Obama Sees ‘Glimmers of Hope’ for the Economy
President Obama said on Friday that there are “glimmers of hope” concerning the battered American economy, including an increase in lending to small businesses.In the last month, there has been a 20 percent rise in loans under the largest program run by the Small Business Administration, the president said after conferring at the White House with his financial advisers.
“And what that means is that small businesses are starting to get money that allows them to keep their doors open, make payroll,” Mr. Obama said. “And that is going to contribute to overall economic growth, as well as help make sure that people are able to keep their jobs.”
Stimulus Aid Being Doled Out, Slowly
Building repairs are underway on public housing in Imboden, Ark., and Cumberland, Ill., states across the country are receiving money to weatherize the homes of low-income residents, and the Silver Star Construction Co. is about to start work on two road-resurfacing projects in south-central Oklahoma with a total cost of $12 million.
“We were thrilled to get some work,” said Steve Shawn, president of the company. “Some of the work had started slowing down from the economy. The new work came in just around the right time.”
Slowly but surely, the $787 billion American Recovery and Reinvestment Act — better known as the economic stimulus package — is beginning to percolate nationwide, six weeks after President Obama signed the legislation.
Obama seeks $83 billion for Iraq, Afghan wars
President Barack Obama is seeking $83.4 billion for U.S. military and diplomatic operations in Iraq and Afghanistan, pressing for special troop funding that he opposed two years ago when he was a senator and George W. Bush was president.
Obama’s request, including money to send thousands more troops into Afghanistan, would push the costs of the two wars to almost $1 trillion since the Sept. 11, 2001, terror attacks against the United States, according to the Congressional Research Service. The additional money would cover operations into the latter months of this year.
Obama also is requesting $400 million to upgrade security along the U.S.-Mexico border and to combat narcoterrorists.
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Rock the Vote Bio: Rock the Vote was founded in 1990 to organize artists and fight against censorship of musicians. Since then we've evolved to focus on empowering young people to get involved in the political process. We use pop culture, peer-to-peer organizing, and the latest technology to raise visibility of politics and demystify the process of registering to vote. @rockthevote Email the author at: blog(at)rockthevote.com |
