Obama to Push for Cash for Jobs

[steven johnson]

Source: ABC News

The White House pitched Friday's jobless report as the start to stabilization while President Barack Obama planned to push for another $5 billion to help create much-needed jobs.

Obama planned an afternoon event to announce $2.3 billion in tax credits that Congress has already approved to create some 17,000 green jobs as the nation is weighed down by an unemployment rate stuck at 10 percent. Trying to paint the White House as fighting to rebuild the economy, officials said the poor jobs report underscores the challenges the president faces.

"Building a robust clean energy sector is how we will create the jobs of the future," Obama said in prepared remarks. "The Recovery Act awards I am announcing today will help close the clean energy gap that has grown between America and other nations while creating good jobs, reducing our carbon emissions and increasing our energy security."

"There is no greater priority for this administration than getting Americans back to work," Treasury Secretary Tim Geithner said in a statement. He said the tax credits awarded Friday would spur the private sector into investing more than $5 billion in renewable energy and clean energy technology.



Read more: http://abcnews.go.com/Business/wireStory?id=9512649

[Don Caballero]

1. Great news. President Obama is showing real leadership in this economic downturn

Just imagine if the shrub were still in charge. Yikes.

[roguevalley]

10. this needed to be done months ago. as long as people are massively

out of work, the possibility of demagogues turning them into a mob exists.

[No Elephants]

11. Third Millenium Americans turn into a mob? Do you think we have it in us>

[winyanstaz]

2. well its a start and I am glad to see it.

K & R

[GeorgeGist]

3. Kubuki anyone?

A whole $5 billion. WOW.

[davidwparker]

4. Good. How is the rollback of tax credits to companies that

offshore going? Has the stopping of H1B abuse going?

[OhioChick]

8. Shhhh.....We're supposed to forget about all that. n/t

[Jackpine Radical]

5. $5 bil is light, but it's a start.

I've been very critical of Obama recently, so I take great pleasure in noting this small step in a very good direction. Now, if he would only put about 10% as much into jobs as he and Bush combined did into the financial industry…

[TheWatcher]

6. How much has been earmarked for the continuing and expanding Wars, Mr. President?

Trying to keep the serfs quiet and in line by throwing them a crumb?

[groundloop]

7. Good news.

This is where the country needs to be headed. It'd be nice to see this happening faster, but overall it's good to see.

[sandnsea]

9. $7.3 billion total, Full Text of remarks

"In fact, this initiative has been so popular that we have far more qualified applicants than we’ve been able to fund. We received requests for roughly three times as much in funding -- $7.6 billion -- as we could provide. And that’s why, as part of the jobs package on which I’m urging Congress to act, I’ve called for investing another $5 billion in this program, which could put even more Americans to work right away building and equipping clean energy manufacturing facilities here in the United States."


http://obama-mamas.com/blog/?p=929

[No Elephants]

12. 1 trillion for TARP, 7.3 billion for jobs. I wonder who'll get these new jobs.

[SpartanDem]

13. The entire stimulus package was 787 billion

but don't let facts get in your way