Obama announces plans to create more jobs, invest in infrastructure
US president-elect Barack Obama on Saturday announced parts of his economic recovery plan aimed at saving or creating 2.5 million jobs through investments in infrastructure and technology, reported dpa.
In his weekly radio address, Obama reflected on news Friday that more jobs had been lost in November than in any month since 1974 and stressed that the United States will be able to weather the economic crisis.
"But we need action - and action now," Obama said. "That is why I have asked my economic team to develop an economic recovery plan for both Wall Street and Main Street that will help save or create at least two and a half million jobs, while rebuilding our infrastructure, improving our schools, reducing our dependence on oil, and saving billions of dollars."
He said his administration will create jobs by undertaking a large-scale effort to make government buildings more energy efficient with new heating systems and light bulbs, giving money to states to upgrade their infrastructure, modernizing school buildings, boosting broadband internet deployment, and improving technology in doctors' offices.
Obama is to take over the White House from President George W Bush on January 20.