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Obama lays out job projections expected from stimulus

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In today's radio address, the president-elect released a new report, which details how many and what kinds of jobs will be created by an "American Recovery and Reinvestment Plan." Here's the video and excerpts are below:

Yesterday, we learned that the unemployment rate hit 7.2% and is only projected to go higher. Job creation is key to the economy turning around:

We’ll create nearly half a million jobs by investing in clean energy – by committing to double the production of alternative energy in the next three years, and by modernizing more than 75% of federal buildings and improving the energy efficiency of two million American homes. 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.

We’ll create hundreds of thousands of jobs by improving health care – transitioning to a nationwide system of computerized medical records that won’t just save money, but save lives by preventing deadly medical errors. And we’ll create hundreds of thousands more jobs in education, equipping tens of thousands of schools with 21st century classrooms, labs and computers to help our kids compete with any worker in the world for any job.

We’ll put nearly 400,000 people to work by repairing our infrastructure – our crumbling roads, bridges and schools. And we’ll build the new infrastructure we need to succeed in this new century, investing in science and technology, and laying down miles of new broadband lines so that businesses across our nation can compete with their counterparts around the world.
This sounds great, of course. But, we still don't know what's actually in Obama's stimulus proposal. The tax portion, designed to solicit GOP support, got smacked around on Capitol Hill this week. We also don't know what will eventually pass in Congress. But, actual job creation is probably the best deliverable.

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