RAEFORD, NC – Tim D’Annunzio, Republican candidate for Congress in the 8th district of North Carolina, today commented on President Obama’s plan for a second stimulus package to jump-start the economy and create jobs.

“President Obama is absolutely wrong in thinking we can spend our way out of this recession,” Tim D’Annunzio said. “The first stimulus package of $787 billion actually caused our economy to lose jobs, and our unemployment rate skyrocketed from 8% to its current rate of over 10%.”

Without giving a price tag, President Barack Obama outlined a new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to “spend our way out of this recession” until more Americans are back at work.

“This economy cannot afford to lose any more jobs – but this spending package will do exactly that. President Obama thinks he can throw money at the problem, but spending our way out of a recession is not the answer. The way to put people back to work and encourage companies to invest in new employees is to lower taxes and reduce regulation.

“As the only job-creating businessman in this congressional race, I know what it takes to spur job growth. In Washington, I will work to keep taxes low for small businesses and encourage companies to expand and grow to create more jobs right here in the 8th district.”

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A U.S. Army veteran, Tim D’Annunzio was an infantryman, parachute rigger, and member of the prestigious Golden Knights parachute team. He has lived in the 8th district for 30 years. As a businessman and owner of Paraclete XP Skyventure, the world’s largest indoor skydiving facility and wind tunnel, he has created jobs in Hoke County and stimulated the local economy.  Tim is a conservative Republican supporting smaller government, lower taxes, and a stronger military. Visit www.TimVote.com.

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