CCTV.com - CNTV English - CCTV News

Obama unveils infrastructure package

09-07-2010 13:48 BJT

Watch Video

Play Video

US President Barack Obama has unveiled a 50 billion dollar infrastructure package to build roads, railways and airport runways to improve the country's employment situation. Obama says he wants the US to have the best infrastructure in the world.

In a move aimed at jump-starting the economy and generating some desperately needed U.S. job growth, President Barack Obama announced a six-year plan to revamp America's aging roads, railways and runways with a 50 billion US dollar up-front investment.

Barack Obama, US President said "I want America to have the best infrastructure in the world. We used to have the best infrastructure in the world. We can have it again. We are gonna make it happen."

The President, who outlined his infrastructure proposal Monday at a Labor Day event in Milwaukee, Wisconsin, has been fighting a growing perception that he has not done enough to spur growth and bring down the U.S. unemployment rate - which now stands at 9.6 percent.

Barack Obama said "I am going to keep fighting, every single day, every single hour, every single minute to turn this economy around and put our people back to work and renew the American Dream, not just for your family, not just for all our families but for future generations. That I can guarantee you."

But selling the infrastructure plan to a skeptical Congress and a skeptical public won't be easy.

A senior administration official acknowledged to Reuters that the President's proposal will not immediately stimulate the U.S. economy and that the first jobs it creates won't be until next year.

Related stories

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program