HEADLINE
Obama speeds projects to create, save 600,000 jobs
Mon Jun 8, 2009 8:48am EDT
By Doug Palmer WASHINGTON (Reuters) -
By Doug Palmer WASHINGTON (Reuters) -
President Barack Obama said on Monday he expected to create or save 600,000 jobs over the next 100 days by expediting 10 major projects funded by a huge stimulus package that Congress passed in February.
"We have a long way to go on our road to recovery, but we are going the right way," Obama said. His statement came three days after a Labor Department report showed the U.S. unemployment rate rose to 9.4 percent in May, even though the pace of monthly job losses slowed to 345,000.
"We have a long way to go on our road to recovery, but we are going the right way," Obama said. His statement came three days after a Labor Department report showed the U.S. unemployment rate rose to 9.4 percent in May, even though the pace of monthly job losses slowed to 345,000.
"We will not grow complacent or rest. Surely and steadily, we will turn this economy around," Obama said.
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What he meant to say was: "Surely and steadily...we will burn this economy into the ground." And as for "speed" I see nothing but higher unemployment and a sinking economy to show for the $787 billion stimulus bill passed in Feb. The only speed I observed was the speed his administration and congress displayed in getting the pork-laden stimulus bill passed.
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