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Obama proposes $210 billion for new jobs
Ten year plan focuses on construction, environmental employmentupdated 11:35 a.m. PT, Wed., Feb. 13, 2008
WASHINGTON - Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters.
Obama's investment would be over 10 years as part of two programs. The larger is $150 billion to create 5 million so-called "green collar" jobs to develop more environmentally friendly energy sources.
Sixty billion would go to a National Infrastructure Reinvestment Bank to rebuild highways, bridges, airports and other public projects. Obama estimated that could generate nearly 2 million jobs, many of them in the construction industry that's been hit by the housing crisis.
"This agenda is paid for," Obama said as the Republican National Committee promoted an "Obama Spend-O-Meter" online to track his proposals and portray him as a tax-and-spend liberal. Obama explained that the money for his spending proposals will come from ending the Iraq war, cutting tax breaks for corporations, taxing carbon pollution and raising taxes on high income earners.
Atypical stump speech
Obama, who has faced criticism that he doesn't have enough policy specifics, asked autoworkers at the General Motors plant in Janesville, Wis., to "bear with me" as his began a policy speech that he said would be unlike his typical rousing addresses to rallies.
"Today I want to take it down a notch," Obama said. "This is going to be a speech that's a little more detailed. It's going to be a little bit longer, not as many applause lines."
"I know that General Motors received some bad news yesterday," Obama said. "I also know how much progress you've made, how many hybrids and fuel-efficient vehicles you're churning out. And I believe that if our government is there to support you, and give you the assistance you need to retool and make this transition, that this plant will be here for another hundred years."
http://www.msnbc.msn.com/id/23148959/In Wisconsin, Obama Turns to EconomyIn his speech in Janesville, Mr. Obama proposed creating a National Infrastructure Reinvestment Bank to invest $60 billion over 10 years and create nearly 2 million new jobs in the construction field. He said the program would be paid for by ending the Iraq war. He also renewed his call to create an energy plan to invest $150 billion over 10 years to establish a “green energy sector” to add up to 5 million jobs in the next two decades.
“It’s time to stop spending billions of dollars a week trying to put Iraq back together and start spending the money on putting America back together instead,” Mr. Obama said. He added, “We’ll also provide funding to help manufacturers convert to green technology and help workers learn the skills they need for these jobs.”
http://thecaucus.blogs.nytimes.com/2008/02/13/in-wisconsin-obama-turns-to-economy/