PLAN VIEW: OBAMA'S JOBS ACT

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STORY: PLAN VIEW: OBAMA'S JOBS ACTDATELINE: Oct. 12, 2011LENGTH: 0:09:40LOCATION: WashingtonPKGIntroFacing sluggish economic growth and stubbornly high unemployment, U.S. President Barack Obama launched a 447 billion U.S. dollar job plan on September 8.But the Senate Tuesday rejected the bill, with a number of Democrats opposing the stimulus spending and taxes on the rich.In today's Economy Report, we'll give you detailed analysis of the job plan's prospects.Pkg$447 BLN JOB PLANKnown as the American Jobs Act, the 447 billion-dollar plan is the third major stimulus package since the outbreak of the global financial crisis in 2008.Shortly after Obama's inauguration, the president launched a 787 billion-dollar plan to revive the economy. About a year later, he rolled out an 800 billion-dollar package.Obama believes his latest package will help kick start the currently stalled economy.SOUNDBITE (ENGLISH) BARACK OBAMA, US PRESIDENT:"It will create more jobs for construction workers, more jo
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Producer : Xinhua News Agency

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