Rescue

Obama Proposes Broad Economic Stimulus

Plan adds 2.5 million jobs by 2011.

In his second weekly video address, Barack Obama announced a broad economic recovery plan that would create 2.5 million jobs by 2011. Those jobs would come from “rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels, fuel-efficient cars and the alternative energy technology.” Obama said that details of the plan are still being worked out, but he hopes to implement it shortly after taking office on January 20. He also signaled a willingness to listen to Republican ideas for the stimulus plan, but added, "what is not negotiable is the need for immediate action."