In one of his final radio addresses before becoming the 44th President, President-elect Barack Obama said Saturday an analysis of his stimulus proposals demonsrates that between 3 million and 4 million U.S. jobs could be kept or created by 2010, nearly 90% of them in the private sector. The analysis of Obama's estimated $800 billion plan to take the country out of a year-long recession was submitted by the chair of his council of economic advisers, Christina Romer, and by Vice President-elect Joe Biden's chief economic adviser, Jared Bernstein.
According to his weekly radio and Internet address, Obama noted, "The jobs we create will be in businesses large and small across a wide range of industries. And they'll be the kind of jobs that don't just put people to work in the short term, but position our economy to lead the world in the long-term."
One day earlier, staggering numbers from the U.S. Labor Department showed that U.S. employers cut more than half a million jobs from their payrolls in December, moving the unemployment rate to 7.2%.
According to the President-elect, his plan would create nearly 500,000 jobs by investing in clean energy, by committing to double the output of alternative energy in the next three years and by producing the energy efficiency of 2 million American homes.
Analysts have estimated that Obama's plan will cost some $800 billion.
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