Obama Mulls More Relief

It’s not quite a second stimulus, but is more relief on the way? The New York Times reports that the Obama administration is discussing extending several safety-net programs and creating tax incentives in order to help jumpstart hiring. In his radio address on Saturday, Obama said he would “explore additional options to promote job creation.” That could mean giving employers a $3,000 tax credit for each new hire. Meanwhile, on the safety-net side, Democrats are considering extending extra unemployment assistance and health benefits through 2010 and keeping the $8,000 tax credit for first-time homebuyers.