Snowe discusses economic stimulus plan

Title: Snowe discusses economic stimulus plan

Published: Wed, 11 Feb 2009

Description: (NECN: Washington) - "The key to this economic stimulus plan is to ensure that there is job creation, to assisting people who are displaced by the loss of jobs and at the same time to make investments for the jobs for the future," says R...

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Automatically Generated Transcript (may not be 100% accurate)

" The first and I want to thank the Senate majority leader board. Bringing us all together and all of my colleagues in most especially my colleague senator Collins from Maine and senator Specter. -- Easy times obviously for America it's a critical time and given the gravity. The circumstances. Economically. I thought it was important to be kind of a process. They could yield a consensus based solution. To achieving. And approach. At this most critical time in nine nations and history I -- the outset. It wasn't a matter of what constituted spending. Provisions that that was actually. The question is what works for what this country. And the key to this economic stimulus plan is to ensure -- did his job creation. To a -- people who are displaced by the loss of jobs. At this same time to make investments. In the job -- for the future. I happen to think that this approach that we have established here creates an equilibrium. On those goals that are so essential for the future of our country it's right sized. Because the president is right if we're losing two trillion dollars in demand between this year and next year. And we have to best filled this economy where this fiscal stimulus approach. -- secondly. It is important to make sure that every provision that is included in this stimulus package. Roomy design didn't geared to goods creating jobs and making those necessary investments. I say that we have the tax relief that's so critical to lower income and middle income and America we prince said the president's signature item made work tax credit. -- Alternative Minimum Tax. At preserving jobs and investments in small businesses into the lifeline. Two economic. Reversal. I so both of the kinds of issues that are going to be important to making sure that we can jump stacked this economy. The key is making sure that we provide everything in this legislation. I've -- isn't just a matter of spending federal dollars but that every dollar is spent efficiently. And effectively. Ended his geared for stimulus. Events at the outset. Not any spending is stimulus seemed really have to. Consider every measure to ensure it -- it's going to be designed in targeted for the purposes. Of this legislation that is so key to the future of our economy. So I'm very pleased to have been a part of this I know produce a lot of differences both sides of the album -- the house and the sad ending to the president. That the time has come to bring everybody together to that we can move forward -- that most of our that the American people have the assurance. That we can develop a solution. And they can make a profound difference at this very a great moment in time. Senator."

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