The new stimulus package by Barack Obama will include fiscal measures like the deletion of taxes for all investments in machinery and equipments made by American companies during 2011.

With this measure, Barack Obama pretends to benefit 1.5 Millions of companies, this could suppose a total amount of $200Bn a year in fiscal savings.

Barack Obama expects that with these savings will serve to hire new workers and improve the labor market. During the last months, the economy of the United States has been destroying jobs again and the unemployment rate grew in August to 9.6%.

However, the near legislative elections are a obstacle in the path of this fiscal reform . If Barack Obama wants the congress to approve this stimulus package will have to negotiate with Republicans and these are not very likely to reach an agreement taking in account that in November will be elections to refresh the composition of the Capitol.

The intention of Barcak Obama is to give retro activity to these measures once releasing them allowing companies to make investments in machinery without waiting to the approval of the proposal in the congress.

Other industry that the government of the United States wants to reactivate is the corporal investment . Barack Obama wants to stimulate expenditures in I+D of American companies and for that reason prepares fiscal benefits for that. According corporative estimations, this could suppose a cost nearly to $100Bn.

Barack Obama is looking for the best networks in the World

Cuts in investment come with the new investment plan in the infrastructure network with which Barack Obama wants to reactivate the labor market and return the pulse tho the low economic growth. During the second quarter, the GDP of the United States grew by 1.6%.

This sluggish growth provocated the analysts and economic experts to ask Barack Obama for a new stimulus plan to avoid a second recession.

Barack Obama anounced a infrastructure plan at six years, to rebuild and modernize roads, railways and airports. “the network is old and inefficient. We have to made it the best of the world”, pointed Barack Obama. The proposal, that wants to fight unemployment has a initial budget of $50Bn , the 0.35% of American GDP.

The procedure to approve this new law is already spending several weeks, and the party of Barack Obama, the Democrats, intended to limit the debate at a maximum of 30 hours more to vote the legal text, without more patches, before the end of this week.

In order to accomplish that, called a previous motion to consider ended or not the parliamentary procedures. However, the High Chamber rejected th democrat demand, with Republicans united against it, and the debate will continue during several day in the Capitol, until the parties reach an agreement.

Once this procedure is done, the law project will be able to be voted , and the will have to be revised by the congress, before being signed by Barack Obama to convert it in law. The initiative is aimed to harden and update the financial regulation of the country, that in some cases, hasn’t been changed since 1933.

According the spokesman of the White House, Robert Gibbs, the conversation was produced because Spain “suffers some problems where is necessary to take measures on them to be sure that will not extent to other countries”. However, José Luis Rodríguez Zapatero reiterates that Spanish Economy isn’t Greek economy.

Markets have put Spain and José Luís Rodríguez Zapatero (Mr Bean) in the eye of the hurricane.

Although Gibbs didn’t want to give details about the conversation, recognized that they spoke about the necessary measures to solve the problem with the public deficit, that reached 11.2%. Angela Merkel, also showed concern about the evolution of the economy during the last meeting of the Ecofin.

The Chinese first minister also phoned José Luis Rodríguez Zapatero worried for the crisis in Europe.

The buzz of Barack Obama to José Luis Rodríguez Zapatero is a sign of concern about the situation in Spain, because all the experts warned that is very more difficult to rescue one of the big countries of the euro, than a country like Greece. In the Eurozone, the idea of lending money to members who didn’t their homeworks, is spreading fears.

Today José Luis Rodríguez Zapatero, detailed how to reduce the deficit to 6% in 2011: a reduction by 5% to the salaries of civil servants, suppression to the 2500€ of the “cheque bebé”, given to newborns, and suppression of the aids to dependent people, these measures have been defined as the biggest trim in welfare in all the history of Spanish democracy.

Obama suggested in the yearly meeting on Washington of the enterprise council, to support the law project discussed in the congress about the financial reform.

“The measures we proposed are no way intended to hurt companies”. Assured Barack obama.

“As we learned so painfully last years, the Government has the obligation to establish rules of common sense in the markets”, aggregated.

Otherwise, “some can find more attractive try to take profit of the system than compete and innovate in honest way inside it”.

Barack Obama was speaking when the senate was beginning a discussion about the law project.

The chamber wants to vote a new amendment that stipulates that contributors won’t have to cover resulting loses if the government has to liquidate a financial corporation of big size in bankrupt

The senate thinks that will continue the discussion on the measure and vote about various amendments along next weeks.

Barack Obama warned today in his speech about some of these amendments, presented by the republican opposition, that in his point of view could serve to weaken the measure.

So Barack Obama declared that “we can’t let this reform be washed”. “And those among you in the financial industry whose corporations could have contracted chieftains than want to weaken the law, I reiterate to you…to join us,not to fight us”.

Among some of the proposals, the White House pointed amendments that would exclude the car concessionaires that give financement and the credit departments of big retailers.

In a speech hold on the Brookings institution, Barack Obama said that wants to ”boost the job generation” with part of the unused $200bn that will be saved from the financial rescue.

”The aid to the banks, was forecast to cost billions of dollars, but not it is in the way to generate billions of dollars in profits to the public treasure”, said Barack Obama.

The program was launched by the administration of his ancestor, George W.Bush, to prevent the the financial system to collapse after the bankruptcy of the investment bank Lehman Brothers. However, Many Banks returned the funds with interests as market stabilized during the last months, and the cost of the program has been reduced.

”This will give us the opportunity to reduce deficit faster than what we expected before, and use funds that would have gone to help the banks of Wall Street, to contribute in job generation”, said Barack Obama.

The White House didn’t release the total amount of money that will be used to stimulate the economy, However, a high civil servant said that the cost of th program will depend on the negotiations with the Congress.

The Government said in advance that is thinking in use an additional amount of $50bn on infrastructure projects, mainly transport and sanitation systems, that could have an immediate impact.

Among the most immediate measures announced by Obama, there are also tax reductions for small companies, and a new fiscal stimulus to promote hires, with the objective to reduce the unemployment index. Also will offer tax redemptions to investments on household ecology.

Barack Obama also spoke about Afghanistan

Dispatch of troops.

• Barack Obama said that will send 30000 additional soldiers to Afghanistan and relies on the allied countries to increase its amount of troops too.

Retreat:

Barack Obama relies on boost the transmission of the safety to the Afghan forces on July 2011.

What’s about You? Will you be affected by any of the thinks mentioned above? do you have a small company? Do you fight in Afghanistan? Are You Barack Obama?