WASHINGTON, Feb 16 (Reuters) - U.S. President Barack Obama's $787 billion stimulus prevented another Great Depression while creating or preserving 2 million jobs, according to a White House report to be released on Wednesday. The report, signed by Vice President Joe Biden who oversees how stimulus money is spent, stressed the depth of the crisis confronting Obama when he took office 13 months ago, as the President constantly reminds Americans in his speeches. But it also highlighted Obama's challenge of trying to cut a 9.7 percent jobless rate that has fueled voter discontent...Link
Wednesday, February 17, 2010
Obama stimulus plan halted economic freefall.
WASHINGTON, Feb 16 (Reuters) - U.S. President Barack Obama's $787 billion stimulus prevented another Great Depression while creating or preserving 2 million jobs, according to a White House report to be released on Wednesday. The report, signed by Vice President Joe Biden who oversees how stimulus money is spent, stressed the depth of the crisis confronting Obama when he took office 13 months ago, as the President constantly reminds Americans in his speeches. But it also highlighted Obama's challenge of trying to cut a 9.7 percent jobless rate that has fueled voter discontent...Link
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment