Wednesday, January 28, 2009

OK, here's the deal

"Leading economists indicate that an economic investment bill would create more economic growth than the bill itself costs. For every $1 billion invested in transportation infrastructure, the U.S. creates 35,000 jobs and up to $6 billion in gross domestic product. Every $1 spent on food stamp benefits generates $1.73 in economic activity. Every $1 spent on unemployment benefits generates $1.64 in new economic demand. Every $1 in general aid to state government generates $1.36 in economic activity."

That's according to: Dr. J. Steven Landefeld, Director of the Bureau of Economic Analysis at the U. S. Department of Commerce; Dr. Nouriel Roubini, Professor of Economics and International Business at New York University; Dr. Simon Johnson, Professor of Entrepreneurship at MIT; and Dr. Richard Vedder, Distinguished Professor of Economics at Ohio University and Visiting Scholar at the American Enterprise Institute. http://www.house.gov/list/press/ny22_hinchey/morenews/102908HincheyJECHearing.html

Obama is trying to get an economic stimulus package passed, and all the Republicans are running around saying the same thing they have been saying for eight years: tax cuts tax cuts tax cuts! Ummmm, I think we tried that and it DIDN'T WORK!

You have to spend money to make money. Obama won the election, in a crystal clear referendum on Republican economic policies. Give him a chance to do what we elected him to do.

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