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Despite 9.6% Unemployment Rate, White House Says Economy Stronger Today by ‘Virtually Any Measure’ Than Two Years Ago


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Economy Stronger Today by ‘Virtually Any Measure’ Than Two Years Ago
Tuesday, September 07, 2010
By Fred Lucas, Staff Writer


President Barack Obama discusses the rising unemployment rate at the White House on Friday, Sept. 3, 2010. (AP Photo/J. Scott Applewhite)
Washington (CNSNews.com) – Despite the rise in unemployment to 9.6 percent, the U.S. economy is doing better and President Barack Obama is introducing further measures for long-term growth, said White House Press Secretary Robert Gibbs on Tuesday.

“By virtually any measure, our economy is in a better place than it was two years ago,” Gibbs told reporters at the White House.

Gibbs also briefly discussed Obama’s six-year plan, announced on Monday, to spend $50 billion to upgrade America’s highways, rail lines and airport runways.

In a speech in Milwaukee, Wisc., on Monday, Obama proposed the $50-billion infrastructure improvement program. The president also announced plans for tax breaks to allow businesses to write off 100 percent of new capital investments through 2011, according to the Associated Press. White House officials told the AP that the overall plan would save businesses $200 million over two years.

On Wednesday, Obama is scheduled to speak in Cleveland, Ohio, to announce further plans to spur economic growth and apparently create jobs. Cleveland was chosen because it is where House Minority Leader John Boehner (R-Ohio) delivered his own economic address two weeks ago, a White House spokesman said.snip
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