In his weekly address, Obama lets us know that he’s finally put his economic team to work to come up with a plan to create news jobs (road construction, school upgrades and making alternative energy):

President-elect Barack Obama announces he has directed his economic team to assemble an Economic Recovery Plan that will save or create 2.5 million more jobs by January of 2011

Just in time for re-election. Where does he plan to get the money for these new jobs? The windfall profit tax is out since oil prices have plummeted and he can’t raise the corporate tax or capital gains tax (and with the down turn in the market, would there be enough gains to tax?) because that would tank the economy even more and we’ll lose more jobs than he’s trying to create. So, where’s the money coming from for investment in green technology and busy work?BTW, the jobs he says he’s creating are nothing like the jobs people are actually losing. He’s talking about construction and energy but those who are losing their job are in the financial services field. What does he plan to do to help them? How does his plan address the deep cuts in that field?You know, it’s not very changey to go back to the depression for solutions to problems in today’s global economy.Here’s the video: