Carolyn B. Maloney Positions and Views on Economy

Positions and Views of Carolyn B. Maloney

on Economy

Currently Elected Rep. In Congress District 12, New York

Age:	67
Party:	New York State Democratic Party
Phone:	(212) 987-5516
Address:	49 East 92nd Street New York, NY 10128
	Website

Carolyn B. Maloney's positions and views on the issues:
Links are only provided where we have information. The first link is a report of all issues and questions made available to the candidates.

Economy	Positions and Views
Economy, a General Statement	This Administration is the first to have a net job loss since President Hoover during the Great Depression. We continue to export jobs and the Republicans have no strategy to prevent it. Outside the farm sector, real wages are falling after accounting for inflation. While corporations may be earning more, working Americans are earning less. Over the past four years, this Administration has set one record after another for debts and deficits, by spending money we don't have. We now have the largest debt, the largest budget deficit, and the largest trade deficit in the history of this nation. Much of our debt is held by foreign central banks in Asia, and any decision by those banks to stop buying dollars could have disastrous effects on our economy. Budget Deficit This Administration has turned a surplus projected in January 2001 to be almost $400 billion by 2004 into a budget deficit of over $400 billion. For the first time ever, the budget deficit has gone over $100 billion in a single month. Debt Limit This Administration has raised the debt limit three times to a record $7.6 trillion -- which means $26 thousand of debt for every man, woman and child in America. Trade Deficit For the third year in a row, the trade deficit in 2004 was at an all-time high: -- $666 billion. About 5 3/4 percent of our GDP. Our allies call this --unsustainable. For four years, the Administration's position has been that this crisis will be corrected by the continued fall of the dollar, but despite the dollar's fall against other major currencies, especially the euro, that has not happened. Source: Candidate Website (10/04/2008)
These are available issue topics for which there were no responses.
Stimulating the Economy
Recession
America's Infrastructure
Federal Reserve
Federal Reserve's Interest Rate Policy
Aging of Population

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