News Flash
Obama unveils new job-creating plan
(Xinhua)
Updated: 2009-12-09 03:24
 |
Large Medium Small |
 |
| U.S. President Barack Obama delivers a speech on the economy at the Brookings Institution in Washington, December 8, 2009. (Agencies) |
WASHINGTON -- U.S. President Barack Obama announced on Tuesday a new job-creating initiative on using the unspent money under a financial system bailout package to tackle the country's double-digit unemployment.
|
||||
Obama repeated that thanks to his administration's effort, the U.S. economy avoided successfully a second Great Depression. The overall economy changed from contraction to expansion.
"But our work is far from done. For 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," he said.
Obama addressed three key areas: helping small businesses add staff and grow; updating transportation infrastructure; and making homes energy-efficient.
