The Center for American Progress Action Fund and the Center for Economic and Policy Research are promoting a sign-on letter for economists in support of the proposed stimulus bill (the “Economic Recovery and Reinvestment Act”).
We the undersigned encourage Congress to quickly pass the Economic Recovery and Reinvestment Act and stem the tide of rising joblessness.
The United States is in a recession that threatens to be deep and protracted. Each month, employers are shedding hundreds of thousands of jobs. To stop the hemorrhaging of jobs and pull the economy back from the edge, policymakers must act quickly and decisively. A critical needed action is significant fiscal stimulus specifically designed to boost employment and economic growth.
To this end, Congress and the new administration have put together an economic recovery plan of unprecedented scope and size. The $825 billion Economic Recovery and Reinvestment Act is of the scale and breadth necessary to begin tackling the mounting problems faced by our economy. The plan proposes important investments that can start to overcome the nation’s damaging loss of jobs by saving or creating millions of jobs and put the United States back onto a sustainable long-term growth path.
We do not have the luxury of a lengthy debate over the best course of action. This legislation may not be enough to solve all the economy’s problems, but it is urgently needed and an important step in the right direction.
To sign-on (economists only) or view a complete list of signatories, click here.