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Obama: Building On "Modest" Recovery Efforts, Time To "Accelerate"

The White House is in relaunch mode today, arguing at the same time that the stimulus program is working but that more needs to be done.

President Obama, in a meeting with the Cabinet today, said that unemployment figures released last Friday were actually promising, coming below expectations and continuing a downward trend in monthly job losses. Obama called it "modest progress" that he wants to build upon during the summer months.

"I'm not satisfied. We've got more work to do," he said. Thanking the secretaries for their initial efforts in their own departments, he added: "Now we're in a position to really accelerate."

As had been widely reported, the White House wants to "create or save" 600,000 jobs this summer. Obama also repeated the goal of ensuring a transparent program, "so that taxpayers know this money is not being wasted on a bunch of boondoggles," he said, tapping his pencil on the table. "I think that sometimes good news comes in what you don't hear about, and you haven't heard a bunch of scandals -- knock on wood so far."

Of course, Biden said last week: "Some people are being scammed already." Seated next to Obama today, he announced new efforts to ensure a successful program. "We want them knowing that what we're doing is fully transparent, we're fully accountable, and we want them to watch us closely, and we want their input. We want them to tell us whether they think it's working or not working and how it's affecting them," he said.

Republicans are reacting on today's event by saying it's an acknowledgment that the White House's economic efforts have failed. "Today, the White House confirmed that the Democrat economic stimulus bill is simply not creating the jobs President Obama promised. Simply put, the White House spin doesn't square with reality," chairman Michael Steele said in an RNC release.