Saturday, March 15, 2008

Democrats' Budget Will Stimulate Economy, Conrad Says

From Bloomberg:

Democrats' Budget Will Stimulate Economy, Conrad Says

March 15 (Bloomberg) -- The $3 trillion budget plan Congress approved this week will stimulate the economy, create jobs and offer tax relief to the middle class, Senator Kent Conrad said today.

The Democratic proposal is aimed at curbing the mounting job losses, record foreclosures and rising gasoline prices that are squeezing American families, said Conrad, chairman of the Senate Budget Committee, in the party's weekly radio address.

"The Democratic plan sets us on a new fiscal course," said Conrad, a North Dakota Democrat. "And it takes immediate action to strengthen the economy, create jobs and make America safer."