President Obama will announce his plans for job creation on Tuesday in a speech at the Brookings Institution. According to CNN, the administration is expected to reallocate $200 billion worth of public funds—originally budgeted for the Troubled Asset Relief Program—toward new jobs projects, such as building new infrastructure or helping small businesses. The administration believes that because banks are recovering more quickly than anticipated, less money will be necessary for the TARP. Republican lawmakers are wary of the plan, saying that any leftover bailout money should be used to reduce the deficit rather than to pay for new projects. What do you think?
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Mrs. Elizabeth Anne Cole of DC 2:30PM December 11, 2009
Chris Petty of GA 11:54PM December 08, 2009