Waiting for second half of stimulus to kick in, Obama weighs options for creating more jobs

[lib2DaBone]

http://finance.yahoo.com/news/Obama-looking-at-all-options-apf-2469808958.html?x=0&.v=2

With more than half of the $787 billion recovery package yet to be spent, Obama aides said the administration is not ready to commit to additional measures.

In appearances on the Sunday news programs, the advisers criticized those Wall Street firms that are paying huge amounts in compensation and benefits after accepting taxpayer assistance. Goldman Sachs, for example, has said it has set aside $16.7 billion for compensation so far this year, more than $500,000 per employee. Citigroup is paying $5.3 billion in bonuses to its employees and Bank of America $3.3 billion.

"I think the American people have a right to be frustrated and angry," said Rahm Emanuel, the White House chief of staff.

Emanuel and the chairman of the Senate Banking, Housing and Urban Affairs Committee, Sen. Chris Dodd, D-Conn., said the compensation issue comes as banks and other financial institutions oppose efforts by the president and Congress to put in place regulations designed to prevent the kind of financial meltdown that began last year.

"They have a responsibility to the whole system," Emanuel said. "And it starts with not fighting the financial regulatory system and the reforms that are necessary to protect consumers, homeowners and others."

Dodd criticized banks for failing to make more credit available to small businesses and others.

"When you see these bonuses being paid out, it's a source of outrage in the country, and it should be. What are these people thinking about at these companies?" he said.

Gregg said the latest deficit figures are evidence of "growing the government too much."
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I wonder... does this mean that the last half of the $787 Billion is going to go to Goldman Sacs? "Huge amounts in compensations..$500,000 per employee!"

Well, no hurry on the jobs Mr. Obama. Although winter is coming on.. there are still a few places left under the bridge where families can pitch a tent.

Or... here's some Real Rocket Science... we could stop the useless wars, bring the troops home, and have enough money left over to provide health care AND a college education for every man, woman and child in the U.S. ....

Just an Idea

:think:

[Democrats_win]

1. It's an idea whose time has come. Jobs now!

[liberal N proud]

2. What this nation needs is a return of the WPA and CCC

Putting people to work on public works projects. Many National Parks need restorations.


Oh, here is a project:



Build a high speed railway from New York to LA and back again through Atlanta up to DC.

When that is done, start building feeder routes.

Create jobs and save the environment all in one effort.

[Donnachaidh]

3. he'd better get off his ass and DO something soon!

All those unemployed people have time on their hands to vote -- AND to take away the democratic majority he has right now.