1/28/2010

President Barack Obama put jobs and the economy at the heart of his State of the Union address, saying the country must build "the infrastructure of tomorrow." Of the money that banks repaid for their bailouts, $30 billion should be put into a program to help community banks loan to small businesses, he said. Obama called for a tax credit for small businesses that hire or raise employees' pay. Mark Zandi, chief economist at Moody's Economy.com, singled out the tax credit for praise, saying it "could be a substantial game-changer."

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