He said making smart decisions would be at the core of his stimulus package plans.
Kan is expected to unveil an outline of his stimulus package on Tuesday.
Obama had said his stimulus package would keep unemployment rate beneath that level, only to see it crest at 10% in October 2009.
Obama has said that as President he wants to generate five million such jobs, and his stimulus package is expected to contain billions of dollars for this purpose.
His stimulus package, though huge, was subcontracted to Congress, which did a mediocre job: too much of the money will arrive too late to be of help in the current crisis.
"Barack Obama's plan to reach out to Republican members of Congress with a tax cut component to his stimulus package seems to be working with the GOP rank and file, " said Holland.
Obama also has encountered resistance from Democrats who are reluctant to support his economic stimulus package because they object to his hard line against earmarks and his proposed tax breaks for businesses.
Yet Mr Bush is busy trying to persuade Congress to pass the huge tax cuts that form the centrepiece of his 2004 budget and his economic stimulus package.
Mr Bush has sought to exploit the gloomy data as he drums up support for his latest economic stimulus package, announced earlier this month.
One leadership aide said Obey, D-Wisconsin, got ahead of himself when he told CNN on Tuesday evening that his committee was considering another stimulus package, though he had cautioned there was no timeline for moving it.
CNN: Second stimulus not 'in the cards' right now, Pelosi says
One leadership aide said House Appropriations Chairman David Obey of Wisconsin got ahead of himself when he told CNN Tuesday evening that his committee was considering another stimulus package, though he had cautioned there was no timeline for moving it.
Barack Obama is talking about having his team go right to work on this stimulus package.
In his weekly broadcast on August 16th he promised a stimulus package but gave no indication of how he would pay for it.
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With them in charge of both houses, the president could find it difficult to push through any policy initiatives, such as his proposed social-security reforms, or another economic stimulus package.
Not surprisingly, our panelists each had his own ideas of what should and shouldn't be in a stimulus package.
But Bruce Josten, chief lobbyist for the U.S. Chamber of Commerce, says right now his organization's top priority is the flagging economy and shaping a new economic stimulus package.
At first it seemed like my faith was well-placed: within the first few months of his presidency, Obama led the way on economic policy I believed in, from the stimulus package to bailing out the auto companies.
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