On Wednesday evening, January 27, President Barack Obama gave his first State of the Union address. He touched on many of the issues facing America, such as the two wars, health care reform, and the national deficit. His main focus, as Tom Foreman, political correspondent for CNN so eloquently states, was "creating jobs, jobs, jobs."
Throughout his speech President Obama made it clear the job creation was his administration's top priority. He outlined several measures, including tax credits for businesses who hire or increase wages and funding several infrastructure and development programs. He wants to increase America's exports and fund research and development for "clean energy," and "green jobs."
All these programs and proposals are aimed at helping "Main Street," or middle class America. As the official White house blogs puts it, President Obama is "putting Washington at the service of the middle class."
The President was vocal about needing these changes sooner rather than later. "I want a jobs bill on my desk without delay," Obama said Wednesday night.
What does all this mean for the average American? Well, if he delivers on his promises, jobs, jobs, jobs!
Last year President Obama signed the American Recovery and Reinvestment Act of 2009. One of the main goals of the act was to create jobs.&nbs
; According to official government statistics at Recovery.govMassachusetts alone has created 9,227 with money from the act . While it's difficult to pin down an exact number of jobs created by the act, it's estimated that there have been 595,263 jobs have been created. With those numbers, it's safe to say this act has had a substantial impact on our economy.
Among other things the act gave $80.9 billion to building up infrastructure, $61.3 billion towards energy, which includes the "clean energy" jobs the President spoke of in his address, and $8.9 billion to scientific research. All these areas, along with health care and education that also got a boost in spending from the act, directly create jobs.
In 2010 Obama wants a "jobs bill," something akin to the Recovery Act, but more focused on job creation, rather than the entire economy. The supply of funds and tax cuts for businesses, in addition to government jobs, will bring in more jobs, which is sorely needed. Based on the trends of the funds from the Recovery Act, we are headed in the right direction.
What does all this mean for those of you working with Laufer and Associates? We are seeing an increase in job orders, not all of which are listed here, or on our public site; we suggest that this may be the time to dust off your resume and start considering your next growth strategy and how our team can help you to put this in action! Email anyone of our recruiters today to learn more.
Read the official White House blog of the speech here CNN's breakdown of the address here Tthe full transcript of the 2010 State of the Union is available here And a great Wikipedia article on the American Recovery and Reinvestment Acto of 2009 is here
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