President Obama Reveals How to Get National Unemployment Rate To 6%
Black Enterprise Magazine September/October 2018 Issue

(Image: File)

President Obama addressed a group of digital journalists at the White House Wednesday stating that the construction industry and state and local governments are weighing down the U.S. economy. If those two sectors were recovering as they have in previous recessions, the unemployment rate would be in the 6% range, said the president.

This isn’t the first time Obama has talked about the correlation between an improved infrastructure and a stronger economy.  The president has long fought to send more aid to state and local governments, as well as boosting infrastructure spending.

These two areas received billions of dollars from his 2009 stimulus act, which he hoped would reverse the nation’s economic drop. However, Congress has resisted funneling more money to assist these sectors.

“This country could greatly benefit from a major rebuilding — roads, bridges, ports, high-speed internet, high-speed rail,” Obama said.

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Sade K. Muhammad

Sadé Muhammad is a news intern at BlackEnterprise.com. Before Black Enterprise, she was a fashion writer for Jonesmagazine.com, blogger and research intern for Niaonline.com, and a marketing and web intern for WPVI-TV/6ABC in Philadelphia, PA. Sadé is a senior magazine journalism major and honors student at the Newhouse School of Public Communications at Syracuse University. With a passion for empowerment and solidarity among women of color, she is developing a print and online lifestyle magazine catering to this very audience for her senior thesis. When she’s not writing, she is talking fashion, travel, and Knicks basketball.


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