Job Creation Promised In Stimulus Plan

Can it be done by Friday? The national economy is in the spotlight as the senate continues work on a stimulus package, which the White House reports, will have an immediate impact in Colorado. Job creation is at the top of Colorado’s list.

A pushing match of words is underway in Washington D.C. as lawmakers work against a demanding economy and added pressure from the top.

"Millions more jobs will be lost. More businesses will be shuttered. More dreams will be deferred," said President Barack Obama Wednesday.

Wednesday, the White House released state by state rundown of anticipated benefits.

For Colorado, 63,000 jobs would be created or saved, mostly in the private sector, ranging from health care to clean energy, following the lead of projects underway in southern Colorado.

"We know that Colorado’s in places like Windsor, Pueblo and Grand Junction know that green jobs aren't a promise for tomorrow, they are putting people to work today," said Keith Hay of the group Environment Colorado, during a recent interview.

The estimate also promised, a $1,000 payroll tax cut, increased unemployment benefits, and a tax credit aimed at making college more affordable.

"This isn't monopoly money mister president, this is real money, money taxpayers will have to pay back at some point," said Sen. Mitch McConnell, (R) Kentucky, Wednesday.

Some republicans say the stimulus package price tag, now nearing $1Trillion, is way too high.

"When you see many of the provisions in this quote stimulus bill, they have nothing to do with stimulus and they have everything to do with spending," Sen. John McCain
(R) Arizona.

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  • by Mark Location: C/S on Feb 5, 2009 at 06:41 AM
    It simply won't work it never has worked and it won't work this time either...each and every time govt. tries to stick it's nose into the private sector it fails and it will fail this time too Obama should force banks to start lending and relax the qualifying credit score, put a 1 year freeze on foreclosures, show where the bailout money to date has gone, allow credit to start flowing again, stop waisting money, put people in office that have paid there taxes. America knows what's going on and this simply will NOT work taxes should be cut in half big tax breaks are needed and this bailout is a total farce
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