Saturday, January 10, 2009

Obama's Weekly YouTube Address

In this week's address, President-elect Barack Obama highlights the challenges facing our struggling economy and introduces a report being drafted by Christina Romer and Jared Bernstein.
"The report confirms that our plan will likely save or create three to four million jobs. 90 percent of these jobs will be created in the private sector -- the remaining 10 percent are mainly public sector jobs we save, like the teachers, police officers, firefighters and others who provide vital services in our communities.

"The jobs we create will be in businesses large and small across a wide range of industries. And they'll be the kind of jobs that don't just put people to work in the short term, but position our economy to lead the world in the long-term.
"


Paul Krugman has some doubts:"[E]ven if I use the Romer-Bernstein estimates instead of my own -- there really isn't much difference -- this plan looks too weak."

Source: http://www.youtube.com/user/ChangeDotGov

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