California Gov. Schwarzenegger Meets with Building Industry Leaders to Discuss Ways to Keep California’s Economy Growing

01/22/2008 -- California Governor Arnold Schwarzenegger today issued the following statement after meeting with members of his cabinet and building industry leaders to discuss further actions to stimulate the economy:

“I am meeting today with construction industry leaders to do everything we can to expedite release of billions of dollars in infrastructure bonds to help keep our economy growing and put people back to work.

“I am also today sending a letter to the Congressional leaders urging quick passage of legislation to raise limits for government loan programs. Raising these limits would do more than anything else to pump badly needed credit back into our housing market and revive our economy. It will also help reduce foreclosures and will allow more people to achieve the American Dream with solid, responsible loans.”

Today’s meeting was a follow up to an emergency cabinet meeting the Governor called last week, where he instructed agency directors and department heads to immediately recommend ways the Administration can work with the legislature to speed the release of $29 billion in unallocated funds from the 2006 infrastructure bonds.

Source: California Governor

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