This is an interesting article for the seniors found in the New York Times! Hopefully by the time we graduate, Mr. Summers' prediction will help us out.
Mr. Summers said that President Obama will be encouraging banks to expand the flow of credit to small businesses, which, in his opinion, is very easy to do. If that plan works, then many people will either be getting their jobs back or new jobs will be opening up. However, on OUR end of things, seniors, we will be fresh out of college with the skills needed to perform the jobs that are open.
Summers said that they are planning to create more jobs by having "every bill passed be a job bill." Obama is planning on spending $50 billion to repair the United States infrastructure.
Although republicans and centrist senators are skeptical about the plan, the Obama office seems upbeat and confident that it will work. Hopefully, for our sake, his plan works and more jobs will be created just in time for graduation!
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