Obama lays out plan to reduce joblessness

(AP) - President Barack Obama says staggering joblosses mean the country must continue to "spend our way out ofthis recession" with a round of new

WASHINGTON - (AP) - President Barack Obama says staggering joblosses mean the country must continue to "spend our way out ofthis recession" with a round of new incentives for hiring. In a speech at the Brookings Institution, Obama proposed apackage intended to stimulate job creation and bring down thecountry's 10 percent unemployment rate. The measures include moremoney for infrastructure projects, tax cuts and credit access forsmall businesses. It also includes rebates to consumers who maketheir homes more energy efficient. Obama said it is a "false choice" to claim that the governmentmust pick between paying down the deficit and investing in economicgrowth. He said spending in the short-term to create new jobs willhelp reduce the deficit over the long-term.

advertisement | advertise on News 12

Trending Video

The website Glassdoor released its latest list of 1 Word on the Street: Best place to work
2 VIDEO: 2 men rob Bronx deli workers at gunpoint
3 VIDEO: Suspect in Sheridan Avenue murder escorted by police
A stolen van slammed into a tractor-trailer on 4 NYPD: Fleeing driver slams stolen van into tractor-trailer
5 Bronx Sportscast, Dec. 6

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE