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 Michael D. Shear and Perry Bacon Jr.
Washington Post Staff Writer
Wednesday, December 9, 2009 10:06 PM
Some black lawmakers sought this week to move past a dispute with the White House, saying they are satisfied that President Obama is seeking to provide greater economic assistance to African American communities.
But the members of the Congressional Black Caucus continued to insist that the administration's efforts do not go far enough, even as other African American leaders defended the nation's first black president.
By Brady Dennis and Renae Merle
Washington Post Staff Writers
Tuesday, December 8, 2009
House Democrats are seeking to tap the government's massive bailout fund to help homeowners who have lost their jobs and are struggling to make their mortgage payments.