Congress, in conjunction with President-Elect Barack Obama's team, are working on a plan to inject the American economy with a shot in the arm as soon as Obama takes office. The "Buy American" plan is a blueprint that Obama's team hopes will save, or create, 3 million jobs.
According to The New York Daily News, the President-Elect talked up his economic proposal in his most recent radio address, stating: "This plan must be designed in a new way. We can't just fall into the old Washington habit of throwing money at the problem...We must make strategic investments that will serve as a down payment on our long-term economic future."
Obama is also allegedly looking to implement $300 billion in tax cuts once he becomes President.
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