"As the Institute for Policy Studies pointed out on Oct. 1, "A real 'bailout' would target the troubled households of working American families. A $200 billion ‘Main Street Stimulus Package' could bolster the real economy and those left vulnerable by the subprime mortgage meltdown." Components of such a stimulus package could include "a $130 billion annual investment in renewable energy to stimulate good jobs anchored in local economies and reduce our dependency on oil" — and "a $50 billion outlay to help keep people in foreclosed homes through refinancing and creating new homeownership and housing opportunities” — and "a $20 billion aid package to states to address the squeeze on state and local government services that declining tax revenues are now forcing." But that kind of discourse for grassroots economic stimulus hasn’t gotten into the media storyline..."
Bailout

January 1, 1970

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Original Language: English