LayoffBlog.com

November 24, 2008

Obama names his economic team

According to CNN: “President-elect Barack Obama named key members of his administration’s economic team Monday, including New York Federal Reserve President Timothy Geithner as his Treasury Secretary nominee and former Harvard President Lawrence Summers as the director of the National Economic Council.”

“Mission No. 1 over the next few weeks for Obama’s economic team will be hammering out the details of what the president-elect described this weekend as a two-year economic recovery plan intended to create 2.5 million jobs.

Estimates for how much might be spent on a multi-year stimulus package range as high as $500 billion to $700 billion.

November 22, 2008

Obama outlines plan to create 2.5M jobs

According to CNN: “Saying that moving quickly is imperative, President-elect Barack Obama on Saturday offered an outline of his economic recovery plan to create 2.5 million jobs by 2011, saying American workers will rebuild the nation’s roads and bridges, modernize its schools and create more sources of alternative energy.”

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