Feature Story

January 14, 2008

Strategy for an Economic Rebound

From Economic Policy Institute:

Because the United States is either already in a recession or is headed for one, policy makers need to act now to craft an effective economic stimulus package to spur growth and job creation.

Without a stimulus of sufficient magnitude, the U.S. economy is likely to see a decline in growth or even a formal recession, leading to higher unemployment, declining or stagnant wages, and a host of other economic problems.

A package that provides $140 billion of stimulus--1% of GDP--would begin to reverse our economic course by creating an additional 1.4 to 1.7 million jobs. EPI unveils a broad-based, three-part prescription for stimulating the economy in its new Briefing Paper, Strategy for Economic Rebound--Smart Stimulus to Counter the Economic Slowdown.

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