Bailout Plan Must Help The Middle Class And Grow The Economy!
"Congress and the public must recognize that no financial bailout will be enough to prevent a deepening downturn in the economy. Working families were struggling with recessionary conditions well before this crisis, and even with a bailout, these conditions will worsen before they improve.Congress should address Main Street economic problems by passing a second stimulus package that includes direct job creation through infrastructure repairs and investments, relief for hard-pressed state governments, food stamp and heating assistance, and additional help for the long-term unemployed. The $50 billion package debated last week was far from sufficient. The problems require intervention on the order of $200-300 billion to be spent over the next 18 months." Download article by Lawrence Mishel, Ross Eisenbrey, and John Irons
of the Economic Policy Institute in PDF format.
