Economic Stimulus and Job Creation
Immediately after taking office earlier this year, President Obama worked with Congress to put together a bold response to the economic challenges and hardship that Americans have been facing.
The stimulus package, known formally as the American Recovery and Reinvestment Act, has already made a difference, helping to jumpstart our economy while also making important investments – in education, health care, clean energy, new technology, infrastructure and transportation – that will continue to pay off well into the future.
I remain concerned about the high level of unemployment in California and nationally and will continue my efforts to help put more Americans back to work. Although we have a way to go, there are signs that the economy is indeed rebounding and job losses are slowing. Economists credit the stimulus package for preventing a more severe crisis and even higher unemployment.
Funding in the stimulus package has prevented layoffs of many nurses, police officers, firefighters and teachers, enabling them to continue both to provide for their families and serve our communities. In addition, the stimulus has created jobs for workers constructing and repairing vital infrastructure and transportation projects.
More on Economic Stimulus and Job Creation
Congresswoman Waters (CA-35) today issued the following statement reacting to news that the Joint Select Committee on Deficit Reduction was unable to reach bipartisan agreement and present a deficit reduction package to the Congress, pursuant to the Budget Control Act of 2011:
On November 18, 2011, Rep. Maxine Waters (CA-35) introduced a key component of President Obama's American Jobs Act—Project Rebuild. She was joined by 17 other Democratic Members as sponsors of H.R. 3502, the "Project Rebuild Act of 2011." Project Rebuild builds upon the success of the Neighborhood Stabilization Program (NSP), which Rep. Waters authored in 2008 and for which she has secured $7 billion in funding.
Today, the Obama Administration announced it is taking steps in making it easier for Americans to manage student loan debt and apply for federal financial aid. The announcement is apart of a series of executive actions the President is taking to assist in putting Americans back to work and strengthen the economy. The Congresswoman's comments on this proposal are below:
Congresswoman Maxine Waters made history today when she delivered the first-ever speech on the House floor complied entirely of posts from her Twitter and Facebook accounts. Two weeks ago, Congresswoman Waters took to Twitter and Facebook pages to ask her "followers" to send her what they would say to House Republicans if they had the opportunity to make a speech on the House floor. We received thousands of comments from people all over the U.S. The highlighted and under-lined names are the people whose posts we used to create the speech.
For Immediate Release:
Contact: Mikael Moore, 202-579-7023
October 14th, 2011
Today, Rep. Waters released the following statement:
'"Over the last several weeks, I have heard from you in a variety of ways about our nation's struggling economy and unemployment. You have written letters, called, posted on my Facebook page and tweeted me, expressing your concern and your ideas about how to keep America moving forward. More people, especially here in Washington, need to hear your voice, concerns and ideas.
This evening, as the President speaks to the nation about his plan to create jobs, he must acknowledge the economic disaster in the African American community, whose unemployment rate hovers at roughly 16.7 percent, almost double that of the general population and equal to depression-era levels. He must then articulate how the plan he puts forth will target the communities with the highest rates of unemployment, including the African American community.
Congresswoman Waters released the following statement after her vote in the House of Representatives yesterday against the Republican debt ceiling package (known as the Budget Control Act of 2011):
Mr. Speaker, I must congratulate the Tea Party for extorting the deal made in their image, and their image alone. The cuts will be deep, they will be lasting, and they will weaken an already-depressed economy.
What's clear is that the Tea Party is so ideologically driven to kill government that they're willing to kill the private sector, kill jobs, and kill growth in the process.
by John Taylor, President and CEO of the National Community Reinvestment Coalition
If Washington is serious about addressing job creation, the White House and Congress should support the expansion of a 33-year-old law, the Community Reinvestment Act (CRA), legislation that has invested over a trillion dollars into our economy during the past decade.
And, they don't have to spend a dime of taxpayer money.