Kevin G. Hall: Obama has to make bold moves if he is to reduce unemployment
Kevin G. Hall, the former South America correspondent, is now the bureau’s national economics reporter. During his career he has reported from Mexico City, Saudi Arabia, Miami, Los Angeles and Washington, D.C., for the Journal of Commerce and United Press International. He speaks Spanish and Portuguese.
Obama: Use leftover bank bailout money to create jobs
by Margaret Talev Kevin G. Hall and David Lightman
December 8, 2009
WASHINGTON — President Barack Obama’s call Tuesday to spend much of the $200 billion in “extra” bank bailout funds on job creation efforts embodies Democrats’ strategy to make a second economic stimulus more palatable to wary taxpayers.
In a speech at the center-left Brookings Institution, Obama put no price tag on a combination of small business, infrastructure and clean energy spending he proposed as mechanisms to replace lost jobs in an era of 10 percent unemployment.