Rep. Johnson introduces job creation resolution
Today, Rep. Hank Johnson introduced H. Res 950, which urges his House colleagues to support using unspent Troubled Asset Relief Program funds to create jobs.
“With unemployment in Atlanta and the nation stubbornly above 10 percent, we must do more to create jobs,” said Johnson. “Tapping unspent TARP funds can put people back to work by helping us break ground on more shovel-ready infrastructure projects, expand credit to small businesses and offer critical tax cuts.”
The Department of Treasury reported last month that more than $139 billion in TARP funds have not been obligated.
Johnson’s resolution mirrors President Obama’s initiative to continue fighting job losses by leveraging TARP funds.
“This will help keep our economy on the path to recovery,” said Johnson. “We must make every effort to ensure our homes are more energy efficient, that small business owners gain easier access to capital and credit, and help keep teachers, police, and firefighters on the job in our communities.”
According to the United States Conference of Mayors December 2008 “Ready-to-Go Jobs” Report, more than 15,200 “shovel-ready” projects could create more than 1 million jobs in 640 cities nationwide.