Monday, 24 November 2008

Obama's economic stimulus plan

Nov 22 - U.S President-elect Barack Obama says his two year stimulus plan will create millions of jobs.

This was the first time that the U.S President- elect went into such detail about the status of the troubled U.S economy. His proposals for a two year plan indicate the large effort involved in reviving the ailing economy.

He said the plan would create around 2.5 million more jobs by 2010. The Labor Department announced that unemployment has reached its highest levels in 16 years.

- Reuters

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