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Obama discusses economic plan to save, create jobs
By ANN SANNER, Associated Press Writer

CHICAGO – President-elect Barack Obama said Saturday he’s asked his economic team for a recovery plan that saves or creates more than 2 million jobs, makes public buildings more energy-efficient and invests in the country’s roads and schools.

“We won’t just throw money at the problem,” Obama said in his weekly radio address and Internet video. “We’ll measure progress by the reforms we make and the results we achieve — by the jobs we create, by the energy we save, by whether America is more competitive in the world.”

Obama’s remarks come after the Labor Department announced Friday that employers cut 533,000 jobs in November, the most in 34 years.
Obama said his plan would put millions of people to work by “making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s.”


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White House: Constructive auto talks with Congress
By JULIE HIRSCHFELD DAVIS, Associated Press Writer

WASHINGTON – Facing massive job losses, the White House and congressional Democrats are negotiating a deal to provide about $15 billion in loans to prevent Detroit’s weakened auto industry from collapsing.

The White House said it was in “constructive discussions” with lawmakers in both parties to dole out the assistance as House and Senate staff aides worked through the weekend drafting bailout legislation that is expected to come to a vote next week.

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December 6, 2008 - Posted by | Economy | , , , , ,

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