Senate Republicans offering “American option” for economy

In a meeting today at the Heritage Foundation, Senator Jim DeMint (R- SC) stated that the economic stimulus plan which President Obama is presenting is “indifferent to obvious economic principles.” DeMint believes that it is designed to treat the symptoms and not the causes of the failing economy, and will not create economic stability.

“Only about 11% could actually be called economic stimulus, its a grab bag of spending wish lists that’s been hanging around here for years,” he said.

The Senator went on to present the plan which the Republicans have created, the “American option,” which seeks to made current tax rates permanent in order to create stability and predictability which will allow for economic growth and job creation.

“We know it will work, the facts are with us. Basically, it goes back to the idea, let’s leave the money in the economy, let’s not take quite so much out. Let’s leave it with the people who are working, producing, and investing, and saving; that’s going to actually create the jobs,” he stated.