Apparently, the Republicans and the President want us to take $140 billion, $150 billion, $160 billion and give it to the wealthiest of Americans, to the top 2 percent, as if they need help. What if we took that money and invested it in--oh, I don't know-- green technology? in wind turbines? in solar or in buses and transportation? $150 billion, what would it buy? I would suggest, with the first $70 billion, in year one, invest in teachers and in schools. With the next $70 billion or $80 billion, invest in--well, let's build the great manufacturing sector once again in the great Northeast; 160 years ago, my great, great grandparents left the textile mills in your territory, Ms. Shea-Porter, and moved to California. It was good for them, but it left the great Northeast without the textile industry. You are trying to rebuild your industries--health care technologies and other kinds of advanced technologies--which could use the incentive of $70 billion.
Editor's note · Context
Garamendi discusses investment priorities for economic growth versus tax cuts for the wealthy.
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