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Barack Obama's Stimulus Plan and Black Men

  • Broadcast in Politics Progressive
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Stimulus for Whom? Will Black Folks Be Left Out of Stimulas Plan? the washington post reports, The White House released a four-page report that for the first time spells out spending priorities and accountability measures for the recovery package, which comes as Obama tries to overcome some Republican opposition and pass the plan by mid-February. Some of Obama's proposals appear designed to attract Republicans -- such as a program to double renewable energy capacity in three years that includes a measure to leverage $100 billion in private financing, and an expansion of the Child Tax Credit, to cut taxes for more than 16 million children. Other proposals are aimed at appealing to average taxpayers, many of whom have not felt the benefit of an earlier stimulus package or the financial bailouts. Among the items: an expansion of access to the temporary health care program, Cobra, that people access when they lose their jobs. "This does reflect some bipartisan consultations," an Obama official said. But officials from the White House and the National Economic Council did not specify which items in the report came directly from Republicans during Obama's meetings with them in recent days. The report said Obama would spend at least 75 percent of the stimulus package in the first 18 months after passage. Among the other major goals is updating the electric grid by laying more than 3,000 miles of transmission lines and installing 40 million "Smart Meters" in American homes. The plan also would weatherize at least 2 million homes to save low-income families on average $350 per year, and modernize at least 75 percent of federal buildings. The plan calls for several major infrastructure investments, including enhancing security of 90 major ports and modernizing the nation's water system by launching 1,300 wastewater projects, 380 drinking water projects and 1,000 rural and sewer system projects. As the folks from Policy Link notes, we must sustain economi