ObamaPresident Barack Obama urged House lawmakers to pass a $26 billion jobs bill Tuesday morning in an effort to push through a key component of his election-year economic agenda.

House Speaker Nancy Pelosi (D-Calif.) recalled House lawmakers Tuesday for an emergency vote on the bill just as they were settling into the six-week summer recess. The bill is designed to prevent teachers and other municipal workers from being laid off.

Democrats say the legislation would save the jobs of 160,000 teachers across the country, as well as 150,000 first-responders, including police officers and firefighters. The measure would also provide billions in Medicare aid for cash-strapped states. In addition, the bill would provide $600 million for enhanced border security.

300,000 Jobs on the Brink

"We can't stand by and do nothing while pink slips are given to the men and women who educate our children or protect our communities," Obama said in a Tuesday morning speech in the Rose Garden. "That doesn't make sense. If we do nothing, these educators won't be returning to the classroom this fall."

Democrats view the measure as a critical step to save the jobs of hundreds of thousands of teachers, police officers and firefighters -- a move that would inject a boost of stimulus funding as the economy sputters. House Republicans oppose the measure as a handout to teachers' and municipal unions.

"As millions of children prepare to go back to school -- many in just a few days -- the House will act quickly to approve this legislation once the Senate votes," Pelosi said in a statement last week. "In consultation with our leadership, I am calling members of the House back to Washington at the beginning of the week to pass this bill and send it to President Obama without further delay."

Senate Democrats approved the $26 billion measure last week. Once the House passes the bill, it will be sent to Obama, who has pledged to sign it. The bill would allocate $16 billion to help states with Medicare payments and $10 billion to keep teachers on the job, just in time for the resumption of classes for millions of students.

Economist: Aid to States Is Effective Stimulus

Gus Faucher, an economist at Moody's Analytics, (formerly Moody's Economy.com), says the measure is a good idea and if anything, it doesn't spend enough money.

"We think that the economy could actually use even more stimulus," Faucher tells DailyFinance. "The economy is growing, but not fast enough. There is the possibility of a double-dip recession, and this would help alleviate that."

Faucher says aid to state and local governments is among the most potent stimulative tool in the federal government's arsenal. Such assistance "is a particularly effective stimulus because you get more bang for your buck," Faucher says. "We estimate that for every dollar in state and local spending you get $1.41 back in the form of economic stimulus."

GOP: Just Another Union Handout

Republicans portrayed the bill as yet-another attempt at economic stimulus, which they say has thus far failed to revive the economy as Obama and Democrats had promised. "The American people don't want more Washington 'stimulus' spending, especially in the form of a payoff to union bosses and liberal special interests," House Minority Leader John Boehner (R-Ohio) said in a statement.

Republicans have seized on the deficit as their key election-year issue, but Faucher says in the short term, fiscal concerns pale in comparison to jump-starting the economy. "It's more important to get the economy going again, and then in a year or two we'll worry about the deficit," says Faucher.

Democrats, meanwhile, accuse Republicans of thwarting a common-sense bill to keep teachers, police officers and nurses on the job. "Why wouldn't House Republicans want to keep 310,000 teachers, first responders and private-sector workers on the job instead of on the unemployment lines?" Pelosi said Monday.

The House is scheduled to vote on the bill Tuesday afternoon.

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stuwe55

Come on, let's get together and vote these idiots out of office!

August 24 2010 at 5:42 PM Report abuse rate up rate down Reply
Regular Guy

money grows on trees with the government

August 22 2010 at 10:47 PM Report abuse +1 rate up rate down Reply
punnster

It seems that Obama only helps the jobs of those in unions and the majority of jobs get no help at all. They just get lost.

August 22 2010 at 6:50 PM Report abuse rate up rate down Reply
dondavy28

the more ya give em the more they want,most of this taxpayer money the teacher unoins will give back to the donkeyass funds for the next election our taxpayer money to cal. bitch pelosi,il.obamass and ny gayboy reid

August 11 2010 at 9:03 AM Report abuse rate up rate down Reply
heh205

The teachers!!! What about the rest of us.

August 11 2010 at 7:23 AM Report abuse +2 rate up rate down Reply
wilhug

Jobs are a RESULT of economic activity, not the driving force preceding real progress. Help the businesses do business again and they will hire people to enable them do it. Simple common sense. All the "job creation" talk is purely political, designed to attract votes from those who need a crutch to lean on. This regime is approaching the situation from the wrong end. Cut taxes, cut government spending even more and cut federal workers' pay scales which are over $100K per year including benefits vs. private industry workers in the 60K's. No genius required, no idealogical socialist wanted to lead us in the wrong direction.

August 10 2010 at 10:24 PM Report abuse +1 rate up rate down Reply
ibemewhoyoube

Why would anyone equate spending billions of dollars as a sign of a recovery or an election year victory for Obama?

August 10 2010 at 8:34 PM Report abuse +2 rate up rate down Reply
1 reply to ibemewhoyoube's comment
OBAMAS EGO

YOU ARE'NT SUPPOSED TO QUESTION MY MOTIVES, YOU ARE TO JUST SIT THEIR AND PAY FOR THEM. IF YOU DON'T BELIEVE ME JUST ASK THE 42% OF THE PEOPLE THAT I TAKE CARE OF WHILE SCREWING YOU. MAN DO I LOVE WHAT I'M TURNING THIS COUNTRY INTO.

August 10 2010 at 8:38 PM Report abuse +3 rate up rate down Reply
Jen

Does not improve education, prevents unemployment, short term, to help elections. Nothing more nothing less. Everyone with a brain knows what he is doing...and you liberasses can delude yourselves with what ever you choose to believe. Nothing to ensure money goes to the kids. The teachers and their unions will get it all with no accountability to improve results. How does it feel to be a clueless idiot?

August 10 2010 at 8:27 PM Report abuse +2 rate up rate down Reply
1 reply to Jen's comment
OBAMAS EGO

I LOVE IT, THIS MONEY IS GOING TO FUND THE RETIREMENT ACCOUNTS THAT WERE SQUANDERED BY THE UNION LEADERS. IT IS GREAT THAT PEOPLE THAT FAILED IN LIFE MAKE SO MUCH MONEY AND CONTINUE TO VOTE FOR ILK LIKE ME. BY GUARANTEEING THEIR INCOME FOR THE REST OF THEIR LIVES, I WILL HAVE THEIR VOTES FOR THE NEXT 8 ELECTIONS. BY THEN I WILL HAVE BECOME A DICATOR LIKE MY GOOD FRIEND CHAVEZ. REMEMBER I CREATED OR SAVED YOUR JOB SO WORSHIP ME.

August 10 2010 at 8:32 PM Report abuse +1 rate up rate down Reply
FOURDOGSLAUGHING

Obama is the worst president in the history of this country !

August 10 2010 at 8:12 PM Report abuse +6 rate up rate down Reply
1 reply to FOURDOGSLAUGHING's comment
OBAMAS EGO

NO I AINT. JUST ASK ABOUT 42% OF THE PEOPLE. I AM THEIR ONE AND ONLY GOD.

August 10 2010 at 8:33 PM Report abuse +1 rate up rate down Reply
OBAMAS EGO

OBAMAS EGO CAN ONLY COME OUT AND PLAY WHEN NANCY PELOSI IS BACK IN THAT CRAP HOLE CALLED CALIFORNIA. I LOVE THAT MY SHALLOW FOLLOWERS WILL DEFEND HER FOR STEALING A USAF 200 PASSENGER JET REFITTED WITH ALL FIRST CLASS SEATS, AN OPEN BAR, AND A BEDROOM FOR ALL HER 100 AIDES TO FLY HOME EVERY WEEKEND. I COULD'NT CARE THAT IT ONLY COSTS 60,000 DOLLARS EACH WAY. I DON'T HAVE TO PAY FOR IT. YOU KNOW WHATS EVEN FUNNIER ABOUT MY SHALLOW FOLLOWERS? THEY DON'T KNOW THAT SHE HATES THEM. SHE WON'T HIRE THEM AMERICANS AT HER VINEYARD, RESORT HOTEL AND EVEN HER HUSBAND ONLY HIRES ILLEGALS. WHY YOU ASK. NO TAXES AND NO MATCHING SOCIAL SECURITY DEPOSITS. YOU FOOLS PAY FOR ALL THEIR BENNIES. HAHAHAHAHA I CAN'T WAIT TIL I'M OUT OF OFFICE SO I CAN DO THE SAME THING.

August 10 2010 at 7:49 PM Report abuse +2 rate up rate down Reply