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Congress Considers Another Stimulus to Boost Economy

Posted By Rob Bluey On October 21, 2008 @ 3:57 pm In Scribe | Comments Disabled

With the endorsement of Federal Reserve Chairman Ben Bernanke [1] and lukewarm support from the White House [2], Congress appears intent on passing another economic stimulus bill [3], but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and one that might do more harm [4].

Testifying yesterday before the House Budget Committee,  Bill Beach of Heritage’s Center for Data Analysis explained the approach Congress should take as it considers legislation [5]. Beach also appeared on PBS’ NewsHour last night. Here are a few clips from the interview.

How Congress can most effectively stimulate the economy:

[youtube]http://www.youtube.com/watch?v=NM58U0eviwA[/youtube]

Why conservatives should be cautious about trusting Congress to fix the financial mess:

[youtube]http://www.youtube.com/watch?v=tHN14COeY5E [/youtube]
Tax cuts, not stimulus checks, will do greater good to revive the economy:

[youtube]http://www.youtube.com/watch?v=56WjFX_iDMI[/youtube]


Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/10/21/congress-considers-another-stimulus-to-boost-economy/

URLs in this post:

[1] endorsement of Federal Reserve Chairman Ben Bernanke: http://online.wsj.com/article/SB122455027730552509.html

[2] lukewarm support from the White House: http://www.allheadlinenews.com/articles/7012734942

[3] passing another economic stimulus bill: http://www.reuters.com/article/vcCandidateFeed2/idUSTRE49K7PZ20081021

[4] a good measure that helps the economy and one that might do more harm: http://www.heritage.org/Research/budget/bg2186.cfm

[5] explained the approach Congress should take as it considers legislation: http://www.foundry.org/2008/10/20/what-should-congress-do-to-help-the-economy/

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