Wednesday, September 7, 2011

Obama preparing $300 billion jobs package - CNN.com

Obama preparing $300 billion jobs package - CNN.com: "Washington (CNN) -- President Barack Obama is preparing to roll out a roughly $300 billion plan to strengthen the shaky economy and stimulate new job growth, according to multiple Democratic sources.
The president is expected to unveil his plan -- focused partly on new infrastructure spending and targeted tax cuts -- during an address to a joint session of Congress Thursday evening.
"I'm going to propose ways to put America back to work that both parties can agree to, because I still believe both parties can work together to solve our problems," Obama said in a Labor Day speech in Detroit.
The plan's prospects in a sharply polarized Congress -- particularly with the 2012 presidential primary season looming -- appear murky at best. Some Republicans have already dismissed it, saying any proposal from the president will amount to little more than a continuation of what they characterize as his failed 2009 stimulus plan."

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