Updated with video below.
It's only been four months since the stimulus has been in place, but people are still complaining that it's not working fast enough.Also, many people don't understand that while the economy improves in other areas, jobs will be LAST to recover. Demand has to come back. Once people are wanting to buy things again, businesses will need to hire. But for now, consumers are saving, not buying, which in my opinion is a good thing. So Obama is accelerating jobs through public works projects and youth programs:
President Barack Obama today will promise to deliver more than 600,000 new jobs this summer with accelerated spending of some of the $787-billion economic stimulus that Congress approved at his urging earlier this year.
The promised boost in employment will not offset the job losses of recent months - with more than 1.6 million jobs shaved from the economy since Congress approved the stimulus plan in February. Unemployment last month reached 9.4 percent, the highest since 1983.
But the president, who plans to meet with economic advisers and his Cabinet at the White House today following his return from a five-day foreign trip, will promise hundreds of thousands of new jobs with an accelerated pace of spending on maintenance projects at military bases, about 1,600 road and airport projects, the hiring of some 135,000 teachers and other school staffers and 125,000 summer jobs for youth under the supervision of the Department of Labor.
""We have a long way to go on our road to recovery but we are going the right way," Obama will say, in a statement prepared for his announcement of stepped-up summer stimulus activity today. Swamp
