Thus far, the conversation about the stimulus plan has been reduced to spending vs. tax cuts. But what really creates jobs? Today everything you need to know about the American Recovery and Reinvestment Act with Dean Baker of the Center for Economic and Policy Research, Louis Uchitelle, the author of The Disposable American: Layoffs and Their Consequences, Teresa Ghilarducci Director of the Schwartz Center for Economic Policy Analysis at the New School, and Irasema Garza a member of Obama's transition team and the President of Legal Momentum.
How will the money be spent?
http://news.yahoo.com/s/ap/200…..s_stimulus
“Top Democrats plan to add a big increase in highway and mass transit funding to President Barack Obama’s economic recovery program Tuesday, even as others in the president’s party hope to rein in the plan’s almost $1 trillion cost to taxpayers.”
By GRITtv on February 3rd, 2009 at 11:21 am
Last week the American Society of Civil Engineers released a report estimating that $2.2 trillion is needed in repairs and upgrades of the nation’s infrastructure over the next five years.
You can see the details here.
By GRITtv on February 3rd, 2009 at 11:23 am
From the LA Times:
Obama and the Democrats are losing the Washington-based word war about the economic stimulus package.
Watch the cable channels. Read the newspapers. The editorial pages if you can. If it’s not about the latest would-be Cabinet member to discover inadvertent income tax errors in his favor, it’s about how the Democrats, mainly in the House, larded up the economic stimulus legislation with every conceivable favorite Dem goodie from the arts to sexually-transmitted diseases to bee subsidies. Speaker Pelosi let them do it. and now it’s up to Senate Democratic leader Harry Reid — who doesn’t work for Obama, you know — to fix it.
By GRITtv on February 3rd, 2009 at 11:33 am