Biden Stresses Transparency And New U.S. Economic Foundation
By Sam Wechsler – Talk Radio News Service
On Monday, Vice President Joe Biden held a teleconference with reporters across the country to detail what the federal government has planned for the second 100 days of the Obama administration.
During its first 100 days the Obama administration created or saved over 150,000 jobs, Biden said.
“The measure of our progress here…is that as every month goes by we should be not merely incrementally but geometrically [increasing] the number of jobs we’re creating” said Biden.
The Obama administration is also trying to be transparent about its efforts to revitalize the economy, Biden said. He listed www.recovery.gov, and www.whitehouse.gov/recovery as two new websites that detail the public how government is spending the stimulus funds. The latter website provides a feature for citizens to share thoughts, observations, and stories with the government on its recovery plan.
Biden stated that even though the unemployment rate remains high, and while many jobless citizens question the stimulus packages, there would be 1 to 1.4 million more unemployed people were it not for the recovery acts. The current unemployment rate is 9.4 percent.
New stimulus-related jobs are focused more on alternative energy, education, health care, and creating a new infrastructure for the country. Biden stated, “We’re trying to lay a foundation for a new economy…We are investing not in digging more oil wells but in building more wind farms, investing in solar energy….We are going to have an economy that [is] not based on a bubble.”
5 Responses to “Biden Stresses Transparency And New U.S. Economic Foundation”
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June 9th, 2009 at 10:56 am
I still have some reservations about the “stimulus” plan, and in fact the whole Keynesian notion of the government obliterating recessions by spending into oblivion. Some reasons spending sprees won’t work include the fact that, considering our trade deficit, a whole lot of money will end up leaving our country anyway. In addition, with a huge expansion in the money supply, inflation will ensue, perhaps even stagflation, as we’ll likely see a second recession shortly after this current one ends. Thirdly, in order to pay for all of this, taxes and interest rates will inevitably go up, and businesses will take their operations outside of the U.S. and consumers will be averse to spending.
Some like to point to FDR’s spending programs in the ’30s as proof that Obama’s plan will be successful. Unfortunately, what they don’t realize is that, yes unemployment was 25% or so, but when World War II broke out, all of those unemployed males suddenly found employment in the military, while women and others moved into heavy industry to fill the void and support the war effort.
Not to mention that government debt was largly owned by American citizens, unlike today where China is financing our government.
June 9th, 2009 at 11:52 am
[...] Originally posted here: Biden Stresses Transparency And New U.S. Economic Foundation … [...]
June 9th, 2009 at 3:52 pm
[...] Talk Radio News Service article, 09 June 2009. And yeah, before you point it out: I am aware of the common claims that talk radio [...]
June 10th, 2009 at 8:12 am
The sites listed as transpaernt I just visited, there is no transparency there just the sam smoke and mirrors touted by the Obama regime.Thye fail to tell you how old a roof is that needs replacing, exactly who gets this work, exactly what work will be done and whos palms are getting greased to do this work.A
June 10th, 2009 at 8:13 am
NO TRANSPARENCY AT EITHER SITE PERIOD!