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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (56770)12/1/2001 10:04:52 PM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Bush, Democrats face off on economic stimulus
December 1, 2001 Posted: 2:00 PM EST (1900 GMT)

cnn.com

WASHINGTON (CNN) -- President Bush on Saturday urged Congress to end weeks of delays and quickly approve a stimulus bill to help revive the nation's struggling economy, using his weekly radio address to pressure lawmakers who have been feuding over what form the package should take.

Meanwhile, Democrats responded by accusing Republicans of "playing politics" with the stimulus package. In the Democratic weekly radio address, Sen. Harry Reid, D-Nevada, said the stimulus package approved in the Republican-controlled House of Representatives provided huge tax cuts for big business but does "virtually nothing" to help workers laid off because of the weak economy.

The package has been stalled in the Senate, where Democrats are pushing for funds to extend unemployment and health care benefits for workers who have lost jobs during the economic downturn that began last year. Republicans are pushing for more tax cuts, such as one month Social Security payroll tax holiday and tax cuts for businesses.

In his radio address, Bush cited this week's announcement by economists that the U.S. economy has been in recession since March and the economic impact of the September 11 terrorist attacks as reasons to act with urgency.

"There are two immediate priorities for America's recovery," Bush said. "We must bring quick help to those who need it most, and we must restore our economy's growth.

"It's the holiday season. It's