81R13366 BPG-D
  By: Davis, Wendy S.R. No. 447
         WHEREAS, Since this recession began, a staggering number of
  Americans have lost their jobs, and the heavy burden of
  unemployment is causing the economy to weaken further; and
         WHEREAS, The American Recovery and Reinvestment Act signed by
  President Barack Obama on February 17, 2009, appropriates $787
  billion in federal funds to jumpstart economic recovery; the
  stimulus package is designed to help economically devastated cities
  and states, to create or save some 3.5 million jobs, and to invest
  in infrastructure, green energy, and technological innovation; and
         WHEREAS, In order for the stimulus funds to have the greatest
  impact and to maximize the creation and preservation of jobs, they
  should be spent, as much as possible, on domestic materials, goods,
  and services; and
         WHEREAS, The Congressional Budget Office has noted that the
  most effective type of fiscal stimulus is one that directs money to
  people who are most likely to spend it quickly; thus, when a
  stimulus allows a United States household to purchase the items it
  needs, demand in this country is increased, and the initial
  stimulus sets in motion further periods of economic consumption in
  a process known as a "multiplier" effect; the degree of stimulus
  provided depends on how much of the resultant spending goes to
  purchase domestically produced goods, because if the additional
  consumption is satisfied by imported goods, the income of foreign
  producers rises, and the stimulus is essentially exported; and
         WHEREAS, The number of American workers drawing unemployment
  aid jumped to a record high of nearly five million in early February
  2009, and this labor market deterioration is sending the economy
  into a deeper spiral; in order to maximize the effectiveness of the
  stimulus package at this crucial moment, it is imperative that the
  funds be spent domestically whenever practicable, using American
  tax dollars to amplify aggregate demand and create the greatest
  number of American jobs possible; now, therefore, be it
         RESOLVED, That the Senate of the 81st Texas Legislature
  hereby express its intent that funds provided to the State of Texas
  by the American Recovery and Reinvestment Act be spent, as far as
  practicable, on domestic goods, materials, and services.