Economic recovery

Roosevelt Room

November 02, 2009 -- THE PRESIDENT: Hello, everybody. I am pleased to be joined this morning by my Economic Recovery Advisory Board. Each of these men and women have extraordinary and diverse expertise in the economy.

I want to especially thank Paul Volcker, who has been a terrific advisor to me since the transition and has continued to help steer this group in ways that are providing us some very practical advice as we move forward.    » read more »

May 29, 2009 -- Little Rock – U.S. Senator Blanche Lincoln today said the economic recovery bill has provided much-need tools to help Arkansas small business owners sustain their businesses and create new jobs.    » read more »

May 20, 2009 -- Roosevelt Room -- MR. GOOLSBEE: Our official meeting will begin. First we need to adopt officially our bylaws.

(Bylaws are adopted.)

We have adopted the bylaws. Second, we need to officially create sub-groups that will do preparatory work, research and advance materials that will come to the full board for consideration. I would like to move -- or does someone like to move that we create a housing group, a financial markets and regulations group, a retirement and savings group, a tax and tax reform group, an energy group, and a job creation and industry of the future group? So moved.

(Groups adopted.)    » read more »

Governor signs legislation to improve Kansas’ unemployment system

May 19, 2009 -- Kansas Governor Mark Parkinson was in Wichita this week to discuss the state’s path to economic recovery and to sign legislation improving Kansas’ unemployment system.

“Unemployment benefits can be the bridge to a new job, a new education or a new opportunity,” Parkinson said. “These benefits help out-of-work Kansans get back on the path to recovery – which is critical to turning our state’s economy around.    » read more »

Governor Culver signs I-JOBS bills into law

May 14, 2009 -- MARSHALLTOWN – After four months of work to develop a program that will create new jobs and rebuild Iowa’s infrastructure, Iowa Governor Chet Culver signed his signature economic development and disaster recovery plan – I-JOBS – into law today during a special ceremony at the Iowa Veterans Home.    » read more »

05/08/2009 -- WASHINGTON — The U.S. Department of Labor today released $101 million to help states provide career training, job search and relocation assistance to U.S. workers who lose their jobs for trade-related reasons.

"A revitalized Trade Adjustment Assistance program is an important element of our nation's economic recovery," said Secretary of Labor Hilda L. Solis.    » read more »

WASHINGTON, DC, Wednesday, April 8, 2009 -- U.S. Secretary of Transportation Ray LaHood today announced that airports around the country will receive $258 million under the recently enacted American Recovery and Reinvestment Act of 2009 (ARRA).

“Through the American Recovery and Reinvestment Act we are creating jobs across the country while investing in the long-term safety and economic vitality of our airports,” said Secretary LaHood.    » read more »

March 23, 2009 -- The Financial Stability Plan – Progress So Far: Over the past six weeks, the Treasury Department has implemented a series of initiatives as part of its Financial Stability Plan that – alongside the American Recovery and Reinvestment Act – lay the foundations for economic recovery:    » read more »

State Budget, Stimulus Projects can Help Get Pennsylvanians Back to Work

March 19, 2009 -- HARRISBURG – Pennsylvania Governor Edward G. Rendell said today quick action is needed to help Pennsylvania withstand the economic punches from the struggling national economy. The state’s February unemployment rate1 rose to 7.5 percent, while the nonfarm job count2 dropped by 41,000 jobs.

“We cannot afford to wait for someone else to draw up a roadmap,” Governor Rendell said. “Now is the time to get in the driver’s seat, restart our economy and get it moving ourselves.    » read more »

Statewide Policy Address Focuses on Jobs, Health Care, Tuition Relief

March 11, 2009 -- PITTSBURGH – In a statewide policy address, Pennsylvania Governor Edward G. Rendell today called for urgent action by the General Assembly on his agenda for economic relief and recovery in order to help Pennsylvania lead the nation’s economic turnaround.

Speaking from the auditorium of Pittsburgh’s Brashear High School, the Governor acknowledged the enormous pressure thousands of Pennsylvania families face just to keep their heads above water; he promised assistance and urged them to keep fighting.    » read more »

March 11, 2009 -- MONTGOMERY - Alabama Governor Bob Riley said Wednesday’s release of the latest unemployment report for the state shows the urgent need for legislators to pass the Alabama Economic Recovery Plan, but instead they are tied up - once again - debating gambling.    » read more »

www.PaRxPriceFinder.com is Part of Governor Rendell’s Economic Recovery and Relief Initiative to Help Pennsylvania Families

March 10, 2009 -- HARRISBURG — A new Web site demonstrated in Harrisburg today will help consumers find the lowest local prices for more than 300 of the most widely-used prescription medications.

The Web site, www.PaRxPricefinder.com, was announced yesterday by Governor Edward G. Rendell as one of his economic recovery and relief initiatives designed to help Pennsylvania families through the tough economic times.    » read more »

February 27, 2009 -- Washington, DC – The White House Task Force on Middle Class Families, led by Vice President Joe Biden, is holding its inaugural meeting today in Philadelphia at the University of Pennsylvania. The Task Force has a simple mandate: to find, highlight and implement solutions to the economic challenges facing the American middle class. With President Obama announcing last week more than $20 billion for investment in a cleaner, greener economy – including $500 million for green job training – the Task Force's first order of business is to evaluate what investing in green jobs will mean for middle class families.    » read more »

February 27, 2009 -- WASHINGTON, D.C. – Change to Win chair Anna Burger, issued the following statement about the first meeting of the Middle Class Task Force today, chaired by Vice President Joe Biden, at the University of Pennsylvania in Philadelphia.

“The world is facing a historic opportunity to rebuild our global economy through investments in sustainable projects that will create new jobs, reduce our dependence on oil and protect our planet after decades of mismanagement.    » read more »

Peter Orszag, OMB Director

February 26th, 2009 -- "One of the questions I received throughout the day today, as we released the Fiscal Year 2010 budget, is why we are proposing to raise taxes on high-income taxpayers during a recession. And the answer is simple: we’re not.

First, the Recovery Act that was enacted earlier this month included $288 billion in tax reductions, as part of an overall effort to bolster the economy and help to fill in the "GDP gap" (the gap between how much the economy could produce and how much it is current producing). During a recession, we’re cutting taxes.    » read more »