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Obama says stimulus plan saved 150,000 jobs

business Updated: May 28, 2009 09:45 IST

AFP
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US President Barack Obama today said his mammoth 787 billion dollar stimulus plan had saved or created 150,000 jobs in the first 100 days since it cleared Congress.

"One hundred days ago, in the midst of the worst economic crisis in half a century, we passed the most sweeping economic recovery act in history," Obama said, in a speech highlighting a solar energy plant in Las Vegas, Nevada.

"One hundred days later, we are already seeing results," Obama said.

"In these last few months, the American Recovery and Reinvestment Act has saved or created nearly 150,000 jobs," Obama said, touting spending on alternative energy, keeping teachers and police officers in work and small businesses.

Obama said 95 per cent of working families had seen a boost in their wages because of the tax cut included in the plan, and laid-off workers had received extra benefits and reductions in healthcare costs.

"From where we stand today, the road to economic recovery is still long," said Obama, after releasing a report titled "100 Days, 100 Projects" detailing progress of the plan so far.

"And the road to a new, clean energy economy is even longer -- but after four months of this administration and one hundred days of the Recovery Act, we have carved out a path toward progress."