Washington: In an effort to give a push to the sagging US economy, President-elect Barack Obama has instructed his key advisers to prepare a plan to create 2.5 million jobs in the next two years.
Addressing the nation in his weekly Democratic address, Obama advocated "swift and bold" action to revive the US economy and prevent it from further collapse.
"These aren't just steps to pull ourselves out of this immediate crisis; these are the long-term investments in our economic future that have been ignored for far too long," Obama said.
He termed the economic recovery plan, being developed by his staff, as "big enough to meet the challenges we face" and "lay the foundation for a strong and growing economy".
The two-year stimulus plan aims to create 2.5 million jobs by January 2011, with Obama looking to get it through the US Congress as quickly as possible.
Admitting that a Congressional approval for his broad economic plan will not be easy, he sought the support of lawmakers irrespective of their parties to get it through.
"I will need and seek support from Republicans and Democrats, and I'll be welcome to ideas and suggestions from both sides of the aisle," he said.
"But what is not negotiable is the need for immediate action," he maintained.
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