Obama plans to create 6,00,000 jobs in 100 days
US President Barack Obama promised to create or save over six lakh jobs in the country in the next 100 days under his $787 stimulus plan, with his administration pumping billions of dollars in various development projects.world Updated: Jun 09, 2009 01:08 IST
US President Barack Obama on Monday promised to create or save over six lakh jobs in the country in the next 100 days under his $787 stimulus plan, with his administration pumping billions of dollars in various development projects.
This is four times the number of jobs delivered in the first 100 days of the American Recovery and Reinvestment Act, which was signed into law by Obama on February 17.
The Recovery Act is the most sweeping economic package in US’ history, aimed at reviving the economy.
“We have a long way to go on our road to recovery but we are going the right way,” Obama said before the Cabinet meeting, wherein these new projects were to be announced by the Vice President, Joseph Biden.
Among the key projects include creating some 125,000 ‘summer youth jobs´ by the Department of Labour, and funding 135,000 education jobs, including for teachers, principals and support staff by the Department of Education.
“We’ve laid a good foundation in the first 100 days of the Recovery Act and in the next 100 we plan to build on that foundation and accelerate our efforts so we can accomplish even more,” Biden said.
“We’re going to get more dollars out the door, more shovels into the ground and more money into the pockets of workers and families who need it most,” he said.
First Published: Jun 09, 2009 01:06 IST