The INDsider -> Nathan Stubbs WED, JAN 28 4:13AM by Nathan Stubbs

Boustany opposing economic stimulus bill

President Barack Obama spent some two hours yesterday meeting with Congressional Republicans about their concerns over his proposed $825 billion economic stimulus bill that is scheduled for a vote by the House this afternoon. By most accounts, Obama wasn't able to win over many Republican converts, who continue to express concerns over whether or not the bill’s hefty spending measures will effectively help pull the country out of recession. Among those expressing concerns was Congressman Charles Boustany, who released this statement following yesterday’s meeting with the President:

“Madam Speaker, both sides agree that our national economy is in trouble as thousands of Americans are without work.  And, I thank the President for meeting with both parties in the House to develop real solutions to the problems we face.
In 2005, my home state of Louisiana faced a different but no less dire situation.  That year, hurricanes Rita and Katrina devastated the Louisiana coastline.  During the recovery effort, we learned many things about what government can and cannot do effectively.
The GO Zone tax credits enabled businesses across the Gulf to rebuild, expand and create good-paying, long-lasting jobs.  As a result, thousands of Louisiana families found the security they desperately needed following those two storms.
A government spending solution was attempted as well.  However, three years later, much of that money is still tied up by government bureaucrats.  Had people in Louisiana waited, they would still be wondering where most of that money was sitting.
The moral of the story is two-fold.  First, there are many different solutions to a problem, and the economic crisis we face certainly proves this.  But second, and most importantly, we must look for solutions which produce results.
We need to spur job creation to get Americans working again. The best way to achieve that job creation is by reducing taxes on small businesses, entrepreneurs and companies who can put people to work now.
I look forward to working with the Administration to accomplish our mutual goal.  Together we can create the jobs Americans need and make our nation competitive again.  This is not the bill to accomplish these goals though. There is another way, and I ask my colleagues on both sides of the aisle to consider what worked and what didn’t work in Louisiana.”


Comments (3)add
...
written by Arturo Plutonium , January 28, 2009 - 06:49 pm
Good! I'm a registered Independent. It has nothing to do with with party lines. It has to do with responsible spending. The "stimulus" bill provides $4.19 billion for "neighborhood stabilization activities."

That money was previously limited to state and local governments. Now the bill provides part of it to be available to non-profit entities. That means groups like ACORN would be eligible for a portion of the funds.

That has nothing to do with working-class or small businesses.

Once again, the opposite of progress is congress.

Guess their new cost of living wages is blinding them to what they should be focused on.

Boustany opposing economic stimulus
written by turner pj , January 28, 2009 - 07:07 pm
Good work Mr. Boustany. Wish you represented me. Unfortunately, I'm represented by Mr Melancon who states he is going to vote for the package, even though he has misgivings, because 'doing nothing is not an option'. Guess it's too much to ask for Melancon to actually work, debate, and come up with something that really stimulates the economy. Same old political manuvering, throw money at the problem. Even if it doesn't work, I can tell my stupid constituents that I did it in their best interest. They'll re-elect me. And I stay in the good graces of my LEADERS - Pelosi and Obama.....
...
written by Arturo Plutonium , January 30, 2009 - 01:50 pm
Check out this summary of the spending -

http://seekingalpha.com/article/117621-economic-stimulus-package-too-much-pork-too-little-stimulus?source=article_lb_articles
You must be logged in to post a comment. Log in using your Facebook account or register if you do not have an account yet.

busy 
Advertisement
Most Read
Advertisement
Advertisement
in case you missed it