Economy Rockford: Does Our Economy Need A Second Stimulus?

Less than a year ago.. Congress passed a 787 billion-dollar stimulus program.. full of tax cuts and spending projects intended to help the economy recover.

In tonight's Economy Rockford report a local expert says a second round of spending would be nothing more than a waste of money.

"Why would you need a second stimulus plan when the first one didn't work.? "

23 News Financial Expert Rick Bastian says billions of dollars of our money has been spent in the first round of stimulus and we have little to show for it.

Spending billions more dollars to stimulate job creation as Congress is pushing.. won't put enough local residents back to work.

Bastian says the government can't create income for each of us like the free market will.

"What the government needs to do is not give us another stimulus but get out of the way and let businesses deal with the economy and begin to grow. They're not focusing on taking off the handcuffs of businesses so they can grow and compete. In fact many of those things they are doing in Washington today makes it harder for them to grow."

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