Obama Proposes $210 Billion for New Jobs

In the article "Obama Proposes $210 Billion for New Jobs", it explains the attempt to win over the economically struggling voters. President Obama declared, in his speech on Wednesday, that he was going to set aside $210 billion to help create new jobs in the construction and environmental industries. Many wonder where this money is supposed to come from.

Obama explained that the extra funding for these jobs would come from ending the war in Iraq, raising taxes on citizens with higher income, cutting tax breaks for corporations, and taxing carbon pollution. The largest part of the funding will go to create 5 million green collar jobs which are jobs to develop more environmentally friendly energy sources. The other half of the funding will be given to the National Infrastructure Reinvestment Bank to build more highways, bridges, and airports.

I think this is a legitimate article because we were just recently talking about Roosevelt’s New Deal in class the other day. There are a lot of similarities between the New Deal and Obama’s new proposition. People working under the New Deal did things like paving roads, creating public parks, and building homes. These tasks are similar to those that Obama proposes we do today. I think, if everything goes as planned, this could help boost our employment rates and do a lot of positive things for our struggling economy.

http://www.msnbc.msn.com/id/23148959/