Saturday, December 5, 2009

Obama vows steps to restart job growth

Washington - President Barack Obama Saturday promised to do everything he could to reignite growth in U.S. jobs as it protected its handling of the economy is facing Republican attacks.

With the U.S. unemployment at 10 percent and growing economic problems, Obama's approval ratings slipped under item 50 percent.

Some Americans to call into question their decision to push for strong domestic agenda, including major reform of health services after taking office in January in the middle of the worst recession since the Great Depression 1930í.

Republican aims to stimulate the economy 787 billion dollars, says the failure to create jobs, as promised, Obama and exacerbated by the rising U.S. budget deficit.

But in a weekly radio and Internet address, Obama noted that job losses are substantially reduced since the depth of the recession when the economy was hemorrhaging jobs at 700,000 per month.

"It is true that we as a country is in a much different place than we were when 2009 began," said Obama, says there were signs of a trend in "positive" in the November employment report released on Fridays.

The report showed that immerse the U.S. unemployment rate last month to 10 percent from 10.2 percent. The pace of job losses in late November to 11,000 from 111,000 in October.

But welcomes the improvement tips, Obama said he recognized that for the millions who lost their jobs, not "it's good enough."

"The people who looked for work for several months without success, and in some cases years can not wait any longer," he said. "To them, I am determined to do everything I can to accelerate our development, we take their jobs back."

Obama plans a speech on Tuesday, at the Brookings Institution, where he plans to outline a series of proposals to stimulate the horizontal high employment growth.

Among the measures under consideration Homeowners tax incentives to improve energy efficiency in their homes, pressure banks to make more loans to small businesses and tax incentives to encourage businesses to hire new employees.

Expect fellow Democrats on the economy Obama to be the top issue in next year's Congressional elections, and acknowledges that if it improves, the job itself may be involved.

While face pressure to support the economy, Obama also must contend with skyrocketing budget deficit, which hit $ 1.4 trillion in 2009, recently completed financial year. The administration is reluctant to consider new measures that will contribute significantly to a large public debt.

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