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Obama to speed up stimulus spending
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06/08/09 05:29 AM ET
President Obama will accelerate the disbursement of stimulus funds in an effort to spur job creation, the White House announced Monday.
With the increase, Obama plans to save or create 600,000 in the next 100 days. That would be four times the number of jobs the stimulus package saved or created in its first 100 days, according to the White House.
"We have a long way to go on our road to recovery but we are going the right way," Obama said in a statement. "Our measure of progress is the progress the American people see in their own lives. And until that progress is steady and solid; we're going to keep moving forward."
Vice President Joe Biden, who oversees the stimulus spending, will present Obama and his cabinet a "Roadmap to Recovery" for the next 100 days on Monday. In particular, the plan will focus on several key targets such as beginning work on 107 national parks, starting construction on 98 airports and more than 1,500 highways around the country and funding 135,000 Department of Education jobs, among others.
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With the increase, Obama plans to save or create 600,000 in the next 100 days. That would be four times the number of jobs the stimulus package saved or created in its first 100 days, according to the White House.
"We have a long way to go on our road to recovery but we are going the right way," Obama said in a statement. "Our measure of progress is the progress the American people see in their own lives. And until that progress is steady and solid; we're going to keep moving forward."
Vice President Joe Biden, who oversees the stimulus spending, will present Obama and his cabinet a "Roadmap to Recovery" for the next 100 days on Monday. In particular, the plan will focus on several key targets such as beginning work on 107 national parks, starting construction on 98 airports and more than 1,500 highways around the country and funding 135,000 Department of Education jobs, among others.
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