Obama's focus in this plan is to decrease the rate of unemployment. He wants to cut taxes, spend more money on schooling, offer the unemployed a subsidized training program and extend unemployment benefits. All of these will help the employment rate increase by providing more jobs, as well as make it easier and more beneficial for companies to hire new workers.In the short run this plan is very risky and un-beneficial because a lot of money is being spent on something that is not 100% trustworthy. There is a risk that the US government has to take in order to give this plan a chance to work itself out. In the long run, the economy will benefit because more and more people will start working again, and after a few years, the companies will have to pay taxes on their workers, and so the government will slowly gain the money spent back. The economy as a whole will prosper because the people will be happier, and will therefor work harder.
I think this is a very good project because it is very practical and is sure to work. The US unemployment rate will decrease in a matter of years, gaining popularity for Obama, and faith of a better future for those who are in need now.