Eva M. Clayton: “I want to thank both these gentlewomen for arranging the Special Order of this very important subject on the stimulus…”

“I want to thank both these gentlewomen for arranging the Special Order of this very important subject on the stimulus and pointing out to the American people what the ingredients of a good stimulus program would mean in order to benefit all Americans. I like the analogy to food, because I like soup and I like dessert and I like sweet potato pie and I also like the idea of getting a slice of the pie. I do not want dessert to be gone. American people, too, understand the very basics. They understand that this economy has had a big slowdown. In fact, recently, the Center on Budget and Policy Priorities shared some important issues in the debate. There are those who would say that investing in corporate tax reduction or incentive for corporations would be the way to stimulate this economy. But, actually, when we understand that the downturn in this economy is based on a lack of demand for services and products, meaning people are not purchasing the products and services that the corporations have, that they have invested in, therefore understandable is the business theory that if there are more products and services than people are demanding, therefore, they have to reduce their employees for that. So, as we do that, we also create a spiral, and that spiral is we have less families now with resources to buy those products and services that were already reduced. So we are increasing that spiralling that is going down.”