7/01/2010

Pelosi doesn't understand economics



Here is a transcript of part of Pelosi's statement.

This is one of the biggest stimuluses to our economy. Economists will tell you this money is spent quickly. it injects demand into the economy and is job creating. It creates jobs faster than almost any other initiative you can name. Because again it is money that is needed for families to survive and it is spent. So it has a double benefit. It helps those who have lost their jobs, but it is also a job creator.

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