WASHINGTON – President Bush told an audience at the Northern Virginia Community College (search) Tuesday that his economic policies would help people find work.
He called on Congress to act on his $3.6 billion proposal for re-employment accounts, to help tide over unemployed workers as they seek new jobs.
The plan would give unemployed Americans up to $3,000 for job search expenses and let them keep what's left over if they find work and stay employed.
It is aimed at people who exhaust their unemployment insurance. They could draw from a special account of up to $3,000 per person, administered by the states, to pay for child care, job training, transportation and other expenses of finding a job. People who landed work within 13 weeks and stayed there six months could keep the remaining money as a bonus.
Bush also urged the Senate to act on a House-passed bill that gives workers more flexibility in setting up investment accounts.
Bush cited "fantastic opportunities that people can find in our community college system across the country, about the idea they need to have flexibility to make sure that training programs actually work, to help people for jobs that exist."
Bush said that the $350 billion, ten-year tax cut (search) and stimulus package he signed last month would go a long way toward helping to create new jobs.
"The whole focus of the legislation is how do we create the number of jobs around our country so people can find work," he said.