Economy
Our economy has not seen such turmoil since the 1930s. As our financial system struggles and our housing markets contract, too many jobs have been lost and too many families are teetering on fiscal calamity. At a time when the private markets are not responding, it is essential that the government aggressively address this problem.
First, we must take swift action to assist families as they work through a difficult financial period. Increases to vital health care programs, food and energy assistance, and unemployment compensation are essential for American families. While temporary assistance is vital, we must also focus on making sure a families’ long-term investment - for many, their home - is protected. This means a partnership between the public and private sector to help families stay in their homes through lower mortgage rates and reasonable monthly payments. By protecting this foundation, we can help ensure this economic downturn doesn’t turn into permanent poverty for today’s middle class families.
