Stimulus plan: Is this the one? Al Franken: Yes. Though imperfect, the plan represents the chance to turn crisis into opportunity.
By AL FRANKEN
Last update: February 10, 2009 - 8:44 AM
In the lead-up to the Nov. 4 election, it became all too clear that we were heading into a deep and dangerous recession. The economic policies of the last eight years -- tax breaks tilted toward the wealthy, fiscal irresponsibility, cronyism, a refusal to invest in important American priorities -- had been thoroughly discredited.
Americans voted for a new direction. They voted to rebuild our country's economy by rebuilding its infrastructure, changing its energy policy and investing in our talented workforce. In electing Barack Obama president, America reaffirmed its conviction that, with the right leadership, any crisis can be transformed into a great opportunity.
We have that leadership and that opportunity. And the vote on the stimulus package represents a significant step toward the change we chose on Nov. 4.
Since the election, we have lost an additional 1.8 million jobs (nearly 600,000 have been lost since the conclusion of the Minnesota recount). And we are now in more danger than ever, with the prospect of an economic depression becoming all too real. This stimulus package represents bold legislative action, which is precisely what economists agree we need.
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