Thursday December 17, 2009 05:32
Phase 2 of stimulus: Jobs and infrastructure
Posted by Alex as Recession
You have to appreciate the moves that the government is doing to get the economy back on track. If you think that the bailout is just it, the government announced that it will be moving on to phase 2 of the recovery.
Done with the rescues (with several companies announcing that they will be paying the government back), rebuilding and reengergizing infrastructure and jobs would be next.
The government plans to create jobs by boosting infrastructure. Road works, transport systems, broadband installations, and health research funding are key areas the White House has identified on which to invest.
These investments are expected to creat a domino effect on the private sector as well.
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Tags: Jobless, Recovery. Recession, Stimulus, Unemployment