Wednesday, January 21, 2009
What does Barack Obama’s inauguration mean for jobs and employment?
Today, marks history as Barack Obama is sworn as 44th president of the United States.
There were 2 million people were expected to crowd into the area between the Capitol, the White House and the Lincoln Memorial.
Obama stated there are many challenges that we face. One of many being the loss of jobs and the American people being laid off.
Obama went on to say “But the challenges will be met.”
President Barack Obama wants to focus on re-shaping the economy. Obama outlines a plan to create jobs and help the nation’s economy by modernizing schools and lessening the dependence on foreign oil.
Obama wants to create 2.5 million jobs by 2011. He will also focus on rebuilding the nation’s roads, bridges, remodeling older schools, developing alternative energy sources, and producing more efficient cars.
He said, “Legislation backing his plan would be one of his first priorities after he takes office on January 20th.”
There are some employers cutting hours back and many others laid off employees. Obama is working on a stimulus plan to give companies more tax cuts and funds to hire more employees.
To read more on Obama’s economic plan please visit http://www.time.com/time/politics/article/0,8599,1812964,00.html.