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December 8th, 2009
08:00 AM ET

Bailout money may be used to spark employment

Today President Obama will lay out new ideas to create jobs for millions of Americans still out of work. He's expected to propose cash incentives for small businesses and for people to fix their homes with more "green" materials.

Some in Congress are already asking where the president will get the money to pay for it all. Christina Romer, chair of the White House Council of Economic Advisers, spoke to Kiran Chetry on American Morning Tuesday.


Filed under: Economy
soundoff (4 Responses)
  1. Barbara Pardun

    Kiera- could you talk less and let John talk more-– thank you, Barbara Pardun

    December 15, 2009 at 8:21 am |
  2. Jack

    I like Obama and generally I like what he trying to do but I think he on the wrong path for job creation. The two major problems are infrastructure and creating jobs. I agree that America's infrastructure needs a major upgrade but that is paid for by tax dollars. Funding these projects just puts us deeper in debt because there's no profit in rebuilding roads and bridges. Same theory applies to fire fighters, paramedics, and waste and water job. Job creation requires sustainable profits. Companies have found that they can squeeze the same work out less people and most will unlikely go back to their old ways. Obama is expected to propose cash incentives for small businesses and for people to fix their homes with more "green" materials. Well until you actually help people most will not be able to buy from small businesses let alone fix their homes with more "green" materials.

    Our Government needs to penalize companies that take their jobs out of the US. They need to be sure that the people who are here working are here legally or on the path to becoming legal. We need healthcare reform along with welfare reform. We need to stop providing a hand out to people who are not trying to help themselves or abusing the system.

    A company that has the ability to crash our economy should be well regulated. Any company that has or will receive tax payer money should have to pay it all back and that money should be given with very strict terms.

    I would like to see our government do something that I do not believe it has done in a very long time and that is to put it citizen's first and big business second. The will of the people is always diluted with the lobbyist and money from big business. The people are only important when its time for elections and even then money from big business interferes

    December 9, 2009 at 10:35 am |
  3. Bill

    Lets understand the misleading stimulus package. The words "shovel ready" were repeated used. The fact of the matter is that those projects that were shovel ready were not eligible for funding, so they could not create the jobs. Cities across America had projects ready to go but those brick and motar projects were not eligible. You heard infrastructure? Guess again. Most of those funds were for loans. Communities could already borrow money, so some project help there but not much. Community development did get a few dollars but not sufficient to make an impact.
    Workforce Development??? what a joke. Giving an unemployed person some 6 weeks of training and counseling is a big waste. The best program was the Comprehensive Employment Training Act which provided up to 3 years of on the job training along with formal training, now that worked to put folks into permanent jobs. But, oh it was a democratic program with no admin cost so the Regan team thru it out for a highly admin cost program that does not work. Maybe some of you remember the ABC expose on that program back around 1996.
    There are lots of demand for fire fighters, para medics, waste water and water jobs available for folks with experience and training but those jobs are not possible thru workforce development.

    December 8, 2009 at 10:57 pm |
  4. Dwight Huth

    Job creation is what America needs. One possible way to to create new jobs for American's especially the unemployed and homeless more the homeless who are able to work bu tlive off of the system is too start taking away the jobs from the illegal immigrants in this country and fill the void with American's. Although the cost involved with shuttling the able homeless to the areas infested by illegals will be substantial at first, once the American worker who actually pay taxes start earning money and buying goods the cost put into the movement will disapeer with a profit following afterwards.

    Implementing clean energy power plants is another way to create new jobs around the country. The only problem that is holding this potential growth back are a few politicians who do not want to see the sky they grew up with silhoutted by a new coal or nuclear power plant.

    The way that I see it progress is change for the better and those who would rather not be involved in progress because it might change the skyline from when they were younger have to be aware that there were others before them that also didn't want the skyline to change but because the skylined changed the person against change had a new oppurtunity that was not there before.

    December 8, 2009 at 12:46 pm |