Barack Obama unveils new job plan ahead of nearing polls

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Barack Obama
Washington, Sep 9: While just 14 months away for the next presidential election in US, Barack Obama unveils his new job bill on Thursday night at a joint session of the Congress. This bill is thought to ward off the ongoing financial crisis in America by creating jobs, thus putting the world's biggest economy back on track.

"Tonight we meet at an urgent time for our country. We continue to face an economic crisis that has left millions of our neighbours jobless, and a political crisis that has made things worse," Obama said.

The President pleaded senates to stop "political circus" and pass the job bill 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 $447-billion plan, termed as 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 articulated, urging legislators "You should pass this jobs plan right away."

Meanwhile, the unemployment in crippled US job market, which now stands at whopping 9.1 percent is believed to continue at a high level through the presidential election year in 2012.

But, it will be interesting to see will Obama's magic wand work to rout the job crisis, that paves
way to gain trust of Americans, so they could hire him for the second term as the President of United Sates.

OneIndia News

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