Bush Announces His Economic Stimulus Package — by Catherine Morgan (cross-posted at Care2 Election Blog)
Just yesterday I posted on the declining state of our economy, and the discussion of an economic stimulus package. Today, President Bush addressed these economic concerns in a news conference. Here is a transcript from the AP.
From the New York Times…
President Bush called on Friday for a $140 billion to $145 billion mix of tax rebates for American families and incentives for businesses to provide “a shot in the arm to keep a fundamentally strong economy healthy” and avert a deep slide into recession.
The president said the package “must be big enough to make a difference” in an economy as large as that of the United States, meaning it should be worth about 1 percent of the gross domestic product.
It will be very interesting to hear reaction from the democrats, as well as the presidential candidates, on this stimulus package. I will do a post later today on these reactions.
Until then…What do you think?
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