
President Barack Obama announced a broad proposal for job creation, targeting small business with more aid for the unemployed, but the jury is out on whether members of the Congressional Black Caucus, who have called for targeted efforts to help black Americans, will be satisfied.
The jobs plan rolled out by President Obama during a speech at the Brookings Institution Tuesday morning followed the general theme of aid packages unveiled during his administration: general assistance to the poor and unemployed but none targeted to specific groups.
For small businesses, the president has proposed extending tax breaks for some small business capital investments costing up to $250,000. He also proposes giving tax breaks to small businesses, hiring new workers and eliminating fees on loans made through the Small Business Administration.
For the unemployed, Obama is seeking more aid to extend benefits for those paying for Cobra health insurance.
In response to questions on why he hasn't employed a more targeted approach to help minorities find jobs, the president said that since minorities are overrepresented in the numbers of poor and unemployed hurt by the economic downturn, his measures will have a great impact on helping the minority community.
But some CBC members have been hinting that they seek more direct and targeted measures to help their constituents.
Members of the CBC have been playing down any open tensions between themselves and Obama, who was a CBC member when he was an Illinois senator. That does not mean some friction hasn't surfaced, though.
Last week, 10 members of the 43-member caucus boycotted a financial overhaul vote, a move viewed as a subtle jab at the Obama administration. And Rep. John Conyers of Michigan, when asked if he was disappointed with how Obama has attended to the needs of African Americans, shouted, "Yes," at a recent press conference.


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By: Christopher Carrothers on 1/02/2010 9:32AM
When I cast my vote it was a God given choice that my forefathers died for my right to vote. I own and operate a small minority General Contracting firm, decisions are part of everyday business. My point is this, any leader love him or not has to make decisions that are not going to please every one. Sometimes,we don't have the patience to allow a plan to unfold. From where I stand, why can't we Black America ban together and diversify ourselves, create small Conglomerates and build a business network among ousrselves from city to city, state to state. This would put us all back to work instantly. Therefore, we will be giving a hand up to each other. My industry is dominated by a majority white male group.23 years ago I said how can my company get in this race and stay in this race. My answer is simply this, diversify or die fiancially. Now with the collective efforts of others doing the same we can rebuild the African American community thereby build upon the American community. We can if we will, ban together and make this a pleasant ride for President Obama. Just think for one moment, no President has ever been perfect. I see houses and buildings vacant all over cities and investors are pooling their resources, let's do the same, start small and grow big. Mr Trump should not be the only giant Mogul.
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