Analysis: Obama tries to stave off recession with $447B jobs plan

In a much-anticipated speech, President Barack Obama asked the U.S. Congress to approve a $447 billion package of tax cuts and new spending in the hope of heading off what could become a new recession early next year, according to The Economist. "Its provisions were carefully chosen to stimulate job growth immediately while maximizing the political price Republicans will pay to obstruct it," the magazine's Free Exchange blogger wrote.

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Economist (free content), The · White House Blog, The · Politico (Washington, D.C.)

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