President-elect Barack Obama announced Saturday that “an analysis” of his stimulus proposals would save between three and four million jobs - 90 per cent of which would be in the private sector.

The President-elect, who’s economic stimulus plan - the American Recovery and Reinvestment Plan - includes a $300 billion tax cut, and $800 billion in additional spending, says the plan is to lift the country out of the current recession.

“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.” said Obama, continuing on to shift the focus towards clean environment, and the economics of “green” production, “these made-in-America jobs building solar panels and wind turbines, developing fuel-efficient cars and new energy technologies pay well, and they can’t be outsourced.”

This information was released in Obama’s weekly Internet-based forum, via news blog, and was only an update to previous claims - Obama claimed on announcement that the ARRP would save 3 million jobs, but this new analysis by his own advisers, claims higher.

Continuing on a liberal dialect, Obama pushed support for single payer healthcare. The primary goal from the $800 billion in recession relief is to support those who have lost their jobs, and are in the “hardest position for themselves and their families,” saying “that means bipartisan extensions of unemployment insurance and health care coverage; a $1,000 tax cut for 95% of working families; and assistance to help states avoid harmful budget cuts in essential services like police, fire, education and health care.”

The President-elect takes office near the end of January.

 Print This   Email This