Yesterday House Republican leaders met with President Obama to voice their objections to his stimulus plan. Representative Kevin Brady of Texas' 8th Congressional District was there. He joins John and Adaora with a report on what happened in the meeting, what his hopes are for bipartisan compromise, and what's next for the bill.
For President Obama's take on the meeting, here's his post-meeting press conference:
Several weeks ago, I heard a man interviewed on NPR concerning the economy. Sadly, I don't remember the guest's name or the show. It was around inauguration, the radio seemed to stay on 24/7. What I DO remember is a question asking how large a stimulus we truly needed. He said we realistically needed around a Trillion dollar boost. It stuck in my brain, such an inconceivable number. Does anyone else remember hearing this show? Maybe President Obama heard it: I was surprised to see the Reinvestment in America Bill come so close to this fantastical amount. While it sounds like just what the Dr. ordered, I'm not sure what to make of any of it. I do hate what the gentleman on air right now was saying about a generational American debt to other nations.
These Republican congressmen are so misguided. They insist on giving tax breaks to corporations because somehow they will retain or bring in more workers. Can you explain why a corporation like Microsoft or Caterpillar or a landscaping company in the DC area will retain workers because of a $2,000 or even a $10K tax break per employee. Having an employee is a liability if those employees are producing products that people are not buying. Investing in state projects and other investments that have been neglected for 30 years will serve as a foundation to our long term development and will put real people to work and most of this company will go to small contractors and other corporations as the government buys supplies and equipment and hands out contracts for road repairs or school construction. Or even music grants. This will help to address confidence. Handing more money to wealthy individuals and corporations will not do it.
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Comments [2]
Several weeks ago, I heard a man interviewed on NPR concerning the economy. Sadly, I don't remember the guest's name or the show. It was around inauguration, the radio seemed to stay on 24/7. What I DO remember is a question asking how large a stimulus we truly needed. He said we realistically needed around a Trillion dollar boost. It stuck in my brain, such an inconceivable number. Does anyone else remember hearing this show? Maybe President Obama heard it: I was surprised to see the Reinvestment in America Bill come so close to this fantastical amount. While it sounds like just what the Dr. ordered, I'm not sure what to make of any of it. I do hate what the gentleman on air right now was saying about a generational American debt to other nations.
These Republican congressmen are so misguided. They insist on giving tax breaks to corporations because somehow they will retain or bring in more workers.
Can you explain why a corporation like Microsoft or Caterpillar or a landscaping company in the DC area will retain workers because of a $2,000 or even a $10K tax break per employee. Having an employee is a liability if those employees are producing products that people are not buying.
Investing in state projects and other investments that have been neglected for 30 years will serve as a foundation to our long term development and will put real people to work and most of this company will go to small contractors and other corporations as the government buys supplies and equipment and hands out contracts for road repairs or school construction. Or even music grants. This will help to address confidence.
Handing more money to wealthy individuals and corporations will not do it.
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