(CNN) – President Barack Obama marked another 100-day anniversary Wednesday - this time the anniversary of the enactment of his $787 billion economic stimulus package.
Addressing a crowd of military servicemen and women at Nevada's sprawling Nellis Air Force Base, Obama said that "we are already seeing results" from the federal government's economic boost.
Among other things, he said, the spending has saved or created roughly 150,000 jobs while providing sorely needed infrastructure repairs and fueling increased demand for businesses.
"But this is just the beginning," he said.
"There are still too many Americans out of work, and too many who worry that their job may be next. ... That is why we will continue to implement the (stimulus plan) as quickly and effectively as possible over the next two years. And that is why my administration will continue an unrelenting, day-by-day effort to fight for economic recovery on all fronts."
Obama made his remarks after touring the base's "photovoltaic array" - 72,000 solar panels that generate more than 30 million kilowatt-hours of electricity every year, according to the White House.
The panels supply roughly 25 percent of the power used at the base, which houses and employs 12,000 people.
The base's solar power system is an "example the kind of foundation we're trying to build all across America," Obama said.
The system, covering 140 acres, is the largest single solar energy installation of its kind in the Western Hemisphere, he noted.
Fan of Common Sense – May 27th, 2009 5:08 pm ET – First, why the "president", sorry to tell you that (not) but your opinion about him doesn't changes the fact that he IS the President of the United States of America. That said: 'tax cut mantra', 'tax cut mantra', 'tax cut mantra'... For one of those who have NO option but to repeat the failed idea that EVERYBODY in the world is not bothering to consider as a possibility your post is very predictable...
What stimulus??..the federal government is now the majority owner of the banking industry..chrysler..general motors..is trying to power grab the health care industry..while millions of americans have lost their jobs the federal government has hired over 75000 new employees..house values are sinking monthly..the price of gas is going up almost daily..state and local taxes are going up..china is ready to start world war 3..yes indeed that money is being well spent mr president
The right goes WILD!!!
Keep it up dummies. Every swing you take is coming back on you in 2010 and again in 2012.
Irrelevance, thy name is Republican.
HUH????? About 95% of his stimulus package doesn't even go into effect before 2010!!!!
Bill Clinton, you have met your match in the the struggle to be the biggest liar ever on this planet.
I wonder if those Police Officers who are losing their jobs (after Obama touted how he SAVED their jobs)... are very happy with the Loser-in-Chief?
Typical ridiculous, support-Obama-no-matter-what comment. Is he really touting 150K jobs saved? How on earth does he determine that a job was saved?? That could be one of the more inane comments I have ever heard from any politician...
JOSEPH BUTTACAVOLI May 27th, 2009 5:14 pm ET
Actually, there WERE safeguards and regulations, but unfortunately, then Senator Graham (remember him? McCain's economic advisor who said the recession was MENTAL?) stripped away regulation and made those unbalanced loans possible.
@ Joseph Buttacavoli
The refinancing boom and related underwriting of all those bad loans really didn't pick up steam until 2002.
Oh, also curious how these 150,000 jobs are counted.
I have an uncle who works construction; he was laid off before the stimulus package was signed; about 2 months later he got hired for a 5 day job. After that he was on unemployement again for 2 weeks, before getting hired for another 5-10 day job. He's back working now, and has been for the last week or so but his company has already notified him and the rest of his crew that they'll be laid off in early June.
Does each time he gets laid off, and then gets re- "hired" count as a new job created?
Sniffit May 27th, 2009 5:17 pm ET
Apparently Earth…where have you been? The DOW has risen overall since he took office. Taking a snapshot of the DOW from today isn't an indicator of diddly, no matter how hard the media tries to sell it to you as "news" so you'll tune in for the commercials. Moreover, the S&P 500 is by far a greater measure of te eeocnomy's health, particularly since it involves funds that would effect far more people in terms of their 401Ks, etc., and it's caught back up to itself in the 900+ range.
Just curious... where was it in the fall of 2006 (first 6 years of Bush) when the Dems took over congress?
Letting BO report the progress of his plan is like letting a fox keep count in the hen house. Based on the amount of money being printed (inflation) and the proposed taxes on energy ($4 gas), I can see the "misery index" coming back very quickly. Taking money from one person and giving it to another cannot create wealth, it can only make everyone poor. It appears America is ready to learn a hard, painful lesson....again.
President Obama will deserve all the praise along with his brillian cabinet members and others when this country is back in good standings; and the American people will be waiting to hear what will be said then. President Obama is the "GREATEST PRESIDENT EVER" all previous presidents allowed the mistreatment and degradation towards other Americans especially African Americans go without saying anything or doing anything that would bring up the people from the bottom. President Obama is to be "Hailed" for all that he does and will accomplish!
Improvements to the infrastructure in the Tulsa area are moving ahead now that the stimulus moneys are flowing.
The majority of economists are predicting a turn around by the end of the year, rather than the 5 year timeframe some were predicting in January.
Every new job generates more cash in the system. Credit is loosening. Jobs are still being lost but not at the clip anticipated.
And the Republicans can't stand it!
LOL RIP GOP
8 years of republican rule in the White House, six of that republicans controlled both the house and senate. No matter how you spin it, the FACT remains gwb and the repubs RUINED this country and lied to us to start a war amongst their other crimes.
demwit May 27th, 2009 5:08 pm ET
DOW -173.47 -2.05%
What planet does Obama live on???
Ahem, how much has the market lost since Obama took over?
The Rooting-Tooting Obama has spoken. Sitting side-saddle...
Hey Tulsa, Bill Clinton signed that....
Oh, I get it, when Bush signs it – it was his fault like NCLB.
When Bill Clinton signs it then it is the Congress person who did it. Like the repeal of Glass-Stegall.
Nice little hypocrisy you got going there.
It is all Bush's fault!
All I know is this. My wife is still out of work, and has been since Sept. 2007. No amount of “stimulus” has helped her find employment. So the search goes on.
I hope it stimulates obama's pockets so he can pay for his own travel to campaign for the liberal scum he's campaigning for? Oh, I guess we get that bill uh Obama? You haven't stimulated anything but North Korea, Iran, Israel, and Cuba.
Does anyone expect this guy to say that it has not worked?
Sniffit is the typical left wing, daily kos, American hating nazi. You probably think Bush made us less safe in the last 7 years. Perhaps MSNBC or Al Jazeera have an opening for your pea sized brain.
Can anyone show me where these 150,000 jobs were created? I know Obama can't.
He must not have been watching the DOW today. Or, maybe he hasn't talked with anyone over at GM lately.