About Us | Submit an Ad/Contact Us | Subscribe | Commercial Printing
Partly cloudy 50°5 Day Forecast
Home : News : Local News : Politics
AP: White House: 650,000 Jobs in New Stimulus Report
10/30/2009
email this storyEmail to a friendpost a commentPost a Commentprinter friendlyPrinter-friendly
WASHINGTON (AP) - About 650,000 jobs have been saved or created under President Barack Obama's economic stimulus plan, the White House said Friday, saying it is on track to reach the president's goal of 3.5 million jobs by the end of next year.

New job numbers from businesses, contractors, state and local governments, nonprofit groups and universities were scheduled to be released publicly later Friday. White House economic adviser Jared Bernstein said the figures will show that, when adding in jobs linked to $288 billion in tax cuts, the stimulus plan has created or saved more than 1 million jobs.

The data will be posted on recovery.gov, the web site of the independent panel overseeing stimulus spending.

"It's a great example of the unprecedented transparency, where the American taxpayer can point and click and see their taxes creating jobs," Bernstein said.

Government recovery plans - everything from the $787 billion stimulus to tax credits for buying new homes to government deals on new cars - are credited with helping the economy grow again after a record four straight losing quarters.

But the job market has yet to show signs of recovery, putting pressure on the White House to show that the stimulus was worth its hefty price tag.

When it is released Friday, the new data will be the largest and most complete look at how the stimulus money has been spent so far. The White House promised the data would be far more reliable than the first batch of numbers on federal contracts, which the administration initially embraced, then branded a "test run" after thousands of errors were discovered.

Teachers are expected to represent the largest number of jobs in the report. With state budgets in crisis, federal aid helped governors avoid major cuts in education, which officials said spared hundreds of thousands of teachers from the unemployment line.


©Washington Missouri 2009

Submit your comment now
Comment Title:
Submit your comments on the article in the space below:
Your Name:
Your City & State:  
Your Email Address: (required)
What's This?
In order to verify you are not a spam-bot you will need to use the image above.
The addition of the flashing numbers above =
By submitting your comment, you acknowledge that you have read and accept the Terms and Conditions of this site.

email this storyEmail to a friendpost a commentPost a Commentprinter friendlyPrinter-friendlyTop

Today's Most Read
Beste-Elliott United in Marriage (324)
Holiday Event Craft Booths Going Fast (271)
Police Agencies Continue Debit Card Fraud Probe (223)
Councilmen, Mayor Spar Over Handling of Apartment Plan (190)
Death Notices for Thursday, Nov. 19 (162)
 
Site Map

Local News
Home
Top Stories
Washington
Union
St. Clair
Pacific
Warren County Record

More News
Sports
Business
Death News, Obituaries
Legal Notices
My Mo Youth
Senior LifeTimes
Franklin County Hall of Honor

Photo Galleries
News
Sports
Artistic
Photos by You

Features, People
Feature Stories
Weddings, Births, Engagements
Missourian In Education

Opinion
Editorials
Letters to the Editor
Online Extras
Email Updates
This Week's Events
Links to Community Web Sites
Local Church Directory
Weather
Fun and Games

Advertising
Classifieds
Yellow Pages
Shop Our Ads
Classified Line Ad Submissions
Garage Sale Ad Submissions

About Us
Who We Are
How to Advertise
Subscription Information
Missourian Vendors
Commercial Printing
Contact Us


For general questions about the website, write to webmaster@emissourian.com
Copyright © 2008 The Missourian Publishing Company. All Rights Reserved.
Copyright © 1995 - 2009 Townnews.com All Rights Reserved.