Politics

Economic Stimulus Day 100

ECONOMIC STIMULUS DAY 100

One hundred days after signing the massive $787 billion economic stimulus package, President Obama declared in a Las Vegas speech "we are already seeing results."

But a Republican Congressman responded seconds after the speech - in effect saying not so fast, Mr. President.

The President called the stimulus package "the most sweeping economic recovery act in history - a plan designed to save jobs, create new ones, and put money in people's pockets," and Mr. Obama says it has already created or saved nearly 150,000 jobs.

But Texas Republican Rep. John Culberson calls the stimulus package "a fiscal flop and nothing to celebrate", and since the signing day February 17th we've seen "1.597 million jobs have been lost and unemployment numbers at their highest levels in two decades."

Mr. Obama says the stimulus has fueled demand that is helping businesses to put more Americans back to work, but says, "There are still too many Americans out of work, and too many who worry that their job may be next."

That may be the one point on which Obama and Culberson agree.

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Mike Emanuel currently serves as chief congressional correspondent for FOX News Channel (FNC). He joined FNC in 1997 as a Los Angeles-based correspondent.