Tuesday
Mar102009
Pelosi: Stimulus creates jobs, jobs, jobs, and jobs and jobs
By Suzia van Swol, University of New Mexico-Talk Radio News Service
Following a Democratic Steering and Policy Committee listening session on the economy, Speaker of the House, Nancy Pelosi (D-Calif.) said that, “we just had a very productive session with some leading economists who for over a year now have been giving us advice and guidance and an assessment of the state of our economy and some judgments about how we should go forward.” She went on to state that, “it is very clear that as we implement our recovery package, we must make sure that it works. And again, confidence is a big part of that investment that we have made. And we also must make sure the public understands this is a very fiscally sound package. The choices that were made in it were to create jobs, jobs, jobs and jobs and jobs as soon as possible and jobs over a period of time to stabilize the economy.” Pelosi emphasized that the baseline for spending has not been raised, but rather the stimulus is targeted in a timeframe to make the difference.
Congressman Barney Frank (D-Mass.) said that this is not some effort to supplant the private market, and he believes that what we are doing is actually very pro market. “We are halting the erosion and laying the foundation for things to get better,” stated Frank.
He expressed that one of the things the market suffers from today is a lack of investor confidence, “I think there is this danger that people will look at the mistakes that were made in the administration of the TARP funds in the past administration inpute them to the current administration,” said Frank.
Congressman George Miller (D-Calif.) said that we cannot discount the amount of time that was lost during the previous administration. “What we now see is a concentrated effort to refine those programs, to make sure that they are accountable, to make sure that in fact there is a response to the actions we are taking,” said Miller. He stated that the first release of the TARP money really discouraged the public because they saw billions of dollars flow to the money center banks and nothing loosening up.
The Speaker and members of Congress will continue to call on economists to provide expertise on the best way to move forward during this long term process of restoring the economy.
Following a Democratic Steering and Policy Committee listening session on the economy, Speaker of the House, Nancy Pelosi (D-Calif.) said that, “we just had a very productive session with some leading economists who for over a year now have been giving us advice and guidance and an assessment of the state of our economy and some judgments about how we should go forward.” She went on to state that, “it is very clear that as we implement our recovery package, we must make sure that it works. And again, confidence is a big part of that investment that we have made. And we also must make sure the public understands this is a very fiscally sound package. The choices that were made in it were to create jobs, jobs, jobs and jobs and jobs as soon as possible and jobs over a period of time to stabilize the economy.” Pelosi emphasized that the baseline for spending has not been raised, but rather the stimulus is targeted in a timeframe to make the difference.
Congressman Barney Frank (D-Mass.) said that this is not some effort to supplant the private market, and he believes that what we are doing is actually very pro market. “We are halting the erosion and laying the foundation for things to get better,” stated Frank.
He expressed that one of the things the market suffers from today is a lack of investor confidence, “I think there is this danger that people will look at the mistakes that were made in the administration of the TARP funds in the past administration inpute them to the current administration,” said Frank.
Congressman George Miller (D-Calif.) said that we cannot discount the amount of time that was lost during the previous administration. “What we now see is a concentrated effort to refine those programs, to make sure that they are accountable, to make sure that in fact there is a response to the actions we are taking,” said Miller. He stated that the first release of the TARP money really discouraged the public because they saw billions of dollars flow to the money center banks and nothing loosening up.
The Speaker and members of Congress will continue to call on economists to provide expertise on the best way to move forward during this long term process of restoring the economy.
G.I.V.E. for Volunteerism
Coffee Brown, University of New Mexico, Talk Radio News
The legislative stars were out for H.R. 1388 – Generations Invigorating Volunteerism and Education (GIVE) Act, which supports volunteerism, partially with a stipend or grant toward higher education.
Backed by phalanx of representatives from Be the Change, AmeriCorps alums, Experience Corps, Serve Next, Survivor Corps, DC Central Kitchen, the court-appointed special advocates of DC, and the Young Marines, Speaker of the House Nancy Pelosi (D-Calif.) thanked everyone who worked on the bill and compared Obama’s effect on this generation with the way John Kennedy had inspired her and House Majority Leader Steny Hoyer (D-Md.).
Hoyer said, “In one year, the millions of Americans (who volunteered) generated in excess of $150 billion. Every dollar we invest in AmeriCorps gives anywhere from $1.50 to $3.90 in return. Boy, oh boy, wouldn’t we like to have a lot of companies who did as well as that.” He cited several volunteer home-weatherizing projects around the country.
Rep. Carolyn McCarthy (D-N.Y.) and Rep. Tom Perriello (D-Va.) said volunteerism is for everyone: young, retired, and those displaced from their jobs.
Perriello, who has spent his entire career working for non-profits in Africa and the U.S., said, “What we’ve all found is that service isn’t just a matter of giving back to our community, it was a matter of forming our very character. Every American feels a call to service, this cannot be something that only rich young people can afford. This is a bill that is not about anything other than enabling young people to answer that call.” He also pointed out the expertise that volunteers gain doing this work, and the need to bank those skills against emergencies and disasters. “We’ve found that once people have volunteered a little bit, they become a volunteer for life.“Volunteerism is addictive,” he finished.
Rep. George Miller (D-Calif.) introduced Survivor Corps US Program Manager Capt. Scott Quilty. While leading a patrol in the Sunni Triangle in Oct. ’06, he was a victim of a roadside bomb,losing his right arm and leg.
“Service saved my life twice. Veterans and their families will be given the chance to continue serving their community, by this legislation,” Quilty said. “ Service doesn’t have to end when we take of the uniform, and it shouldn’t end.”
Miller predicted strong bipartisan support in Congress today and tomorrow.
Addendum: H.R. 1388 passed the House 03/18/09