Showing posts with label 2.6 million loss of jobs. Show all posts
Showing posts with label 2.6 million loss of jobs. Show all posts



Obama has declared to come out with a stringent plan to reverse the economic slide and to strengthen the fallen dollar. His plans mainly mentioned a $1 trillion bailout plan to help reverse the current situation.

Quoting his concern over the loss of 2.6 million jobs last year which was the highest since World War II, manufacturing which is at 28-year low. He also mentioned that is this continues then the unemployment could reach upto levels of 10% which is very high and considering 1 out of every 10 homes wouldn’t have a earning hand, he would do anything to stop that to happen.

Obama’s plans stands at injecting $1 trillion over this year which will help economy, and fulfill pledges. And also mentioned that a second plan would be suggested even before the first one is complete on the intermediate outcomes of the first and anything and everything will be done to help and retain the levels.


 

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