Pennsylvania Governor Ed Rendell is not sure the Generational Theft Act will work to fix the economy:
Pennsylvania Gov. Ed Rendell (D) backed the $787 billion stimulus but said Saturday that he isn’t sure whether it will actually fix the economy.
Rendell, at the National Governors Association meeting in Washington, said Saturday that all governors are committed to making sure that the stimulus is used for measures that can boost their states out of the recession. But he said that most governors will be watching to see what kind of effect it has on the economy.
Rendell said he’s optimistic but that “80 percent are waiting to see if this works.”
“It’s a good first step, but the challenges in infrastructure are enormous and we hope that the administration and the Congress will work with us to meet those challenges,” he said. “We’ve just scratched the surface of the infrastructure needs in this economy in the stimulus bill.”
Asked whether another stimulus will be needed, Rendell said, “I think we should see how this works first.”