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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.
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