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(CNN) President Joe Biden responded to a new, sluggish jobs report by continuing to press for his $1.9 trillion Covid relief package to be passed with urgency -- even as a leading economist who served in the Obama administration is sounding the alarm on how the White House's plan could have negative economic consequences.

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(CNN)President Joe Biden responded to a new, sluggish jobs report by continuing to press for his $1.9 trillion Covid relief package to be passed with urgency -- even as a leading economist who served in the Obama administration is sounding the alarm on how the White House's plan could have negative economic consequences.

 
 
  • "We saw the jobs report. Only 6,000 private sector jobs will be created. And at that rate, it's going to take 10 years before we get to full employment. That's not hyperbole," Biden said Friday morning in the Oval Office during a meeting with House Democratic leadership.
  • "I appreciate you all coming over because -- the urgency with which you're moving -- this is about people's lives. This is not just about numbers," Biden said. He added that many Americans are "really hurting" and Congress has the opportunity "to do something consequential here."
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Citing lessons learned

from his time working on the Recovery Act during the Obama administration, Biden reiterated, "We can't do too much here, but we can do too little."

The President also pushed back on Republicans' counterproposal for relief, which totaled to less than half of the $1.9 trillion White House plan. He signaled Friday afternoon that he would move forward with his proposal regardless of whether Republicans get on board.

"I'd like to be doing it with the support of Republicans. ... But they're just not willing to go as far as I think we have to go," Biden said during a speech at the White House.

"(It's) my preference to work together, but if I had to choose between getting help right now to Americans who are hurting so badly and getting bogged down in a lengthy negotiation, or compromising on a bill that's up to the crisis, it's an easy choice. I'm going to help the American people hurting now."

"I know some in Congress think we've already done enough to deal with the crisis in the country," he added. "Others think that things are getting better, we can afford to sit back and either do a little, or do nothing at all. That's not what I see, I see enormous pain in this country."

The President also appeared to take issue with what Larry Summers, the former director of the National Economic Council during the Obama administration, wrote in a recent Washington Post column about the Biden plan.

Summers warned of issues in the plan that could impact financial stability and the value of the dollar, saying that implementing the stimulus could lead to unprecedented inflationary pressure and highlighting that the proposed stimulus is three times as large as the projected shortfall.

Biden said Friday morning, "It's not just the macroeconomic impact on our economy and our ability to compete internationally. It's people's lives. Real, live people are hurting and we can fix

Read Original Article at CNN