FOR IMMEDIATE RELEASE
February 16, 2021
Maddy McDaniel, Communications Director
NEW DIGITAL AD “CRISIS BUILT AMERICA”: BIG, BOLD ACTION DURING NATIONAL EMERGENCIES PRODUCED AMERICA’S PROUDEST ACHIEVEMENTS, GROWTH
President Biden’s $1.9 Trillion Covid Relief Plan Would Give $1 Trillion in Unemployment Insurance and Direct Checks to Struggling Families, Keep Small Businesses Afloat, and Keep Essential Workers on the Job
The American Rescue Plan Would Boost GDP By 4% by the end of 2021, Says Brookings
Majority of Americans Want a Large Covid Relief Package As Soon As Possible, Even Without A Bipartisan Vote In Congress
WASHINGTON, D.C. — Today, Invest in America launched a new digital ad, “Crisis Built America,” highlighting the United States’ history of recovering from crises with big, bold action and robust public investment. From the moon landing, to the polio vaccine, to Depression-era reconstruction projects, investing in America has pulled the economy out of crisis time and time again and led to some of our country’s proudest achievements. The ad will run on targeted digital platforms. View the digital ad here.
“Throughout history, robust public investment has paved the way for America’s finest achievements and a roaring economy. When we needed to rescue our country after the Great Depression or develop a vaccine to crush the polio epidemic, we rose to challenge with the resources and urgency that the emergencies required — and didn’t waste time fighting about how to pay for it,” said Zac Petkanas, senior advisor to Invest in America Action. “The country is in crisis again, with 10 million people out of work, businesses shuttered, and one in four American struggling to put food on the table. It’s time to meet this crisis with the same bold action that took us to the moon, brought us back from the brink of the Great Depression, and has rebuilt our country time and time again.”
President Biden’s American Rescue Plan would put money directly in the pockets of people in need, give support for struggling small businesses, help get people vaccinated and keep essential workers on the job. Expert research shows that these measures are needed to rescue and grow the American economy.
Expanding unemployment insurance now would support more than 5 million jobs, and boost the GDP by 3.7%, according to the Economic Policy Institute.
Every dollar spent on unemployment insurance generates a $1.64 increase in GDP.
Every dollar invested in state and local aid generates $1.36 in GDP growth
Federal Reserve Chair Jerome Powell credited the stimulus checks and additional unemployment insurance passed in 2020 with a rebound in household spending.