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You are here: Home / Politics / Govt / Will economic plan help?

Will economic plan help?

January 29, 2008 By WRN Contributor

As an economic stimulus package works its way through Congress, one Wisconsin lawmaker wonders if it will be enough.

Wisconsin Congressman Ron Kind (D-WI) says the proposal will only be a temporary fix for a troubled economy. He says no plan can fix the past seven years worth of failed and misguided economic policies under President Bush.

The U.S. House passed a compromise plan on Tuesday, but debate continues in the Senate over what the version sent to the President should include. Kind is confident the President and Senate can reach an agreement, but they need to move forward quickly.

While the debate continues, Kind says the President should consider other ways to reduce consumer costs. He's calling on President Bush to suspend the purchase of oil for the nation's strategic petroleum reserve. Kind says 75,000 barrels of oil are being taken off the market at record prices, to fill a reserve that's 95 percent full. Keeping the oil on the market, kind says, could lower the price of oil by $6 a barrel and lower prices at the pump by as much as 25 cents a gallon.

AUDIO: Andrew Beckett reports (MP3 :55)

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