Related News
Obama unveils 447-billion-dollar new job plan
Source: Xinhua |
September 9, 2011, Friday
|
Online Edition
Online Edition
US President Barack Obama launched his widely expected new job plan yesterday night at a joint session of the Congress to stimulate recovery and strengthen the country's struggling employment situation.
"Tonight we meet at an urgent time for our country," Obama said to the legislators. "We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that has made things worse."
The president called on the Congress to stop "political circus" and pass the job plan immediately.
"The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy," Obama said.
The US$447 billion plan, which is called the American Jobs Act, is the third major stimulus package.
"It will create more jobs for construction workers, more jobs for teachers, more jobs for veterans, and more jobs for the long- term unemployed," he said.
"It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business," he noted, urging legislators "You should pass this jobs plan right away."
The US economy, which grew at only 0.7 percent in the first half year, is expected to remain on a sluggish growing track in the near term. However, unemployment which currently stands at 9.1 percent, is widely projected to stay at a high level through the presidential election year in 2012.
"Tonight we meet at an urgent time for our country," Obama said to the legislators. "We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that has made things worse."
The president called on the Congress to stop "political circus" and pass the job plan immediately.
"The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy," Obama said.
The US$447 billion plan, which is called the American Jobs Act, is the third major stimulus package.
"It will create more jobs for construction workers, more jobs for teachers, more jobs for veterans, and more jobs for the long- term unemployed," he said.
"It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business," he noted, urging legislators "You should pass this jobs plan right away."
The US economy, which grew at only 0.7 percent in the first half year, is expected to remain on a sluggish growing track in the near term. However, unemployment which currently stands at 9.1 percent, is widely projected to stay at a high level through the presidential election year in 2012.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
