Obama plans new jobs bill to ‘jump-start’ hiring
ALLENTOWN, Pa. (AP) – Even as he heralded the first unemployment drop in months, President Barack Obama began putting the finishing touches Friday on a fresh job creation proposal he’s planning to send to Congress next week.
“I still consider one job lost one job too many,” Obama told a community college crowd in Allentown. “Good trends don’t pay the rent.”
The president plans to outline his list of ideas for a new jobs bill in a speech from Washington on Tuesday. Among the plans he’s likely to endorse is an expansion of a program that gives people cash incentives to fix up their homes with energy-saving materials, senior administration officials said.
The president also is open to a federal infusion of money to cash-strapped state and local governments, considered among the quickest and most effective – though expensive – ways to stem layoffs.