I am very happy that President Obama is being more aggressive on job creation. Everyone knows he came in with a tall order: to clean up an unbelievable mess while simultaneously preventing our economy from falling off a cliff. Yes, his first year has a been a legislative and diplomatic success, both qualitatively and quantitatively.
And yes, the Stimulus Bill has worked. It created and saved jobs. So says a report by the non-partisan Congressional Budget Office. In fact, The USA TODAY examined data that shows how stimulus cash has lifted Blue & Red States alike, and has offset a major drop in tax collections. And if that's not enough, the ultra conservative Wall Street Journal even admitted that the stimulus (which they campaigned against) is helping the U.S. climb out of the current recession.
But, the jobs picture still isn't improving fast enough for many Americans.
So yesterday, President Obama brought together Big Labor, Big Business, and ordinary citizens to field questions, and share his thoughts on what he can do immediately to reverse job losses. According to my sources, President Obama is going to lay out his plan of action next Tuesday.
Among the things he's considering: getting the Small Business Administration (SBA) to make it easier for small businesses to get guaranteed loans; freeing up more capital for start up ventures; and tax breaks to small and mid-sized businesses that hire workers. He is also looking for ways to jump start an impressive number of green jobs now, instead of waiting for the impending Climate Bill, which Obama will sign next year.
With Americans hurting, this is the right move.