Obama Plans to Create 2.5 Million New Jobs

By Jenny Huntington
15:26, November 23rd 2008
13 votes
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Obama Plans to Create 2.5 Million New Jobs

President-elect of the United States Barack Obama has recently released an economic plan aiming at creating 2.5 million new jobs by the year 2011, which entails investments in rebuilding bridges and roads, modernizing schools and also finding alternative energy sources.

On Monday, Obama is expected to announce his economic team, officials having stated that he would then name Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council.

During his weekly Democratic radio address, the president-elect revealed that the measures entailed by his plan did not only aim to achieve solving the economic crisis, but also to render the economy to thrive in future years, through the long-term investments he had put forward.

Obama’s main goal for the moment is to earn the Congress’ support for his plan, from both the Democratic and the Republican parties, having stated he would welcome ideas from the two political groups, noting though that there was no time for postponement and that immediate action was vital to the nation.

And according to the Labor Department, the president-elect is absolutely right. The latter institution has reported that one week before, requests for unemployment benefits had reached the highest level since July 1992, which only goes to prove that the job market is rapidly weakening.

Finally, a confident Barack Obama stated that the future held a new beginning for Americans, urging the latter to rise to that challenge and take a stand, adding that as the nation’s president, he pledged to do so.



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