Barack Obama to increase stimulus spending.

Saying, “we’re in a position to really accelerate,” President Barack Obama announced Monday that he is ramping up stimulus spending exponentially in the next three months, allowing the administration to “save or create” 600,000 jobs — four times as many as during the first 100 days since he signed the bill. The spending plans include national parks, summer youth jobs, veterans’ medical centers, police and teachers. In remarks delivered before a meeting of his cabinet Monday, the president said he’s seen “modest progress” in the economy, citing job loss figures that beat Wall Street expectations for the month of May. Still, he said, the job losses are still too high. “I’m not satisfied,” he said. “We’ve got more work to do.”...Link