Calculated Risk notes that the Obama administration is considering the elements of the next stimulus package. Unemployment is right around 10 percent and the 2010 elections are close.

Beyond pure political calculation however, it’s clear to me that Obama wants to help the productive economy and understands the value of fiscal policy to strengthen and rebuild it as it limps through this recession. He has seen the first stimulus work – as has anyone with eyes open.

Another stimulus would be the best thing that could happen to us right now.