Obama Ramps Up Stimulus to Create 600,000 More Jobs
With the unemployment rate at 9.4 percent for May, the president pledges to get people back to work
In the wake of news that the unemployment rate hit 9.4 percent in May, President Barack Obama is ramping up the $787 billion stimulus package. He announced this morning that he's asking his cabinet members to accelerate 10 major Recovery Act projects in order to create or save jobs more quickly than before. The goal is 600,000 jobs over the next 100 days.
"We have a long way to go on our road to recovery, but we are going the right way," the president said in a written statement. "Surely and steadily, we will turn this economy around."
In the first 100 days after the stimulus was signed, about 150,000 jobs were created or saved, according to projections made by the White House. By setting ambitious targets for the various departments involved in projects already picked, this push would create or save four times that number. Programs range from funding 135,000 education jobs to starting work in 107 national parks.
Along with the announcement, dubbed the "Roadmap to Recovery" by Obama and Vice President Joe Biden, the White House launched a new government website today. The site, WhiteHouse.gov/Recovery, focuses on sharing news and success stories of the stimulus package.
The attempt to put more emphasis on the stimulus comes on the heels of the Labor Department's announcement that the unemployment rate was higher in May than it has been in 25 years. That news further exposed the errors of the White House's initial predictions that it wouldn't go higher than 8 percent (it reached that mark back in February). It also invited partisan attacks, with the GOP seizing the moment to argue for the ineffectiveness of the stimulus plan. Despite the 150,000 jobs saved, the economy overall has lost more than 1.6 million since the bill was approved in February.
While Obama said that the Recovery Act would create or save 3.5 million jobs, he has been consistent in emphasizing that a full economic recovery would not be immediate. And the worse the economic news gets, the more his advisers are underlining that reality—even if they're keeping hopes high for the effects of the stimulus.
- Read about the stimulus in the first 100 days.
- Read more about the economic stimulus.
- Read about 10 winners in the recession.
Reader Comments
Bush did not make obama spend like he is spending
I disagree with the comments about this being Bush's fault. I voted for Bush and I don't agree with everything he did. But obama makes his own choices and he is sinking this Country into so much debt, who knows if we will ever climb out of it. I know many people out of work, just as you probably would know. But obama makes his own choices and Bush is not making obama do anything. I agree with those who say Mitt Romney, Sarah Palin for 2013. I would like to see Mike Huckabee in there as well. Thanks for listing what Palin and Romney stand for.
Obama- The Next Dictator
I didn't vote for Obama and I will never support him. He's the worst president if he really is the president since we have no proof of his American citizenship. His policies are bull crap, he's lied on everything, and he's changing America into a socialist country while he becomes a dictator. He's going to become the next Hitler unless we do something. He keeps lying and lying and I see right threw him. He cares nothing for America or it's people. He's doing things, he's destroying our Economy as we know it. Nothing he has done has helped. Not one single thing. He spends and borrows, and us as Americans go farther into debt because of him. We'll never be able to pay back all that money. Most of it we haven't even made yet. My kids and their kids will still be in debt. It started with Clinton and his NAFTA bill sending our manufacturers out of the country and Bush with excessive spending, and Obama who's continuing it only 100 times worse. He is out to destroy America. That's his objective.
Obama'a Policies are not working
Everything has been a lie thus far.
Obama is a blowhard who throws numbers around that can not be substantiated at all. He needs to get off the continuous campaign bus and put as much bipartisan effort into working with the Republicans in Congress as he does at every opportunity to make nice with all of the Muslims.
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