Posted by Tina
** In his radio address today, President-elect Obama uses some new language when discussing what he wants the stimulus package to achieve in terms of jobs. First off, he has a name for the package — the “American Recovery and Reinvestment Plan.”
The president-elect says he wants to “create three million new jobs” — this is a change from a few weeks ago, when he said he wanted the plan to create OR SAVE two million jobs. *** He says the “No. 1 goal of my plan … is to create three million new jobs, more than 80 percent of them in the private sector. *** If you do the math: 20 percent of three million means 600,000 new government employees. **
Full text of Barack Obamas remarks.
Excellent related article, Feel Like a Trillion Bucks – Only WWII was pricier than Obama’s stimulus Wall Street Journal