Obama Aims To Create 2.5 million Jobs
President Elect Obama has been prety quiet over the past week, but made has made a splash in the last 24 hours.
His daughters will be attending Sidwell Friends School, where Chelsea Clinton matriculated, Hillary is on board as Secretary of State after nearly turning him down to stay at her current gig.
And of course him will be officially announcing Tim Geithner as Treasury Secretary next week.
He is back with his latest radio address as well, which will be posted to Youtube. And is focusing on jobs, jobs, jobs.....
President-elect Barack Obama said he aims to save or create 2.5 million jobs in a two-year plan to stimulate an economy facing a “crisis of historic proportions.”
“It’s likely to get worse before it gets better,” Obama said today in his weekly radio address. He said that this week “financial markets faced more turmoil,” potentially leading to a “deflationary spiral” that may plunge the nation further into debt and cost millions more jobs.
“It will be a two-year, nationwide effort to jumpstart job creation in America and lay the foundation for a strong and growing economy,” Obama said. “We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels; fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead.”
The initiatives will address “this immediate crisis” and represent “long-term investments in our economic future that have been ignored for far too long,” he said. Bloomberg
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Obama Targets 2.5 Million Jobs With Stimulus Plan
Bloomberg
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