More news on the stimulus plan. Plus: health care for kids and retirement worries

February 5, 2009 | Alex Stone

More on stimulus – What’s in it for us?: So the White House says its version of the stimulus bill, or as Democrats now call it the recovery bill, will create or save 79,000 jobs in Washington state. In a state-by-state breakdown, the administration said 90 percent of those jobs will be in the private sector.

Business concerns grow with recession: As the Senate debate on a nearly $900 billion stimulus bill heated up Tuesday, Butch Brooks, general manager of Woodworth & Co. in Tacoma, said he’s increasingly uneasy about what may come next as a deepening recession buffets the construction industry.

Gregoire in D.C. for children’s health bill signing: Gov. Chris Gregoire is in Washington, D.C., today for the signing of a children’s health bill by President Obama and to do a little lobbying on Capitol Hill for the stimulus bill. Gregoire said the health bill will provide $94 million a year to the state to provide health coverage for about 6,000 more children. It picks up the slack caused by the state budget shortfall and will allow coverage of children in families with incomes up to 300 percent of the poverty rate.

Barack Obama: The Action Americans Need: By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring.

Obama stresses urgency of now for stimulus plan: President Barack Obama is warning that failure to act on an economic recovery package could lead to a recession that lasts for years and could be irreversible.

Retirement worries plague voters, AARP survey finds: The economic crisis continues to sour the outlook of Washington residents, prompting retired people to consider rejoining the work force and working ones to dip into their long-term savings.

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Posted in Health Care, Retirement Security, State Economy, Tax and Budget

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