Obama economic plan aims for 2.5M new jobs by 2011 (radio address)

[cal04]

Source: Associated Press

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 it 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.

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."

Read more: http://news.yahoo.com/s/ap/20081122/ap_on_go_pr_wh/obama_economy

---

video
http://www.change.gov/page/s/economy

[Vattel]

1. sounds promising n/t

[Wizard777]

2. Obama certainly is ambitious where We The People are concerned.

That's exactly what we need. Unbridled ambition and good old fashioned American Ingenuity and even some http://encyclopedia.thefreedictionary.com/Enginuity">enginuity.

[PSPS]

3. Nice, but would only undo part of the net loss of jobs in the last eight years.

As shown in the table below, there are four million more unemployed people now than when bush was installed. And these numbers don't even count people who have had to resort to a McJob or have given up looking.

Series Id: LNS13000000
Seasonal Adjusted
Series title: (Seas) Unemployment Level
Labor force status: Unemployed
Type of data: Number in thousands
Age: 16 years and over

Year  Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8367 8162 8484 8165 8210 8280 8140 7999 7943 8060 7935 7949
2005 7757 7954 7732 7669 7679 7536 7424 7369 7593 7449 7535 7262
2006 7025 7143 7075 7113 7038 7017 7176 7128 6896 6735 6820 6760
2007 7043 6837 6738 6829 6863 6997 7137 7133 7246 7291 7181 7655
2008 7576 7381 7815 7626 8487 8499 8784 9376 9477 10080

[Dawgs]

6. 2011 is only two years into his presidency. How many more can he create by 2013?

Glass half empty?

[ohio2007]

8. abra ca dabra ! and poof ! out of thin air comes jobs to which industry ?

details are sparse as to who is hiring. Most likely the fast food industry imo.

currently, the glass with the hole in the bottom is empty.
So, there should be 1 million jobs created by this time next year.

Missouri

[ryanmuegge]

12. Details are sparse. That's no surprise.

[FlaGranny]

15. He probablty means

to do it the way he has already explained. Not much time in a short radio address to give a ton of details details.

[ohio2007]

16. he wants the world to forgive our dead beat debt life style

http://www.youtube.com/watch?v=Mlo8uvlwQeQ&eurl=http://copiousdissent.blogspot.com/2008/11/peter-schiff-on-fast-money-man-who.html

[Phred42]

4. We'll see. Go for it big guy

[snappyturtle]

5. I'm happy to hear him talk about JOBS! How many homes have been lost not

due to subprime mortages and all that that can entail but to jobs lost?

[ohio2007]

18. good news is Freddie and Fannie will wait til after the holidays before they yank the deed from the

cold,stiff fingers of all those primary blowers.

[OhioChick]

7. It's a great start however,

I'd like to see something regarding the promises of closing all the tax loopholes for those companies shipping jobs overseas, etc.

[ryanmuegge]

9. LOL. Sure.

[Truth2Tell]

10. Sooooo

how much does he plan to spend? Just a minor missing detail :shrug:

Still recommended.

[prolesunited]

11. I hope to land one of those

[KayLaw]

14. Maybe you will.

If we could spend the money we're throwing away in Iraq on hiring Americans to do needed work on our infrastructure, right there we'd be ahead. Those workers would having spending money and that creates more jobs. And maybe -just maybe-we can put people back in the factories building wind turbines and solar panels which we can sell to other countries or trade for oil.

I think it sounds like a plan.

[ohio2007]

17. thats the gas tax plan. Everybody pays that consumes and drives on those roads

and bridges.
Speculators found out how much the US consumer can bend over and take it up the gas tank.
At least OPEC will crash harder for the bubble burst and besides, they won't be able to afford those over seas jihad adventures that are coming back to haunt them

http://elcampeador.wordpress.com/2008/11/22/somali-pirates-vow-to-resist-rescue-of-oil-tanker/

poetic justice

[blue_onyx]

13. I doubt this will happen

I don't see 2.5 million jobs being created in 2 years. Most economists have already said that the poor economy and job loss will continue through most of 2009. I just don't this many jobs coming in the next few years.

[w4rma]

19. "Most economists" didn't predict our Depression until it was right about to happen, either.

"Most economists" are always wrong, from what I can tell.

[blue_onyx]

20. Yes, economists are often wrong

My personal feeling is that 2.5 million jobs in two years is unlikely. I saw this economic collapse coming because I'm in Michigan. Our GOP tried to say we were in a one state recession but I felt our state was experiencing the problems the rest of the country would go through soon. I'm definitely no economic expert....just saying my opinion is that 2.5 million jobs is a stretch. I really, really hope I'm wrong.

[DeepModem Mom]

21. K&R