[lbo-talk] CAP's stimulus

Doug Henwood dhenwood at panix.com
Fri Dec 5 14:16:06 PST 2008


[This is something of an idea factory for the Obama gang, or at least they like to think that.]

<http://www.americanprogress.org/issues/2008/12/second_stimulus.html>

How to Spend $350 Billion in a First Year of Stimulus and Recovery By Will Straw, Michael Ettlinger | December 5, 2008

The time is right for a set of federal policies designed to provide stabilization, stimulus, recovery, and growth. Without action, there is too great a risk of further collapse and an ever-worsening spiral of job loss and economic decline. In addition to action aimed at stabilizing the extremely shaky auto industry and financial and housing markets, Congress should act quickly to pass measures to stimulate the broad economy and commence the road to recovery.

In broad categories, the $350 billion package outlined here includes approximately:

■$55 billion to spur demand and assist those most in need. ■$70 billion in aid for states and localities. ■$50 billion for tax cut stimulus. ■$175 billion for infrastructure investments in stimulus and recovery, including $100 billion in green job creation.



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