What's With The Bailout Obama?

The plan "Sustainable growth" foresees a cessation of taxes and environmental measures being implemented.

WASHINGTON :The U.S. president, Barack Obama, introduced a new economic stimulus plan under the heading of "sustainable growth", this will include actions to strengthen the labor market by providing credit and tax cuts as well as investment in infrastructure and environmental measures.

"Althoug h we have significantly reduced the avalanche of job losses, we're not creating jobs at a pace that will help all those families who have been swept away by the flood," said Obama. who was referring to "more than seven million Americans unemployed since the recession began, a figure that Obama calls "amazing" and that, in his opinion, "reflects the depth of the hole" which is the U.S. economy.

Obama devoted to this plan the extra money purchasing program toxic financial assets (TARP for short in English) that has, according to the White House, 200.000 million less than initially thought. All these measureswhen in place would help tackle the rising deficit, the U.S. presidentcontinued "It is essential that we ensure that job creation is strong and sustained to ensure increased profits are stop spending large amounts of money on unemployment benefit,fixing the problem at it's very source rather then adding fuel to the unemployment fire. so the shortfall we experienced can begin to recede ".

Among the measures Obama has proposed like investing more money in infrastructure, offering tax benefits to those citizens who devote resources to their homes making them more energy efficient and capital gains tax concessions for small businesses, Small business, infrastructure, clean energy: these are the areas where Americans should work to ensure that our nation enjoys a strong economy. The foundation for sustainable economic growth must be our constant focus and our ultimate goal," added in a speech at the Washington headquarters of the Study Group Brookings Institution.

The U.S. economy destroyed 11,000 jobs in November, the lowest monthly number of layoffs since the economy went into recession, which has helped reduce unemployment to 10% compared to 10.2% the previous month, as published by the Department of Labor.

The figure for job losses improved market expectations, which anticipated a figure in the environment of the 100,000 layoffs, since the average of the previous three months amounted to 135,000 monthly layoffs.

Thus, the U.S. economy recorded an increase of 7.9 million unemployed since the recession began in December 2007, to 15.4 million unemployed, while the unemployment rate grew 5.1 percentage points.

Japan. For its part, the Japanese government headed by Prime Minister Yukio Hatoyama also will implement an economic stimulus package amounting to 7.2 trillion yen (54,650 million euros) to prevent relapse into recession.

The government's aid represents about 1.5% of Japan's GDP and provides about 26,280 million to boost regional economies and public works, and another 6,000 million for sustainable development programs.

Obama surely is gnawing on the same old bone as his predecessors more money from the government for welfare this is not a new tune,and his melody is not enchanting in the least,we are spending trillions on war ,cosmetics,drugs,television, fashion or just a few or our growing vices and only a fraction of our accumulated wealth is going to worthy causes which benefit us all like health care and social welfare,education.

If we just brought back 10,000 troops from overseas,or ordered one less rapta,this would benefit thousands,how long will it be case of who has the bigger guns rules the roost ,and keeps up this war game ,we'll never be alright until we focus our efforts far away from a sophisticated war machine.and helping us the worlds nations to live in peace rather the just keep sharpening our knives.