BizJournals Portfolio
Feb 20 2009 7:03pm EDT

44, Day 32: Enjoy the Cash, Just Spend Wisely

An ongoing log of the daily activities of the 44th president of the United States during his first 100 days:

-President Obama had a message to the nation's mayors, men and women who will be some of the biggest recipients of the $787 billion stimulus plan: Be very careful how you spend the money. Americans "expect to see the money they worked so hard to earn spent in its intended purpose without waste, inefficiency, or fraud," he said at a meeting with mayors at the White House.

-Someone doesn't want all of the help Obama is giving. Louisiana Gov. Bobby Jindal, a Republican who has been talked up as a possible presidential candidate one day, said today he'd decline stimulus money targeted at expanding state unemployment insurance coverage.

-The White House doesn't like Rick Santelli, after the CNBC reporter knocked the president's mortgage relief plan. And press secretary Robert Gibbs used the podium of the White House Briefing Room to let everyone know.

-The markets continue to be unimpressed with the new president, but the public doesn't seem as glum. A CNN/Opinion Research Corp. poll found that 67 percent of those surveyed approved of how Obama is doing his job. But (and there always seems to be a but these days), that approval rating was 76 percent a week ago.

-The president's 10-member task force to figure out how to help General Motors and Chrysler met for the first time today. The auto companies want $21.6 billion in extra help.

by J. Jennings Moss

Sources: The White House, CNN, Bloomberg, and Politico.


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