Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

Obama outlines rebuilding plans to create jobs

(Agencies)
Updated: 2008-11-22 21:16

Across the country, Americans "are lying awake at night wondering if next week's paycheck will cover next month's bills," people are showing up at work to clear out their desks and retirees are watching their life savings disappear, Obama said.

Related readings:  Who would appear on Obama's cabinet list?  Clinton accepts Obama secretary of state offer: report  Dow up 494 as Obama prepares to name treasury boss  Aides: Obama plans to nominate Clinton

On Thursday, the Labor Department reported that claims for unemployment benefits jumped last week to 542,000. That marked the highest level since July 1992 and provided fresh evidence of a rapidly weakening job market that is expected to get even worse next year.

In this country's darkest hours, the American people have risen above their divisions to solve their problems, he said.

"We have acted boldly, bravely, and above all, together," Obama said. "That is the chance our new beginning now offers us, and that is the challenge we must rise to in the days to come. It is time to act. As the next president of the United States, I will."

   Previous page 1 2 Next Page  

   Previous page 1 2 Next Page