Maxwell Frost: “Coming from the State with the highest unemployment rate in the United States, I speak with a sense of urgency and all…”

“Coming from the State with the highest unemployment rate in the United States, I speak with a sense of urgency and all too much familiarity with the need to stimulate the economy and employment. But the corporations that have laid off thousands of Oregonians and millions of others across the United States, they do not lack cash in their coffers. Some have record amounts of cash on hand, according to the Wall Street Journal. There is no demand for their product. Now, the Republicans would shovel more cash into their treasuries that are already overflowing. Every problem should be solved by a tax cut on their side of the aisle. Surplus? Tax cuts. Terrorist attacks? Tax cuts. Deficits? Tax cuts. Recession with a lack of demand? Tax cuts. It will not solve this problem. The Democratic proposal, which will not be allowed a fair vote tonight as a true alternative, would put people back to work, would stimulate demand and would, in the interim, help people with unemployment and health care benefits. The Republicans say it is about jobs. But if you read the bill, you have got to wonder whose jobs where. Because billions of dollars, billions, would flow overseas for overseas tax shelters for interest income overseas. Whose jobs will that support here? No worker that I know in the United States will benefit from those loopholes.”