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Obama introduces the American Jobs Act in Rose Garden

Washington, D.C. (Sept 12) – Amidst reports the nation’s unemployment situation may not turn-a-round until 2017, President Obama introduced to the nation his latest recovery plan, “The American Jobs Act”.

With a backdrop of teachers, firefighters, and police officers, the President urged congress to pass this bill immediately. The bill contains items and recommendations from both parties, the bill carries a fairly high price tag, over $400 billion to which, the President claims the bill is fully paid for.

Included within this plan, an unemployment extension, or to correctly state, an extension of the current Emergency Unemployment Compensation (EUC) program. Absent from the Presidents introduction, was any mention of the long-term unemployed, those that have exhausted their emergency unemployment extension. Certainly, those hurt the most by this downward spiral of the economy albeit, created by failed fiscal policies that not only led up to both, the collapse and bail out of “Wall Street” along with, failed tax policies that rewarded the nation’s wealthiest to be rewarded with lucrative tax credits for simply sending an American job overseas cannot be simply forgotten once again, or have they?

President Obama urged everyone to reach out to his or her congressional representatives and urge them to pass this bill now.

The following is a brief description of the President’s plan to address the unemployment problem:

Pathways Back to Work for Americans Looking for Jobs

The President’s plan would help out-of-work Americans and their families by extending unemployment insurance to prevent 6 million Americans looking for work from losing their benefits, while at the same time reforming the system to help support programs that build real skills, connect to real jobs, and help the long-term unemployed. The President’s plan is targeted to address long-term unemployment in an aggressive, multi-pronged way, drawing from ideas about what is working from around the country and from both parties.

Reform Our Unemployment Insurance System to Provide Greater Flexibility, While Ensuring 6 Million People Do Not Lose Benefits ($49 billion):  Drawing on the best ideas of both parties and the most innovative States, the President’s plan will equip the unemployment insurance (UI) system to better address our current long-term unemployment challenge. In these times, the federal emergency unemployment system must offer not just a weekly check, but also an aggressive strategy to connect the unemployed to work – through reforms ranging from rigorous assessment and
job-search assistance to flexible work-based uses of federal UI to smart strategies to prevent layoffs in the first place.

jdg – worldnewsvine

public Posted by on September 12, 2011. Filed under Breaking News,Economic Recovery,Headline News,Politics,US Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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