Wednesday, December 9, 2009

President Obama announces proposals to put Americans back to work


US President Barack Obama on Tuesday announced a sequence of measures to put American back to work and help companies hire people, which he said would lay the foundation for robust economic growth in the country.

These measures are part of the overall policy designed to not just make jobs in the short run but also shift America away from consumption-driven growth to a focus on enhancing the competitiveness of America's businesses, encouraging investment, and promoting exports, Obama said.
Obama also called for the removal of fees and an increase in guarantees for loans through the Small Business Administration, a measure that extends provisions in the Recovery Act through the end of 2010. In addition, he called for continued Treasury efforts to use the TARP to maintain small business lending.

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