Neugebauer Says More Jobs Will Help Boost Economy - KCBD NewsChannel 11 Lubbock

10/27/08

Neugebauer Says More Jobs Will Help Boost Economy

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As the economy continues to slip, Congressman Randy Neugebauer says more jobs are needed to help get the economy back on track. Meanwhile, Democrats are pushing the idea of another economic stimulus.

Congressman Neugebauer voted against the emergency economic bailout act earlier this month. However, the congressman says another economic stimulus plan is not the solution to America's financial meltdown. "I think we are very fortunate to live in West Texas where we actually have employers looking for people to come work here," said U.S. Congressman Randy Neugebauer.

But despite Lubbock's growing economy more jobs are still needed. "If we are going to get our economy going again, is there better ways to do that. And I've always said the best way to get our economy is to stimulate job creation and not spending anything," Neugebauer said.

More than two million Americans have lost their jobs in the past year. In addition, experts say it's going to get worse. Last week house Democrats outlined a more than $150 billion economic stimulus measure to follow the billion dollar bank rescue plan congress passed earlier this month. "I think it's kind of indicative of how we got into the situation we are in. We've just borrowing and borrowing at the federal level, companies and individuals," Congressman Neugebauer said.

Neugebauer also says he doesn't know where we would get the money for another stimulus package. "Everybody was over leveraged. So now for everybody to step up and do a stimulus package where we have to spend $150 to $300 billion where we'll have to have to borrow. I'm not sure that's the right prescription," Neugebauer said.

Monday, NewsChannel 11 also caught up with U.S. House of Representatives District 19 Democratic candidate Dwight Fullingim. Fullingim supported the $700 billion bailout plan which congress approved earlier this month. But he says as for the Democrats new stimulus measure it's a different story. "I'm not ready to endorse a stimulus package as of this date," Fullingim said.

We also tried to reach the libertarian candidate Richard Peterson, but were not able to contact him.

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