Barack Obama announces job creation plan

Addressing the nation on his YouTube/radio address, President-elect promised a plan that would create 2.5 million jobs by 2011.

The plan is not worked out yet, but from the video it sounds like it will involve repairing crumbling infrastructure and investments in new green energy. No estimate on a price tag, or method of payment either. Hopefully it will involve raising taxes on the wealthiest Americans.

FOXNews

Obama’s Radio Address
New York Times - 1 hour ago
Following is a transcript of President-elect Barack Obama’s radio address for Saturday, Nov. 22, as released by the president-elect’s office.

Plan would create 2.5 million jobs by 2011, he says CNN

Obama urges fast response on economy

President-elect pushed for Congress to pass a quick economic stimulus plan and said if they failed he would make such a package his first priority in office.

Obama also specifically asked for a "down payment" on his rescue plan in the form of an extension of unemployment benefits. He made the appeal on his YouTube address, a planned weekly communication with the public.

Voice of America

Obama Urges Congress to Make `Down Payment' on Economic Rescue
Bloomberg - 2 hours ago
By Vincent Del Giudice Nov. 15 (Bloomberg) -- President-elect Barack Obama urged Congress to extend unemployment benefits as part of a ``down payment'' on a US economic rescue plan as world leaders meet in Washington today to fight the global recession ...

Obama urges Congress to quickly pass rescue plan Reuters