In this week's Democratic Radio Address, President-elect Barack Obama discusses a report released by the Obama-Biden Transition Team analyzing the number and types of jobs an American Recovery and Reinvestment Plan will create:
We learned yesterday that in the past month alone, we lost more than half a million jobs – a total of nearly 2.6 million in the year 2008. Another 3.4 million Americans who want and need full-time work have had to settle for part-time jobs. And families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear. ... Our first job is to put people back to work and get our economy working again. This is an extraordinary challenge, which is why I’ve taken the extraordinary step of working – even before I take office – with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will call for major investments to revive our economy, create jobs, and lay a solid foundation for future growth.
President-elect Obama directed his nominee for Chair of the Council of Economic Advisers, Dr. Christina Romer, and the Vice President-elect’s Chief Economic Adviser, Dr. Jared Bernstein, to conduct a rigorous analysis of the American Recovery and Reinvestment Plan to project how many jobs it will create and what kind of jobs they will be.
Today, President-elect Obama released their report so that the American people can see exactly what this plan will mean for their families, their communities, and our economy. Dr. Romer and Dr. Bernstein concluded that the plan will likely save or create three to four million jobs. You can read their full report here.
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