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
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.
By Santiago Esparza
The chants of thousands of people demanding jobs filled the air downtown as UAW President Bob King and the Rev. Jesse Jackson led the crowd to Grand Circus Park.
The UAW and Jackson's Rainbow Push Coalition announced the Rebuild America: Jobs Justice Peace kickoff today at the downtown park.
By RHONDA B. GRAHAM
It's unfortunate that the first black American president feels he can't confab with African-American leaders about jobs in their community outside Black History month.
This is the distinct impression from Barack Obama's Oval Office meeting Wednesday with Benjamin T. Jealous, president of the National Association for the Advancement of Colored People; Marc H. Morial, president of the National Urban League; and the Rev. Al Sharpton, president of the National Action Network.
By Christi Parsons and Janet Hook
Amid signs that black Americans are not sharing in the nation's fledgling economic recovery, President Obama on Wednesday met at the White House with African American leaders, who urged him to adopt a new approach more tightly focused on chronically depressed communities.
While the unemployment rate in January dropped below 10% for the first time in five months, joblessness among blacks increased slightly, to 16.5%.
By Joseph Williams, Globe Staff
Stung by accusations from some African-Americans that he has not done enough for urban communities, President Obama has embarked on an effort to soothe a constituency once counted as his fiercest source of support.
In a series of interviews this week with media outlets aimed at African-Americans, Obama said he understands pent-up frustrations about foreclosures, bank bailouts, and festering social issues, while he also challenged assertions that he has given short shrift to cities.
By Hazel Trice Edney - NNPA Editor-in-Chief
The 10 Black members of the powerful House Finance Committee are still being applauded this week for boldly boycotting a committee meeting in order to force a $4 billion allocation to benefit the Black community.
They have told the NNPA News Service that they plan to escalate protests if lawmakers continue to ignore the suffering of their constituents, including advertising discrimination against Black newspapers.
By Richard Simon