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Taxpayers must pay the freight for over-budget train projects
Topic - Lanhee Chen
The Federal Reserve took aggressive action Thursday to try to reinvigorate the economy and generate more jobs, announcing a major program of purchasing $40 billion a month in mortgage bonds that it hopes will drive down interest rates to record lows and spur faster growth.
It is a tale of two tours: One for Mitt Romney, the other for those who pine to be his running mate.
President Obama's speech Friday to one of the country's largest Hispanic organizations has changed from a potential trip through the gantlet into what amounts to a victory lap after he announced last week that he was unilaterally halting deportations of young illegal immigrants.
"We should be creating wealth, not printing dollars," said Lanhee Chen, policy director for Romney for President. "After four years of stagnant growth, falling incomes, rising costs and persistently high unemployment, the American economy doesn't need more artificial and ineffective measures."
"The study ignores the positive benefits to economic growth from both the corporate tax plan and the deficit reduction called for in the Romney plan," Mr. Chen said. "These glaring gaps invalidate the report's conclusions."