American Jobs Act

In Obama's speech last Thursday, he laid out a plan to get America back to work, focused on his proposed American Jobs Act. In this speech, he strongly encouraged Congress to pass the $450 billion jobs package. Obama challenged congress to put the good of the nation over political benefit and pass the huge jobs plan. He said the purpose is to “to put more people back to work and more money in the pockets of those who are working.” I'm sure he also hopes this will increase his chances of being re-elected and boost his approval rating. Obama believes we we need to rebuild the economy the American way, based on balance, fairness, and the same set of rules for everyone from Wall Street to Main Street. We can do this by creating jobs of the future by helping small business entrepreneurs, by investing in education, and by making things the world buys. He hopes to provide more jobs which will “jolt the economy”. The economy desperately needs this “jolt”, but is Congress ready to back it up? “Everything in this bill,” Obama explained “will be paid for.” But, the question is, by whom? He tells us that he is asking the 12-member super-committee Congress set up under the debt ceiling bill to add another $450 billion or so to the $1.5 trillion in savings it is charged to come up with. The next few weeks will tell whether Congress will rise to meet Obama's challenge.

Source: ABC news (tv)