Obama Plans for 2.5 million New Jobs by 2011

President-elect Barack ObamaBarack Obama revealed Saturday new ideas for shoring up the economic woes that are engulfing the country. Vowing to push for immediate action once he is sworn into office in January, Obama indicated that his plan would allow for the growth of 2.5 million new jobs by 2011.

Obama's weekly radio address, posted on YouTube Saturday, showcased his willingness to go the extra mile to help middle-income workers and to revive the economy. His plan has been dubbed by the New York Times as the biggest public works construction program since development of the Interstate Highway system more than 50 years ago.

Although this may help breath some life into the troubled U.S. economy, many conservatives aren't buying the logic. Instead, conservative politicians see the program as one that will bring more trouble than help, as many of the newly created jobs may not be able to sustain themselves in a free market economy in the future.

The job plan will include jobs that range from Broadband Internet upgrades for libraries, schools and hospitals, infrastructure improvements to roads and bridges throughout the country, and eco-friendly initiatives that Obama indicates will help save taxpayers money and create new jobs.

In his address Obama stated, "It is unacceptable that the United States ranks 15th in the world in broadband adoption. Here, in the country that invented the Internet, every child should have the chance to get online."

His statements come in the wake of a Friday report released by the Department of Labor which indicated a job loss of 533,000 in November alone. A CNN report noted that this was the "largest monthly job loss since December 1974." This year alone Americans have lost nearly 2 million jobs, with unemployment rising to 6.7 percent, the highest rate since October of 1993.