At 7 p.m. tonight, U.S. President Barack Obama unveiled his $447 billion jobs creation plan in a speech to a joint session of Congress.
“I am sending this Congress a plan that you should pass right away. It’s called the American Jobs Act,” said Obama. “Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans – including many who sit here tonight. And everything in this bill will be paid for. Everything.
A breakdown of the jobs package sounds similar to the $300 billion pork-filled stimulus package that Obama signed right after taking office in 2009. According to CBS, more than $100 billion will go towards infrastructure and a similar amount will be comprised of money to states to hire more teachers and first-responders and tax breaks for small businesses.
There was no mention of tax hikes to help pay for the jobs package, but we know that’s coming. Still, economists see no Hope or Change in Obama’s latest money wasting proposal.
Nike Releases Marty McFly’s Back to the Future Trainers
Yesterday, Nike announced the release of 1,500 limited edition pairs of Nike MAGS, the futuristic trainers that Marty McFly wore in the hit 1989 film ‘Back to the Future’.
According to Nicekicks.com owner Matt Halfhill, who was flown out to LA for the shoe unveiling Thursday, the cartoonish trainers comes with a battery pack and the Nike logo lights up like the ones in the movie. But unlike the movie version, the shoes are not self lacing.
