Obama to Spell Out New Job-Creating Initiative

WASHINGTON (AP) - President Barack Obama is promoting support for small businesses and roads, bridges and energy efficient homes in a wide field for the Americans back to work and reverse two-digit unemployment is approaching a quarter-century high, a government official said Tuesday.

In remarks prepared for delivery Tuesday, Obama plans to talk about what you want in the coming weeks and months - mainly Americans more in the workplace and less on unemployment, which now stands at 10 percent.

Obama plans to address three main areas: helping small businesses grow and add staff, modernization of transport infrastructure, and make homes energy efficient, according to an administration official who discussed the speech on condition of anonymity a view a prior unpublished.

He said Obama's statements do not represent the sum of the president's plan, but rather an outline for the way forward. It was a similar line of other White House officials used a preview of the comments.

''We have some way to go,''the White House, Robert Gibbs told reporters Monday. ''The president is not going to reveal the silver bullet idea. ... If you had an idea to do this, I would have taken sometime in the course of 22 meses''desde the recession began.

The White House is considering using a boat suddenly available money left bank bailout by the government to help create jobs. Officials initially looked great the idea of trying to redirect that money into jobs related programs, but have changed their tone after a government report last week showed an unemployment rate slightly lower.

The president told reporters on Monday that there could be approaches selectivos''''para take the money went to support financial institutions seriously weakened. The administration and its congressional allies would have to move through a provision in the legislation of 2008 that require ransom money paid by banks or left to be used exclusively to reduce the federal deficit.

With a tough election year climb, Obama and congressional Democrats want badly to do something about jobs. Convert an unpopular financial rescue program, known as the Relief Program Troubled Assets (TARP), a potentially popular new jobs created has a strong political appeal. Republican critics have described this approach as a backdoor way of the enactment of a second economic stimulus package.

TARP''ha proved much cheaper than we expected, although not cheap,''Obama told reporters at the White House on Monday. ''This means that some of that money may be devoted to deficit reduction. And the question is: is there selective criteria that are consistent with the original objectives of the TARP - for example, ensuring that small businesses are still lending - would be adequate to accelerate job growth?''

It was the clearest sign that the White House might be planning to argue that help unlock credit for small businesses is in line with the original objectives of the proposed bank bailout and therefore a valid expenditure of federal money. Job creation would be a byproduct.

The rescue program, which had a starting price of $ 700 billion, was approved by Congress in October 2008 as the country's financial system teetered on the brink of collapse. The government now estimates the program will cost about $ 200 million less than the 341 billion U.S. dollars from the White House estimated that in August