Sunday, December 21, 2008

New adjusted economic stimulus plan

New warnings about the economy prompt Obama's team to more than triple the cost of the plan in an effort to create or save more jobs.

Warned that the economy may get considerably worse, President-elect Barack Obama has more than tripled the size of the economic stimulus package he embraced during the campaign and is aiming to create or save 3 million jobs, up from 2.5 million

The plan may invest $675 billion to $775 billion over two years.
As recently as mid-October 08, Obama was talking a stimulus of about $175 billion.

http://www.latimes.com/news/la-na-obama-stimulus21-2008dec21,0,1314165.story?track=ntothtml

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