The American Recovery and Reinvestment Act that President Obama created in 2009 has been heavily criticized. However, when it comes to maintaining and creating jobs Obama’s plan seems to be working.
In a White House Press release, on Feb. 17, Obama said, “Two years ago, I set a goal of doubling U.S. exports over five years. Today, we’re on track to meet that goal — ahead of schedule.” The Council of Economic Advisers is estimating that 2 million jobs will be added in 2012.
Frank Swain IV, an associate at Quinn Gillespie & Associates, responds.
“I think a lot of what the President and Congress say these days are just politics. As the president, Obama has to be cautiously optimistic. 2 million jobs is a good poll but in terms of being realistic, that’s another story.”
Jasmine Cruz, a sophomore journalism major, offered her perspective on Obama’s prediction for 2012.
“Honestly, as a college student, the outlook on jobs scares me but I hope that 2 million more jobs means we are on the road to recovery. There are so many people who struggled over these last couple of years because of the recession and I know that a lot of Americans would really love to see 2 million more jobs.”
The European debt crisis has been another major challenge facing the White House in their plans for recovery. A decrease in exportation to Europe has had a negative affect the U.S. economy and employment.
With many issues to address and a long road ahead of him, President Obama appears optimistic about the future.