Obama: Jobs plan is insurance against a ‘recession’


WASHINGTON — The $447 billion American Jobs Act is an insurance policy against the economy retreating back into recession, President Barack Obama told NBC in an interview aired on Monday.

“There are still a lot of folks hurting out there. And my job as president of the United States is not to worry about my job — my task is to worry about their jobs and their economic situation,” he said in an exclusive interview with NBC’s Brian Williams.

Obama will send Congress his new jobs bill on Monday and urge lawmakers to quickly pass it, a White House official said.

The president will also travel across the country to build public support for the package he unveiled last week. He’ll visit the pivotal campaign states of Ohio on Tuesday and North Carolina on Wednesday to ask voters to pressure lawmakers to pass the bill.

The centerpiece of the plan is lower payroll taxes for individuals and businesses. There’s also new spending to hire teachers and rebuild schools, among other things.

Teachers, police officers, firefighters and others will join the president to call for passage, according to the official, who spoke on condition of anonymity ahead of the president’s remarks.

Read full article here: MSNBC

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