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Obama’s Saturday Economy, Jobs, Remake Infrastructure Address

December 6, 2008

President-elect Barack Obama said on Saturday his plan to create at least 2.5 million new jobs included the largest infrastructure investment since the 1950s and a huge effort to reduce U.S. government energy use.

The United States will also make a big push to expand access to high-speed Internet and modernize school buildings across the country, he said.

President-elect Barack Obama speaks during a news conference ...

From Reuters

“We need action — and action now,” Obama said in the Democratic Party‘s weekly radio address, one day after government data showed U.S. employers had axed 533,000 jobs in November, the most in 34 years.

Obama, who takes office on January 20, has promised to move quickly to pull the U.S. economy out of a recession which has already pushed the unemployment rate to 6.7 percent and could take it above 8 percent by late next year.

He has started by asking his economic team to come up with a plan to create at least 2.5 million new jobs by 2011. Congress is also expected to pass a hefty new economic stimulus bill in January that could be ready for Obama’s signature immediately after he is sworn in.

“First, we will launch a massive effort to make public buildings more energy-efficient. Our government now pays the highest energy bill in the world,” Obama said.

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