From his March 7th speech....well, here we are a little early but basically Obama recaps the week: rising unemployment, focusing on jump starting the economy, implementation of recovery act, consumer spending initiative, and homeowner assistance. He mentions a consumer spending initiative, something with this terminology I am not familiar with, more definitely to come. Regulations are being promulgated to help borrowers and home loan lenders. Also, Obama talks about creating 3.5M jobs in the next two years but unemployment is already hit over 4.4M jobs, so is incidental growth expected, if so, what is that rate? I also don’t understand the discussion of the 2T deficit reduction if the deficit inherited was $1.3T and the proposed deficit in Obama’s budget for 2009 is over $1T.
Further investigation into this speech is definitely required. Perhaps I will consult my muse.
This entry is from: http://www.whitehouse.gov/blog/09/03/06/Toward-a-Better-Day/
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