Statement from Senator Clinton on President Bush’s Economic Stimulus Plan

[William769]

Press release.

“Press reports this morning indicate that President Bush is finally releasing an economic stimulus plan. Unfortunately, the Bush plan shortchanges the 50 million Americans who most need an economic shot in the arm.

“I have been calling for bipartisan action on stimulus for over a month and last week laid out a detailed plan to help struggling families and boost our economy. While I believe my plan is the strongest approach, the need for stimulus is urgent and we need a bipartisan package that is temporary and targets those who need help the most.

“For the White House to propose spending over $100 billion to jumpstart the economy, while shortchanging assistance to the 50 million families who are struggling the most and are most likely to inject those funds into the economy makes no sense. The Bush approach would fail to fully help the millions of lower income senior citizens who live on fixed incomes and are under enormous financial stress. And it would disproportionately leave out African American and Hispanic families who have, on average, lower incomes than white families.

“I hope President Bush will work with Democrats to design an economic stimulus plan that includes temporary tax relief focused on both jumpstarting our economy and fully supporting our most hard-pressed working families. I also urge the Administration to address the concerns I raised in my plan, including help for those struggling to find new jobs, keep their health care, and pay rising energy bills. And it's vital to recognize that without aggressive action to stabilize the housing crises, no plan will be fully effective for struggling families and communities across this nation.”

http://www.hillaryclinton.com/news/release/view/?id=5284

[BootinUp]

1. Bush is such a hard headed bastard. Beat him up Democrats! nt

[GalleryGod]

2. Yes.

Cause and Effect.

[ayeshahaqqiqa]

3. poor folk much more likely to put the money directly into the economy

rich folk will not. Which will help the economy more?

[still_one]

6. Right, poor folks will use the money to pay for increased energy costs

directly attributed to the reckless war we started in Iraq

The money will also go to pay down debt, due to the continuing deregulation of throughout all industries

[still_one]

4. First thing I would ask her is why did Bill Clinton sign the bill to overturn the Glass-Stegall Act?

I would also highlight, that it is all well and good that for over 1 month you have been working on a stimulus package, but much of the reason we need it is because those in Congress gave bush a free reign through the IWR, to wage a war WITHOUT Congressional oversight

Much of the financial problems we are experiencing today, are also a direct result of the republican and bush policies, but the Bill Clinton policy of degregulation, helped move things in that direction also.

"In 1999, the Financial Services Modernization Act overturned the Glass-Steagall Act of 1933. The Act effectively barred banks, brokerages and insurance companies from entering each others' industries, and separated investment banking and commercial banking. The law was enacted in response to revelations of gross corruption and manipulation of the market by giant banking houses that organized huge corporate mergers for their own profit, leading to the collapse of the stock market in 1929."

http://alternet.org/story/72336/

[William769]

8. First question I would as of all the other Democratic candidates

Why are we not hearing anything from you on this.

[still_one]

9. you are correct. We should expect much more from our candidates /nt

[elixir]

5. Thanks, William. Good post, great message.

:hi:

[William769]

7. Anytime.

:hi: