
(AP)
One hundred days after he signed the $787 billion economic stimulus package, President Obama lauded the impact of the bill during a speech Wednesday afternoon at Nellis Air Force Base in Las Vegas, Nevada. The president argued that the bill "has helped to fuel demand that is helping businesses put more Americans back to work" and said it has already saved or created nearly 150,000 jobs.
The speech was the latest volley in Mr. Obama's public relations battle with Republicans over the bill, known formally as the American Recovery and Reinvestment Act. The GOP has painted the package as a waste of taxpayer money that has done little to help the economy.
Earlier today, Republican National Committee chair Michael Steele
released a statement arguing that a
report put out by the Obama administration celebrating the stimulus package amounted to PR from the president designed "to convince voters his reckless spending plan is working."
In his remarks today, the president said the stimulus package was "designed not only to revive the economy in the short term, but to rebuild the economy over the long term." He announced funding for two new stimulus programs, one for solar energy technologies and another for developing the use of geothermal energy.
He also detailed the jobs that he suggested would not exist without the stimulus package, including "jobs building solar panels and wind turbines." He said the package was responsible for keeping teachers, police officers, young people and nurses employed and for creating jobs fixing the nation's infrastructure and working at small businesses.
Republicans dispute the president's claims; the RNC released a "
research briefing" earlier today arguing that "after 100 days, the stimulus has produced waste and fraud, but no jobs."
As Factcheck.org
notes, the 150,000 jobs figure, which dates from last month, comes from an estimate on the part of the president's Council of Economic Advisers. It does not reflect a claim that 150,000 jobs have been gained, but rather that 150,000 fewer jobs have been lost than would otherwise have been. The estimate is based on established models, though Factcheck argues that "there’s very little hard data…[on] how many jobs may have resulted from the legislation."
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