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PNS Daily Newscast - August 14, 2020 


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McCain Speech Points for Idahoans to Listen For

September 4, 2008

Boise, ID – Senator John McCain accepts the Republican presidential nomination tonight, and Idahoans are being encouraged to listen closely to his speech.

Economist Heidi Shierholz of the Economic Policy Institute says, recent U.S. Census Bureau reports show many Americans have seen their wages stagnate or fall over the past seven years, so an acknowledgment of the struggles of working families would be a welcome point. She is also convinced that there are proven methods to stimulate the economy. In her view, tax rebate checks have worked, and she says making good on the nation's backlog of road and bridge repairs would help, too.

"The country has billions of dollars worth of infrastructure programs that have gone unfinished due to lack of funds."

Idaho governor Butch Otter has been promoting ways to deal with the state's backlog of infrastructure projects, and a federal injection of money could pave the way to get those projects finished.

Shierholz considers the presidential transition a good time to "tune up" the U.S. economy. She believes that, no matter who wins, today's economic woes are not going to be a repeat of the Great Depression.

"It's not going to be an out-and-out crisis. Weak job growth is going to last for the next couple of years, but it will eventually turn upward again."

Shierholz says Idahoans should also scrutinize Democratic presidential nominee Barack Obama's speeches as he hits the campaign trail – to see if he acknowledges the economic situation, and shares details about what hie would do to benefit working families.

Deborah Smith/Chris Thomas, Public News Service - ID