Talk Radio News Service: News, Politics, Media

By Benny Martinez - University of New Mexico/Talk Radio News Service

On Thursday, Council of Economic Advisers Chair Christina Romer presented President Barack Obama's 2010 Economic Report.

The report, scheduled to be delivered to Congress today, detailed the many obstacles the country must overcome in order to avoid another recessionary period.

Romer said the report's theme is one that directly reflects the status of this country; Rescue, Rebalance and Rebuild. She also said that, over the past year, the President has been looking to implement this theme with the jobs and health reform bills.

"[The President] has sought to rescue the economy from immediate crisis, rebalance the economy and begin the process of rebuilding the economy on a stronger foundation of quality, affordable health care, better education and job training, clean energy and innovation," Romer said.

In the report, the President estimates a hike in jobs created per month to 95,000, a number many of his critics believe is far fetched. Romer said she believes the uptick to be consistent with other forecasts.

Romer also said that initiatives like the jobs and wages tax credit, the energy retrofit program and small business lending will be particularly effective in materializing the 95,000 estimate.

"It's our best estimate going forward," Romer said. "I think what the President is going to do is to put in place the best that we can, working with Congress, and then see if we can get better performance. That of course, would be what all of us are hoping for."