner: Stimulus Plan Heading in the Right Direction

Meredith Jessup | July 10, 2009 5:30 PM

Despite the nation's continuing rise in unemployment, Treasury Secretary Timothy Geithner today announced before lawmakers that the Obama administration's stimulus package is "on the expected path" and there have been "substantial improvements" made in digging the country out of economic recession.

On the right path? About 2 million jobs have been lost since Congress okay'd the administration's stimulus plan back in February and unemployment now stands at its highest rate in 26 years--all that for only $787 billion! (sarcasm)

Some Obama allies are now calling for the president to consider a second stimulus package. What was it exactly about the first one that makes them so confident a second one will do anything but waste more taxpayer money?