House Democrats want to use bailout money to pay for jobs

[sabra]

Source: CNN

Washington (CNN) - House Democrats said Thursday they're planning to use money intended to bail out banks, Wall Street and other financial institutions to pay for their jobs bill, a package they aim to vote on by the end of the
year.

"I think the TARP funds are appropriately used to create jobs to reduce the deficit," Speaker Nancy Pelosi said at her weekly news conference, referring to the Troubled Asset Relief Program.

It's unclear if the proposal would tap unused TARP funds or money repaid to the Treasury by banks who got bailout money. Democratic sources say leaders are discussing those details with the Obama administration.

Pelosi and other Democratic leaders have been looking at a series of proposals to address the record unemployment numbers in recent weeks and are now focusing on an initial package that Congress could vote on before leaving for the holiday break.

But the speaker stressed that "this is not the be-all" and said Congress will work on a broader economic proposal early next year.

Read more: http://politicalticker.blogs.cnn.com/2009/12/03/house-democrats-want-to-use-bailout-money-to-pay-for-jobs/

[Rosa Luxemburg]

1. we need to start exporting again. we need to make things that people abroad will buy

and that will require jobs HERE in the USA.

[eleny]

2. And jobs working on our infrastructure

Hubby and I stopped at our credit union the other day. It's located right on the service road of a highway. There's a small overpass right there that was in shocking disrepair. I'm going to avoid driving under it from now on as it looks like chunks of concrete are ready to break away.

Time for us to repair America.

[dencol]

4. We just had a major road suddenly closed.

Over 16,000 vehicles used it per day when they found it was too dangerous for anybody to use. It's a shame we continue to divert money to fund wars while our country crumbles.

http://www.denverpost.com/news/ci_13803766

[eleny]

5. Wow!

I live in Lakewood and the overpass I mentioned is the section of 6th Avenue that crosses over Garrison St.

I'll bet I've traveled the bridge over the Platte up there many times! And so it begins.

Welcome to DU, dencol. :hi:

[Rosa Luxemburg]

7. I thought that's what we were doing

has your state used any of the stimulus money?

[meow2u3]

3. Export American products, not American jobs

That should be our motto.

[Rosa Luxemburg]

6. yes exactly! There must be something that we can make and sell?