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Thread: Barack Obama's economic plan aims for 2.5M new jobs by 2011

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    Elite Member kingcap72's Avatar
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    Default Barack Obama's economic plan aims for 2.5M new jobs by 2011

    Associated Press
    WASHINGTON – President-elect Barack Obama promoted an economic plan Saturday he said would create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars.
    "These aren't just steps to pull ourselves out of this immediate crisis. These are the long-term investments in our economic future that have been ignored for far too long," Obama said in the weekly Democratic radio address.
    The goal is to get the plan quickly through Congress, with help from both parties, after Obama takes office Jan. 20. The plan, which envisions those new jobs by January 2011, is "big enough to meet the challenges we face," he said. The president-elect said he has asked his economic advisers to flesh out the recovery plan — one "big enough to meet the challenges we face. ... We'll be working out the details in the weeks ahead, but it will be a two-year, nationwide effort to jump-start job creation in America and lay the foundation for a strong and growing economy."
    Obama noted the growing evidence the country is "facing an economic crisis of historic proportions" and said he was pleased Congress passed an extension of unemployment benefits this past week. But, he added, `We must do more to put people back to work and get our economy moving again."
    Nonetheless, he said, "There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better."
    It will take support from Democrats and Republicans to pass the economic plan, Obama said. "I'll be welcome to ideas and suggestions from both sides of the aisle," he said. "But what is not negotiable is the need for immediate action."
    People "are lying awake at night wondering if next week's paycheck will cover next month's bills," if their jobs will remain, if their retirement savings will disappear, he added.
    Senate Majority Leader Harry Reid, D-Nev., said congressional Democrats will "continue pushing for aggressive but necessary measures. Part of that is passing a substantial economic recovery package, like the one President-elect Obama discussed this morning, that creates good-paying jobs here in America and stabilizes a volatile market."
    In a slap at President George W. Bush, Reid added, "We will soon finally have a leader and partner in the White House who recognizes the urgency with which we must turn around our economy, and I look forward to working with him and the new Congress to do so."
    The Labor Department reported that claims for unemployment benefits jumped last week to the highest level since July 1992, providing fresh evidence of the weakening job market.
    "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," Obama said. He also made a commitment to fuel-efficient cars and alternative energy technologies "that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead."
    Obama pointed to the past, saying that Americans in this country's darkest hours have risen above their divisions to solve their problems, as a hope for the future.
    "We have acted boldly, bravely, and above all, together," Obama said. "That is the chance our new beginning now offers us, and that is the challenge we must rise to in the days to come. It is time to act. As the next president of the United States, I will."
    Obama economic plan aims for 2.5M new jobs by 2011
    I hope Obama and Congress can hit the ground running with their plans.

    But he's right though, things are going to get worse before they get better. This recession is going to be long and deep. And I think we're going to see even more banks/businesses/financial systems crumble and be reorganized to meet the demands of the 21st century.

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    Elite Member Str8_uncut-jock's Avatar
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    This is a huge step. Of course, my republican friends say this is just one more step towards socialism...you know, the government creating jobs for the people who will then be trapped into working for the "man." I think Obama has been reading some of FDR's plans! Those plans pulled us out of a depression, created an great infrastructure and helped up emerge as a major force in the world economy. Go Obama!

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    Friend of Gossip Rocks! buttmunch's Avatar
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    Yup, sounds like a new New Deal. But then, FDR was considered a hero to the masses and a traitor to his class so I guess we know how the repugs feel about him.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

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    Elite Member KristiB's Avatar
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    Actually it wasn't the New Deal that pulled us out of the Depression but WW2.

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    Elite Member Mr. Authority's Avatar
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    Quote Originally Posted by Str8_uncut-jock View Post
    This is a huge step. Of course, my republican friends say this is just one more step towards socialism...you know, the government creating jobs for the people who will then be trapped into working for the "man." I think Obama has been reading some of FDR's plans! Those plans pulled us out of a depression, created an great infrastructure and helped up emerge as a major force in the world economy. Go Obama!
    Republicans always pull out the socialism card when it comes to helping the people. They'd rather live in economic depression than let the government do it's job and help the people that THEY are supposed to look out for. When your republican friend loses his/her job/money/house/whatever then they'll sing a different tune.

    I'm glad Obama sees that this will be a LONG road to drive on, hoepfully his plans go into action quick when he's sworn in.

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    Quote Originally Posted by Mr. Authority View Post
    Republicans always pull out the socialism card when it comes to helping the people. They'd rather live in economic depression than let the government do it's job and help the people that THEY are supposed to look out for. When your republican friend loses his/her job/money/house/whatever then they'll sing a different tune.

    I'm glad Obama sees that this will be a LONG road to drive on, hoepfully his plans go into action quick when he's sworn in.
    Just do what I do and tell your Republican friends who have lost their job just to send those unemployment checks back! And tell the over 65 Republican crowd to just send those social security checks back!

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    Quote Originally Posted by KristiB View Post
    Actually it wasn't the New Deal that pulled us out of the Depression but WW2.
    Wrong. The economy started growing again soon after FDR put his programs in place. It took many years to get the unemployment rate down, but that's because it was so high.

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    Elite Member kingcap72's Avatar
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    Quote Originally Posted by Str8_uncut-jock View Post
    This is a huge step. Of course, my republican friends say this is just one more step towards socialism...you know, the government creating jobs for the people who will then be trapped into working for the "man." I think Obama has been reading some of FDR's plans! Those plans pulled us out of a depression, created an great infrastructure and helped up emerge as a major force in the world economy. Go Obama!
    The History Channel had a good special on FDR the other night. It went into a lot of detail on his presidency (The New Deal & WWII) and his personal life. It was about 4-6 hours long, but worth the time.

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    Friend of Gossip Rocks! buttmunch's Avatar
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    Wrong. The economy started growing again soon after FDR put his programs in place. It took many years to get the unemployment rate down, but that's because it was so high.
    That's about what I was going to say. The New Deal got the ball rolling.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

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