According to the Washington Times, the Congressional Budget Office stated on Wednesday that President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing. According to the article:
"CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary."
This is a bad bill and needs to be stopped. Please contact you Senator, because if it is stopped, it will be in the Senate.
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