US CEOs urge at least $300 billion fiscal stimulus

Source: Reuters

WASHINGTON, Nov 18 (Reuters) - Chief executives of leading U.S. companies called for a fiscal stimulus package worth at least $300 billion and urged president-elect Barack Obama to swiftly name his economic team.

Dozens of chief executives met at the Wall Street Journal CEO Council event in Washington D.C. to identify what they think should be priorities for the Obama administration and the new Congress.

Wachovia Corp's (WB.N: Quote, Profile, Research, Stock Buzz) Robert Steel and pension fund TIAA-Cref CEO Roger Ferguson were among those calling for a fiscal stimulus package to encourage consumer spending in the short term.

Overall, chief executives agreed that the U.S. economy could not recover independent of the rest of the world, and they urged the international community to coordinate stimulus plans.

A global financial crisis has led several countries into recession, tightened credit markets, raised unemployment and wrecked havoc on consumer spending.

Leaders of industry emphasized investment in infrastructure and programs with long-term benefits, and said the United States should favor permanent tax cuts over tax rebates.

CEOs lamented lack of young talent in science, technology and math, and called for a partnership with the private sector to promote a more competitive workforce.

Read more: http://www.reuters.com/article/bondsNews/idUSN183694812...

stupid losers don't even understand that they are at the top of the heap of being the worst of the worst pieces of shit on the planet

http://www.storyofstuff.com/

These same same CEOs are going to kick in/forego their bonus/benefit packages	Mind_your_head	Nov-18-08 08:47 PM	#1
those stimulus packages are nothing but a gimmick	Skittles	Nov-18-08 08:48 PM	#2
CEOs urge at least $300 billion fiscal stimulus right into their back pockets!	L0oniX	Nov-18-08 09:11 PM	#3