Rebuild America

Senator Bernie Sanders welcomed Federal Reserve Chairman Ben Bernanke's endorsement of congressional efforts to craft a "significant" new economic recovery package. "Above and beyond the serious crisis facing our financial institutions which was caused by Wall Street greed, we must address the economic problems which are now impacting working families in Vermont and across the country," Sanders said. "That is why I support the passage, as soon as possible, of a strong economic recovery package w

Senator Bernie Sanders welcomed Federal Reserve Chairman Ben Bernanke's endorsement of congressional efforts to craft a "significant" new economic recovery package. "Above and beyond the serious crisis facing our financial institutions which was caused by Wall Street greed, we must address the economic problems which are now impacting working families in Vermont and across the country," Sanders said. "That is why I support the passage, as soon as possible, of a strong economic recovery package which can create millions of decent paying jobs rebuilding our crumbling infrastructure and moving us to energy efficiency and sustainable energy."

The senator commented after Bernanke testified on Monday before Congress on the need for a new legislative package designed to create jobs and fend off recession. Without putting a dollar amount on the size of the package, the Fed chief said that "given the slowing of the economy, I think it should be significant."

It was the first time the central bank boss explicitly endorsed a second stimulus package. The government sent out about $100 billion in tax rebate checks last summer, but consumer spending has struggled since then. Retail sales fell for three consecutive months through September.

Sanders first publicly called on October 10 for what he dubbed a Rebuild America package that would fix crumbing roads, bridges, highways, schools, repair water and sewer systems, develop alternative energy sources, extend unemployment benefits, and expand health care services. "What I am trying to do now is work with others members of Congress to come up with a major Rebuild America program," Sanders said at the time.

Sanders was in Washington today to preside over a pro forma session of the Senate.