President Obama addressed Congress on Thursday night with a crucial speech he called the American Jobs Act, which had implications not only for the American economy, but for the 2012 Presidential election too.
The main highlight was a $447 billion proposal to incentivise growth and hiring, fuelled by tax cuts and spending measures.
The main cause for concern is the US unemployment rate, currently at 9.1%. This looks to potentially be the crucial topic during the campaign next year.
Some Republicans have expressed interest in finding compromises on certain aspects of the proposal, although many have dismissed the whole package as electioneering.
http://thenewsportal.net/?p=1176506
Sources:
http://www.reuters.com/article/2011/09/08/us-obama-jobs-proposal-fb-idUSTRE7877TG20110908
http://www.bbc.co.uk/news/world-us-canada-14841746
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