Toyota launches diesel versions of Etios and Liva
"Tonight we meet at an urgent
time for our country," Obama said to the legislators. "We continue to face an
economic crisis that has left millions of our neighbours jobless, and a
political crisis that has made
things worse."The
president called on the Congress to stop "political circus" and
pass the job
plan immediately."The question is whether, in the face of an ongoing
national crisis, we can stop the
political circus and actually do
something to help the economy," Obama said.The $447-billion plan, which is called the American Jobs Act, is the third major stimulus package."It will create
more jobs for
construction workers,
more jobs for teachers,
more jobs for veterans, and
more jobs for the long- term unemployed," he said."It will provide a
tax break for
companies who
hire new workers, and
it will cut payroll
taxes in
half for every
working American and every small business," he noted, urging legislators "You
should pass this
jobs plan right away."The US economy, which grew at only 0.7 percent in the first
half year, is expected to remain on a sluggish growing track in the near term. However, unemployment which currently stands at 9.1 percent, is widely projected to stay at a high level through the presidential election
year in 2012.
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