Nasdaq chief backs Bush plan

Speaking at the annual World Economic Forum in Davos, Bob Greifeld urged Congress to speedily pass a stimulus package.

JAN 24, 2008

By Bloomberg

A U.S. stimulus package may be just the shot in the arm the U.S. economy needs to prevent a recession, according Nasdaq president and chief executive officer Bob Greifeld. Speaking at the annual World Economic Forum in Davos, Switzerland today, Mr. Greifeld urged Congress to pass a stimulus package with all speed. The proposed stimulus package, which has yet to come before congress, has promised $150 billion in funds to revitalize the American economy, according to published reports. “I think the stimulus package that’s been proposed by the President and Secretary (Henry) Paulson, to the extent that this is passed in rapid fashion by Congress I think has the ability to forestall a recession,” said Mr. Greifeld, speaking to Reuters.

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