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| The stimulus comment that agitated traders.
DealBook » News Analysis: The Stimulus Comment That Agitated Traders | Just what was Ben S. Bernanke thinking three weeks ago when he said that the Federal Reserve might soon cut back its stimulus efforts?
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The panelists largely approved of the stimulus package in their comments before the poll results came in.
Speaking with reporters on his way back from New Hampshire, Mr. Huntsman said that the cap and trade proposal — which would create emissions allowances that could be traded among companies — made less sense in the current economy, and that his comments on the stimulus were being taken out of context and did not reflect his full thinking at the time.
George Miller, the Democrat who had opposed the Mexico bailout, recently spoke on the floor of the House, commenting on the stimulus package: "The only question about this package really is, is it large enough?" Observers from south of the border are quietly aghast.
All analyses were restricted to utterances connected with the stimulus picture, and ignored unrelated comments such as questions about the task or conversations with the examiner.
Christina Romer, one of Obama's economic advisers, said the stimulus package was working but, significantly, declined to comment on whether there needed to be a second package.
A spokeswoman for President-elect Barack Obama said his transition team was not commenting on individual provisions of the stimulus package beyond what has been revealed publicly.
We thank Clive Rosenthal for comments and Rhodri Cusack for provision of the stimulus generation program.
In a previous column we commented on the early claims of success for the stimulus package.
The selling picked up in markets around the world on Thursday, a day after Mr. Bernanke's latest comments on the Fed's plan to wind down the stimulus.
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