On the Issues

Economy

The recent economic downturn and financial crisis has affected us all. Although the unemployment and foreclosure rate in San Diego is better than in California as a whole, Susan has heard from many San Diegans who are suffering.

Susan understands that our nation is facing its most difficult economic challenge since the Great Depression and she believes that it is time for bold action and fresh thinking.

Susan believes the best way to revive our economy is to get San Diegans and all Americans working again.  This is why she supports President Obama’s stimulus plan.  According to the Congressional Budget Office, the President’s stimulus plan will create or save 3.6 million jobs across the country. 

At the same time, Susan worked hard to include more help for those members of our society that have been most dramatically impacted by the economic downturn – the unemployed, seniors, children, working families, low-income individuals, and small businesses.  The stimulus plan includes increases in unemployment benefits, job training, Medicaid reimbursement, and education funding.

Susan also supports the President’s stimulus plan because it makes a down-payment on a number of programs that will make our economy more efficient and competitive in the long term.  The stimulus plan includes funding to help us rebuild our roads and bridges, bring broadband access to all corners of the nation, invest in Healthcare Information Technology, and propel us toward an energy policy that is clean, self-reliant, and sustainable.

To find out more about why Susan supports the economic stimulus plan, please click on the following link

To get the details on the House of Representatives’ economic stimulus plan, please click on the following link

Financial Markets

The turmoil that began in the subprime mortgage market last year quickly spread into our banking sector.  To provide a firewall against further spreading of the crisis, Susan voted in favor of the Troubled Asset Relief Program (TARP) last October.

Since then, Susan has been very disappointed by the lack of information from former Treasury Secretary Paulson on how TARP funds were spent.  This is why she voted in favor of legislation requiring more accountability and transparency for future use of TARP funds so taxpayers will know exactly what they’re paying for.

In addition, Susan also supported legislation to require that at least $40-$100 billion of the remaining TARP funds be used to reduce foreclosures of owner-occupied homes.  This will help struggling borrowers stay in their homes and help address the root cause of our present economic difficulties.

To find out more about the TARP Reform and Accountability Act, H.R. 384, which Susan voted for, please click the following link

U.S. House of Representatives 1526 Longworth House Office Building Washington, DC 20515 Phone: (202) 225-2040 Fax: (202) 225-2948

4305 University Avenue Suite 515 San Diego, CA 92105 Phone: (619) 280-5353 Fax: (619) 280-5311