Pres-elect Obama unveils lofty economic plan

President-elect Obama on Saturday unveiled a new economic plan which involves rebuilding American infrastructure while simultaneously creating jobs for thousands around the country. Of course, these sorts of things always look better on paper, however, we should give him the benefit of the doubt at this point.

Report from Yahoo News:

CHICAGO – President-elect Barack Obama said Saturday he’s asked his economic team for a recovery plan that saves or creates more than 2 million jobs, makes public buildings more energy-efficient and invests in the country’s roads and schools.

“We won’t just throw money at the problem,” Obama said in his weekly radio address and Internet video. “We’ll measure progress by the reforms we make and the results we achieve — by the jobs we create, by the energy we save, by whether America is more competitive in the world.”

Obama’s remarks come after the Labor Department announced Friday that employers cut 533,000 jobs in November, the most in 34 years.

Obama said his plan would put millions of people to work by “making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s.”

He also wants to install energy-saving light bulbs and replace old heating systems in federal buildings to cut costs and create jobs.

School buildings would get an upgrade, too. “Because to help our children compete in a 21st century economy, we need to send them to 21st century schools,” Obama said.

As a part of the plan, Obama said he wants to expand Internet access in communities. Hospitals also should be connected to each other online.

“Here, in the country that invented the Internet, every child should have the chance to get online,” he said.

Obama said he would announce other details of the economic recovery plan in the coming weeks. He said he’d work with Congress to pass the initiative when lawmakers reconvene in January.

The plans were revealed during President-elect Obama’s weekly radio/YouTube address:

Another report from Politico:

President-elect Barack Obama added sweep and meat to his economic agenda on Saturday, pledging the largest new investment in roads and bridges since President Dwight D. Eisenhower built the Interstate system in the late 1950s, and tying his key initiatives – education, energy, health care –back to jobs in a package that has the makings of a smaller and modern version of FDR’s New Deal marriage of job creation with infrastructure upgrades.

The president-elect also said for the first time that he will “launch the most sweeping effort to modernize and upgrade school buildings that this country has ever seen.”

“We will repair broken schools, make them energy-efficient, and put new computers in our classrooms,” he said in the address.

The president-elect is bringing new elements of his domestic agenda into his economic recovery plan, committing to a path toward giving every American access to an electronic medical record as part of an “economic recovery plan … that won’t just save jobs, it will save lives.”

Obama had talked in the campaign about lowering health care costs by investing in electronic information technology systems, but not in the context of the economy.

Now, his key initiatives – education, energy, health care – are all being tied back to jobs.

“When Congress reconvenes in January, I look forward to working with them to pass a plan immediately,” Obama says in the address. “We need to act with the urgency this moment demands to save or create at least two and a half million jobs so that the nearly two million Americans who’ve lost them know that they have a future. And that’s exactly what I intend to do as president of the United States.”

Obama had committed just before Thanksgiving to saving or creating 2.5 million jobs in the next two years, more than twice his campaign promise of 1 million new jobs over an unspecified period. But he didn’t say how he would do it. On Saturday, he began to spell it out, offering “five key parts” of his economic plan:

—ENERGY: “We will launch a massive effort to make public buildings more energy-efficient. Our government now pays the highest energy bill in the world. We need to change that. We need to upgrade our federal buildings by replacing old heating systems and installing efficient light bulbs. That won’t just save you, the American taxpayer, billions of dollars each year. It will put people back to work.”

—ROADS AND BRIDGES: “We will create millions of jobs by making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s. We’ll invest your precious tax dollars in new and smarter ways, and we’ll set a simple rule – use it or lose it. If a state doesn’t act quickly to invest in roads and bridges in their communities, they’ll lose the money.”

—SCHOOLS: “My economic recovery plan will launch the most sweeping effort to modernize and upgrade school buildings that this country has ever seen. We will repair broken schools, make them energy-efficient, and put new computers in our classrooms. Because to help our children compete in a 21st century economy, we need to send them to 21st century schools.”

—BROADBAND: “As we renew our schools and highways, we’ll also renew our information superhighway. It is unacceptable that the United States ranks 15th in the world in broadband adoption. Here, in the country that invented the Internet, every child should have the chance to get online, and they’ll get that chance when I’m president – because that’s how we’ll strengthen America’s competitiveness in the world.”

(Incoming White House Chief of Staff Rahm Emanuel had talked about expanding broadband access, but this is the first time the transition has formally proposed it.)

—ELECTRONIC MEDICAL RECORDS: “In addition to connecting our libraries and schools to the Internet, we must also ensure that our hospitals are connected to each other through the Internet. That is why the economic recovery plan I’m proposing will help modernize our health care system – and that won’t just save jobs, it will save lives. We will make sure that every doctor’s office and hospital in this country is using cutting edge technology and electronic medical records so that we can cut red tape, prevent medical mistakes, and help save billions of dollars each year.”

Video report from CNN:


Since President-elect Obama has been taking quite an upfront role in these issues, the debate has begun over just how much he should be injecting himself into the current discussion and debate. Certainly he won the election, however, as Obama himself pointed out, we only have one president at a time. Some Democratic supporters, such as Representative Barney Frank, have stated Obama should be even more involved than he presently is.

President Bush has been accommodating in this regard, often inviting President-elect Obama’s transition team to sit in on meetings and be involved in the current planning and talks over economic issues.