2011年8月16日星期二

Obama Says New Report Shows Need to Pass Economic Pla

And in Davos, Switzerland, political and business leaders at the World Economic Forum warned against protectionism. The downturn could lead to trade wars if countries raise barriers to foreign competition.









President Obama with Vice President Joe Biden at the White House Friday
The price: eight hundred nineteen billion dollars. About one-third is tax cuts for individuals and businesses and two-thirds is government spending.

He spoke before signing an order to create the Task Force on Middle-Class Working Families. Top government officials, led by Vice President Joe Biden, will work on policies to help the middle class. They will seek ideas through a Web site, astrongmiddleclass.gov.



He says his plan will save or create more than three million jobs over the next few years, and serve the economy for years to come. It offers money for traditional projects like rebuilding roads. It would also invest in areas like education, renewable energy and computerizing medical records.




By Brianna Blake

2009-1-30

This is IN THE NEWS in VOA Special English.



Earlier, the president noted a report which showed that Wall Street bankers got more than eighteen billion dollars in bonuses last year. He called it "the height of irresponsibility" at a time when they were asking taxpayers for help.

And that's IN THE NEWS in VOA Special English, written by Brianna Blake. I'm Steve Ember.

Mister Obama said the "continuing disaster" for working families was more reason for his economic plan.

They pointed to a report this week from the Congressional Budget Office. It estimated that about sixty-five percent of the proposed spending would be injected into the economy over nineteen months. The administration's estimate is seventy-five percent.

The Senate will debate the measure next week. Its version adds more tax cuts. Mister Obama has asked Congress for a final bill by the middle of February.

Republicans said the plan contained too much wasteful spending and too few tax cuts. They say tax cuts are a faster way to fight the recession.

A Texas Republican in the House, John Culberson, said liberals aim to increase government power. He said the legislation contains proposals to expand federal programs unrelated to stimulating the economy.


This week, Democrats in Congress gave Barack Obama an important victory a week into his presidency. The House of Representatives approved his economic recovery plan. But not one Republican voted for it. Eleven Democrats also opposed the plan.


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