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Obama raises job target, taps Biden to help workers
Published in Saudi Press Agency on 21 - 12 - 2008


U.S. President-elect Barack
Obama unveiled a new task force on Sunday charged with helping
struggling working families, as an aide said Obama's economic
recovery plan would be expanded to try to save 3 million jobs, according to Reuters.
The White House Task Force on Working Families, to be
headed by Vice President-elect Joe Biden, would aim to boost
education and training and protect incomes and retirement
security of middle-class and working families whose plight
Obama had made a central issue of his campaign.
Biden's panel of top-level officials and labor, business,
and activist representatives would help keep working families
"front and center every day in our work," Obama said in a
statement released by his transition office.
Biden said the economy was in worse shape than he and Obama
had thought it was.
"President-elect Obama and I know the economic health of
working families has eroded, and we intend to turn that
around," Biden told ABC's "This Week."
"We've got to begin to stem this bleeding here and begin to
stop the loss of jobs in the creation of jobs," he said.
An transition aide said grim forecasts for the economy
Obama will inherit when he takes office on Jan. 20 prompted him
to raise the job-creation target of his economic recovery plan
to 3 million jobs created or saved in the next two years.
Last month, Obama's stated goal had been to protect 2.5
million jobs with a combination of middle-class tax cuts, money
for public works programs like the building of roads and mass
transit as well as money to bolster health and other social
programs.
"There is going to be real significant investment, whether
it's $600 billion or more, or $700 billion," Biden said. "It's
a number no one thought about a year ago."
The Obama administration could not afford to worry
initially about the ballooning national deficit in the face of
the most severe recession in the post-war era, he said.
"There is no short run other than keeping the economy from
absolutely tanking. That's the only short run," said Biden.
Some Democrats are pressing for a package in the $1
trillion range, though other lawmakers are wary of the
discussion of price tags upward of $600 billion.
Republican Rep. Eric Cantor of Virginia told CNN's "Late
Edition" that taxpayers must be protected amid a pricey bailout
for the auto industry and other potentially costly measures to
revive the economy.
"Most American taxpayers are scratching their head
wondering when all this bailout stuff is going to end and
probably thinking when is my bailout coming," he said.
But Massachusetts Democratic Rep. Barney Frank argued that
failure to act "will cost us even more."
"This economy is in the worst shape since the Great
Depression and if we do not respond in a very firm way, it gets
worse and worse and feeds on itself," he told CNN.


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