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We Need to Continue Working to Create Jobs
By not in system - AOL News(July 2) -- This past June, the economy gained 83,000 jobs in the private sector. Overall, employment declined by 125,000 and the unemployment rate dropped to 9.5 percent. The job losses are largely a result of 225,000 temporary census workers ending their service. However, over the first half of the year, we've seen the creation of 600,000 private-sector jobs -- steady growth averaging 100,000 new private-sector jobs each month. While this steady private-sector job growth is encouraging, the large number of Americans without jobs reminds us we need to continue working to create jobs and ...
Obama Calls on Congress to Pass Small-Business Jobs Package
By Alex Wagner - Politics DailyPresident Obama celebrated businesses as diverse as glove makers, woman-owned moving companies and trailer manufacturers Tuesday as he kicked off Small Business Owners Week and called on Congress to pass a small-business jobs package "as soon as possible." Commending finalists for this year's Small Business Owner of the Year Award who were gathered in the Rose Garden, Obama said small businesses are the driving force behind the country's recovery and that they account for two out of three jobs in the United States. "Small business owners have been the hardest hit by this recession," Obama ...
Will Federal Stimulus Money for States Expire Before Recovery Arrives?
By Lou Cannon - Politics DailyWhen White House economic adviser Lawrence Summers testified before Congress last year to urge passage of the American Recovery and Reinvestment Act of 2009, he promised that the $787 billion stimulus would be "timely, targeted and temporary." But as David Wyss, chief economist for Standard and Poor's, observes, "the three T's did not occur." The Recovery Act was passed late and politics trumped targeting in many states. Of necessity, federal stimulus has also proven less temporary than Summers and his boss, Barack Obama, envisioned. In an effort to spur the lagging recovery, Congress has ...
High-Speed Rail: Great for Europe, but Less So for the U.S.?
By Delia Lloyd - Politics DailyAs climate change negotiations in Copenhagen stumble and threaten to dissolve, at least one aspect of "green" living looks set to rev up: high-speed rail. But even as enthusiasm for it spreads from Antwerp to Tallahassee, critics warn that it may not be all it's cracked up to be. If you look at what's going on in Europe this week, it seems pretty obvious that high-speed rail is the new, new thing. On Monday, four different countries ushered in modifications to their high-speed services, slashing travel times between inter-continental routes like Paris and Amsterdam and Brussels and Cologne. ...
GOP Takes Democrats to Task on Stimulus Claims
By Ria Misra - Politics DailyCall it (200) Days of Stimulus. The Republican National Committee has released a report (via Politico) marking the 200th day of the stimulus package by identifying 200 economic claims by the Obama administration and congressional Democrats that the GOP says don't match reality. In the report's introduction, RNC Chairman Michael Steele calls the stimulus "another failed experiment by the President that Americans cannot afford," and adds, "Two hundred days of this stimulus are 200 days too long." ...
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