REP. MALONEY PROUDLY SUPPORTS BOLD AND TARGETED PLAN TO STIMULATE ECONOMY

Today’s Vote is an Important Step in Getting Economy Back on Track

Washington, D.C. – Today, to aid the ailing economy, the House passed the American Recovery and Reinvestment Act by a margin of 244 to 188.   Rep. Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), made the following statement after the vote:

“Today we took an important step forward in getting the economy back on track,” said Rep. Carolyn B. Maloney, Chair of the JEC.  “The American Recovery and Reinvestment Act is a bold and targeted plan that puts people back to work by creating or saving about 4 million jobs, jump starts our economy and makes critical investments for the 21st century.  After record job losses under the Bush administration, the American people understand that the failed policies of the last eight years don’t work.  It’s hard to believe, but the Republicans showed today that they still don’t get it.”

The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
 www.jec.senate.gov
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