More Than a Hundred Economists, Labor Leaders to Call for Nearly $1 Trillion Boost to the Economy

[Omaha Steve]

http://www.marketwatch.com/news/story/More-Than-a-Hundred-Economists/story.aspx?guid={1A7CE399-A546-410B-84FA-65F95B52736D}

Last update: 2:11 p.m. EST Dec. 8, 2008
WASHINGTON, Dec 08, 2008 /PRNewswire-USNewswire via COMTEX/ -- Longest Downturn Since Great Depression Reinforces Need For Bold Economic Recovery Package

With payrolls plunging, retail sales dropping and manufacturing contracting, economists and labor leaders will raise the stakes for how much the government should invest in an economic recovery package on a conference call with reporters on Tuesday.

Participants on the call will launch a campaign to pass a substantial, strategic and sustained economic recovery bill for President-elect Barack Obama to sign when he takes office. They will also release a statement signed by more than a hundred economists and dozens of labor and progressive leaders calling for a boost to the economy of at least $900 billion over the next two years and outlining a specific breakdown of where those investments can be made most effectively.

NEWS TELECONFERENCE TO KICK OFF BOLD ECONOMIC RECOVERY CAMPAIGN
DATE: Tuesday, Dec. 9, 2008
TIME: 2:30 p.m. EST
CALL-IN: 866-550-6338, code 3682422

PARTICIPANTS: Robert Borosage, co-dir., Campaign for America's Future
James Galbraith, economist and Univ. of Texas professor
Andy Stern, president, SEIU (invited)
Leo Gerard, president, USW
SOURCE Campaign for America's Future