Recovery Plans

By Ben Trott

A couple of days ago, in his weekly video address to the nation, Obama delivered his most concrete statement so far on his plans for economic recovery. 

In the January 3rd address, the president-elect promised to create 3 million new jobs, with 80% of those in the private sector. He pledged to double investment in renewable energy and committed funds to developing infrastructure - especially roads, bridges and schools. New classrooms, laboratories and libraries were promised, as was the updating and computerisation of the health care system. Finally, he pledged 'direct tax relief' to 95% of American workers.

Both the video and the full text of Obama's statement are here. There is an article in today's New York Times taking a look at some of the likely motivations behind the tax relief, as well as a more detailed examination of the recovery plan thus far.