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There's simply no shortcut for a stimulus that stimulates minds not just salaries.
In an election year, the political pressure for a stimulus is bound to be especially strong.
"There is a case for a stimulus package," for the industry, he added.
But the government has not been oblivious to demands for a stimulus.
If ever there was a textbook case of an economy crying out for a stimulus, that was it.
White House officials are juggling plans for a stimulus package with their longer-term goal of overhauling the tax code.
Mr. Obama has called for a stimulus package, which will make up for some of the consumer pullback.
Senator Schumer used a similar argument on Sunday in calling for a stimulus package of $500 billion to $700 billion.
In 1992 and 1993, partisan squabbling derailed plans for a stimulus package as the recession came and went.
China has ample room for a stimulus because it boasts the healthiest fiscal position of any big economy.
A number of economists (myself included) called for a stimulus substantially bigger than the one the administration ended up proposing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com