Economic adviser Brian Deese was part of the team that assembled an analysis of how the American Recovery and Reinvestment Plan will create jobs in all 50 states. In a guest blog post, he explains.
You've probably heard a lot about the American Recovery and Reinvestment Plan. And you may have heard the President or members of his economic team say that this plan will save or create 3 to 4 million jobs over the next two years. Maybe you wondered where that number comes from. Well, it's from a study by Christina Romer, the Chair of the Council of Economic Advisers and Jared Bernstein, Chief Economist to the Vice-President. Their analysis has been confirmed by outside experts including the forecasting firm Macroeconomic Advisers and Moody's.
Jumpstarting job growth is the top priority of the Recovery and Reinvestment Plan. Construction jobs to rebuild our nation's crumbling infrastructure*....technology jobs to bring put medical records online and lower health care costs while reducing medical errors...engineering jobs to modernize federal buildings and save billions in annual energy costs...jobs equipping our schools and colleges so the country's best young minds have a place to grow...and jobs laying broadband lines so a business in rural America can compete with any other business in the world.
The plan will create jobs in all 50 states, in industries across the spectrum. Over 90% of the jobs created will be in the private sector. We put together a fact sheet to show you, state-by-state, just how many jobs the plan aims to create.
But no matter what state you live in, with 2.6 million jobs lost last year and our economic crisis deepening, we can't afford to delay any longer.
*Just a couple of weeks ago, the American Society of Civil Engineers Report Card for America's Infrastructure issued an overall grade of D. From Katrina to the Minnesota bridge collapse, our nation's failure to take this infrastructure crisis seriously is blatant, and unacceptable. By making long overdue investments in our roads, bridges, transit, ports, and air security, this plan will put people back to work while making our nation safer and more prosperous in the future.