Background: 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. Full story >>
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For more insight on the Obama adminstration's new proposed economic policy, we have Professor Patrick Chovanec from the School of Economics and Management of Tsinghua University joining us in the studio.
1 The Obama administration wants to create more jobs though the six-year plan to overhaul the U.S transportation, but who is supposed to pay for it and how will it help to bring down the unemployment rate?
2 The key problem is whether U.S. Congress will give this iniative the support it needs. What is your opinion on this issue?
3 the new proposal sounds like Roosevelt's New Deal back in the 1930s which had 3 core concepts including reform, recovery, and relief. Do you think that Obama could be as successful with his economic policy as Roosevelt was back in the day?