Tuesday, August 31, 2010

Workers Independent News: Obama Economic Recovery Board Member Calls For Second Stimulus

Submitted by Doug Cunningham on August 30, 2010 - 5:10p
Dr. Laura Tyson of the Haas School of Business at Berkeley says a second economic stimulus is needed to help create jobs in the face of nearly collapsed private sector demand.

Dr. Tyson is on President Obama’s economic recovery board. She says the first stimulus is working as intended. The Congressional Budget Office says without it, there would be three million fewer jobs.

Dr. Tyson says the government should create and capitalize a National Infrastructure Bank to help spur a trillion dollars in infrastructure investment over five years while enacting a credible plan to stabilize the ratio of federal debt to GDP gradually as the economy recovers.

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