Obama links job growth to health care proposal

As the unemployment rate climbs, President Barack Obama is trying to make the case that his health care overall would create jobs by making small business startups more affordable.

WASHINGTON: As the unemployment rate climbs, President Barack Obama is trying to make the case that his health care overall would create jobs by making small business startups more affordable.

Dismissive Republicans blamed the continuing job losses on Democratic policies and said the president's health proposals won't help. In his weekly radio and Internet video address today, Obama linked one of his biggest challenges - joblessness, with passage of far-reaching changes to the US health care system.

If aspiring entrepreneurs believe they can stay insured while switching jobs, Obama said, they will start new businesses and hire workers. The unemployment rate rose to 9.8 per cent in September, the highest since June 1983, as employers cut far more jobs than expected.

All told, 15.1 million people are now out of work, the Labour Department said, and 7.2 million jobs have been eliminated since the recession began in December 2007.

Obama said he has met people "who've got a good idea and the expertise and determination to build it into a thriving business. But many can't take that leap because they can't afford to lose the health insurance they have at their current job."
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Obama links job growth to health care proposal
Text Size:AAA
Success
This article has been saved

*

+