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Home » Economy

White House Focuses On Stimulating The Stimulus

Submitted by FWO3 on June 8, 2009 – 4:40 pmNo Comment
White House Focuses On Stimulating The Stimulus

s the nation’s unemployment rate inches toward double-digit territory, the White House insists that job creation is on the way.

Road construction employees work on a project funded by the federal stimulus in May in Littleton, Colorado.

Road construction employees work on a project funded by the federal stimulus in May in Littleton, Colorado.

Vice President Joe Biden on Monday is presenting to President Obama the “Roadmap to Recovery,” a plan to accelerate the implementation of the $787 billion stimulus plan in its second 100 days.

Obama signed into law the American Recovery and Reinvestment Act in February, vowing the program would create or save 3.5 million jobs. So far, 150,000 jobs have been saved or created by the plan — fewer than that 345,000 jobs lost in May alone.

The White House says as a result of the expedited pace, the recovery plan will create or save more than 600,000 jobs in the second 100 days. But House Republicans, who never supported the stimulus, are saying, “I told you so.”

“Today’s announcement is an acknowledgement that the Democrats’ trillion-dollar stimulus is not working, and the American people know it,” House Minority Leader John Boehner, R-Ohio, said in a statement Monday. Source: CNN.com. Click here to continue reading.

Forbarackobamaonline.com

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