Obama Wants to Create More Careers in Small Businesses


29 January 2010
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Careers have been a hot topic since the start of the recession, as many people lost their jobs and companies imposed hiring freezes. Although the government has invested billions into a stimulus package for the purpose of job creation, many people are still not satisfied with the number of careers available. Some industries took a larger hit than others, causing individuals to switch up their career path.

President Barack Obama said in his State of the Union that his number one priority is to create more jobs for America, according to U.S. News and World Report. The president said he feels that by boosting the job market, the rest of the economy will follow suit and strengthen. As a result, he is looking to impose less taxation on small businesses and is asking the banks to give them more loans.

Part of the president's plan is to take $30 billion of the money that Wall Street banks repaid to the government and invest it into small businesses, to help them increase their hiring as well as provide more money for people looking to make start ups.

According to the United States Department of Labor, more than 1 million small businesses are created on average each year.ADNFCR-1502-ID-19588358-ADNFCR

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