President Obama gave a speech about jobs and the economy on Tuesday December 8, 2009 at the Brookings Institution in Washington, DC. Obama addressed the unemployment crisis occurring in the US and the fact that as a country, 10% of American’s are unemployed. The numbers for November were released Friday and although that number deceased by .2% (down from 10.2%), the overall number is still very high.
President Obama outlined steps that his administration will take to bring that number down. This included an emphasis on helping small businesses with tax breaks and opening lines of credit.
The first part (in the first video below) of President Obama’s speech included reviewing what he has done this year to help the economy, including the stimulus package: “My economic team has been considering a full range of additional ideas to help accelerate the pace of private sector hiring. We held a jobs forum at the White House that brought together small business owners, CEOs, union members, economists, folks from non-profits, and state and local officials to talk about job creation. And I’ve asked people to lead forums in their own communities and send results to me and we are hearing as many voices as possible as we refine our proposals. We’ve already heard a number of good ideas, and I know we’ll learn of many more.”
Most of the ideas that President Obama presents in his plan have been mentioned before, and he didn’t mention a price tag of what the plan will cost, but he did mention that the 2008 financial system bailout cost $200 billion less than expected.
"Even though we have reduced the deluge of job losses to a relative trickle, we are not yet creating jobs at a pace to help all those families who have been swept up in the flood," Obama said. "And it speaks to an urgent need to accelerate job growth in the short term while laying a new foundation for lasting economic growth."
See videos below for the entire speech Obama gave this morning about jobs and the economic growth of the country.
Sources: CNN Money and ABC News
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