The new public protector says she will leave the dispute over the state capture report prepared by h.
WASHINGTON - US president-elect Barack Obama's economic stimulus plan may cost between R6750 billion and R7750 billion and will favour long-term infrastructure and job-creation projects, top Obama aides said.
With the US facing gloomy forecasts of up to 10 percent unemployment and a deepening recession in 2009 - likely "the bleakest economic outlook since World War II" - Lawrence Summers said creating three million new jobs was a "key pillar" of Obama's plan.
Obama senior adviser David Axelrod told CBS television on Sunday that R6750 billion and R7750 billion "were not fixed numbers".
"In this crisis, doing too little poses a greater threat than doing too much," Summers, tipped to head the White House National Economic Council, wrote in The Washington Post.
"Any sound economic strategy in the current context must be directed at both creating the jobs that Americans need and doing the work that our economy requires," he said.
Summers, who served as treasury secretary under former president Bill Clinton, signalled that Obama would adopt a different approach than President George Bush.
"Some argue that instead of attempting to both create jobs and invest in our long-run growth, we should focus exclusively on short-term policies that generate consumer spending," he said.
"But that approach led to some of the challenges we face today - and it is that approach that we must reject if we are going to strengthen our middle class and our economy over the long run."
Obama's incoming administration and congressional leaders are "getting awful close" to a general agreement on the huge economic stimulus package the Obama team hopes to implement soon after the January 20 inauguration, vice president-elect Joseph Biden said last week.
"I don't think Americans can wait," Axelrod said. - Sapa-AFP