Obama Readying Plan To Boost Jobs, Cut Deficits

The White House on Wednesday said President Barack Obama would unveil fresh ideas to jump-start the economy and cut deficits, but details offered so far appeared to be a compilation of old proposals.

Obama faces serious doubts among Americans about his economic leadership and is now trying to convince skeptical voters and Wall Street that he has a workable plan to keep the United States from dipping back into recession.

The White House said Obama will give a speech after the September 5 Labor Day holiday to outline measures to boost hiring and find budget savings that surpass the $1.5 trillion goal of a new congressional deficit-cutting committee.

According to senior administration officials, Obama will renew his call for Congress to extend a payroll tax cut — a measure the White House says would encourage business to increase hiring but that economists say is likely to make little difference to an economy that is struggling.

The officials said Obama's plan also includes new ideas to accelerate job growth in the short term. The national unemployment rate is stuck above 9 percent, a major impediment to Obama's chances for re-election next year.

The official also said the growth package would include a mix of tax cuts and infrastructure spending as well as some measure targeted at the long-term unemployed. That would likely be a training and education plan.

Obama, who has been criticized in recent weeks by political opponents, allies on the left and Wall Street for repackaging old job-growth ideas, will be under pressure to say something new.

White House officials said no final decisions have been made on what Obama would include in his September speech.

'Drop it in the mail'
"We really don't need another speech — just a plan, like, on paper," said Brendan Buck, spokesman for House of Representatives Speaker John Boehner, on Twitter. "Seriously, just drop it in the mail. Podium not required."

Boehner is the top Republican in Congress.

White House Communications Director Dan Pffeifer said on Twitter the September package would include "meaningful, new initiatives to grow the economy and create jobs" and will also push Congress to act. He gave no details.

Obama also will propose a long-term deficit reduction package based on the $4 trillion deal he tried to broker with Boehner to avert an unprecedented default on U.S. debt obligations, administration officials said.

That agreement would have imposed roughly $3 trillion in spending cuts -- including curbs on social programs such as Medicare, the health insurance program for the elderly -- and $1 trillion in revenue increases, mostly through tax reform.

Those talks failed in July, leading Republicans and Democrats to a lesser agreement that raised the U.S. debt ceiling in time but failed to stop ratings agency S&P from stripping America of its top-notch AAA credit rating.

The agreement created a powerful 12-member congressional panel given the task of finding up to $1.5 trillion or more in savings to tackle the deficit. If it fails to agree on at least $1.2 trillion in savings, automatic spending cuts that hit a wide range of government programs would be triggered.

Boehner and his deputy Eric Cantor signaled they could be open to some of Obama's job growth ideas in an editorial in USA Today newspaper.

"We must dedicate ourselves to pro-growth policies that help create middle-class jobs, make it easier for existing businesses to thrive and allow more start-up companies to flourish," the two top House Republicans wrote.

"This means easing the tax burden on small businesses and removing burdensome, redundant regulations that impede private sector investment and job creation."

But with Republicans intent on making Obama a one-term president, the party may be reluctant to agree to any measures that make the Democratic president more electable.

Obama bruised
The debt-ceiling battle weakened Obama politically, and he has gotten little lift from his current campaign-style bus tour through Middle America where he has been seeking to convince Americans that Republicans are to blame and he has ideas to create jobs.

But he has little positive news to work with. After avoiding default, S&P downgraded the U.S. rating, the government revised down economic figures to show a highly fragile recovery and global stock markets tanked.

A Gallup poll completed on Saturday showed Obama with a 39 percent approval rating — the lowest of his presidency.

The Democratic president is widely seen to have few tools left to bolster the U.S. economy and tackle unemployment. His hands are tied by a divided Congress, where Republicans control the House of Representatives and oppose any significant spending measures to stimulate growth.

Obama said on Monday that he would put forward an economic growth plan to address jobs and the deficit when Congress returns from its summer recess. But at the time, he disclosed no details of what the package might contain.

On Wednesday, the president was wrapping up a three-day bus tour through Minnesota, Iowa and Illinois in which he has been repeating well-tread proposals to boost hiring, including free trade bills, payroll tax cuts and highway repair work.


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  • by Theresa on Aug 21, 2011 at 08:36 PM
    And we are supposed to trust Barack Insane Obama, why?
  • by David Location: jacksonville on Aug 21, 2011 at 01:29 PM
    dude did Bush ask for us to be attacked? No so dont be stupid and say it was his fault we had to go to war. The fact is obama hasnt brought troops back in fact he added troops so really talk about the facts.
  • by Col. Colt Location: ENC on Aug 20, 2011 at 06:43 PM
    What! Obama going to get his self a job, he done failed at this one.
  • by Obama Snake Oil Co Location: Washington on Aug 19, 2011 at 08:30 AM
    If you think its not Obama's fault, you need to blame the DNC for the past 4 years of spending out of control. I just want to add, I am so glad that Bush was an honarable man...he never blamed Clinton over 911 or the problems given to him over the housing market crisis that crash landed in Obamas back yard. Why? He was a leader and took responsibility. I have never heard a president blame more on another president than Obama in my life period. You liberals are proud of this as the rest of us are ashamed of him. So, as I said before, Obama was warned about the S&P downgrading and did nothing. Congress knew about it and the Tea Party tried to get them to stop spending and man up. Yet the DNC fought them, Reid fought them and the compromise was a terd. Obama signed it into law...He bought it, its his signature.
    • reply
      by GOP=traitors on Aug 20, 2011 at 03:45 AM in reply to Obama Snake Oil Co
      What are you rambling about now? Obama was the one who warned the Republicans about stalling on the Debt Ceiling. He wanted a BIG Deal that would satisfy all parties, Rebubs and Dems. The Democrats agreed and gave up specific items, the Republicans/Tea Party refused....and the country suffered. They were the ones celebrating and stating they got 98% of what they wanted. Then after the downgrade, they tried to blame Obama. The Rep/TeaParty are deliberately destroying the country, just to keep Obama from being re-elected. Remember their number one priority was to keep Obama out in 2012, even if it means destroying the economy.
      • reply
        by To GOP=traitors on Aug 22, 2011 at 08:50 AM in reply to GOP=traitors
        I agree, and now they want us to elect a "patriot" that talked about seceding? What a joke!
        • reply
          by Obama Snake Oil Co on Aug 22, 2011 at 04:22 PM in reply to To GOP=traitors
          So is your post...all of it...geez!
      • reply
        by Anonymous on Aug 22, 2011 at 01:42 PM in reply to GOP=traitors
        The Democrats never had debt plan. They just waited for the Republicans to come up with one, then the Democrats striped it down and put in what they wanted.
      • reply
        by Obama Snake Oil co on Aug 22, 2011 at 04:19 PM in reply to GOP=traitors
        Really, well, if they would stop spending more than they take in and try to blame it on the rich...we would have hope. You obviously, have been to the liberal brainwashing sites where you received your lobodomy in a timely fashion. And oh year, those tea party people are destroying the country that Obama wants...I for one am with them. Why? Simple, for the sake of our children and their children...simple for ya...don't spend their money for the sake of instant gratification. Not every bridge needs to be replace or every road repaved when that will be necessary when they get of age. When a fool posts that the GOP wants to destroy the economy...Obama has been doing that just fine on his own, they are just trying to do damage control for re election of themselves. In the DOPES, Democrats of People Environmentally Sensitive, they are finished in 2012 for not listening. Soul search...the president is 22% approval rate right now....I hope you get it...he will in 2012.
    • reply
      by Anonymous on Aug 20, 2011 at 03:52 AM in reply to Obama Snake Oil Co
      Tea Party rally cheering about US downgrade. http://progressivetoo.com/2011/08/08/video-tea-party-cheers-for-downgrade/
      • reply
        by Obama Snake Oil co on Aug 22, 2011 at 04:11 PM in reply to
        Yes, and thank god they figured out the insanity of spending more than the percent of GDP. Thanks for posting that cheery video...wow, they rule man. To think a party could spend 4 times more than Bush did in 8 years, geez...at least someone still has some brains left after the zombie attack!
    • reply
      by Just facts on Aug 20, 2011 at 04:05 AM in reply to Obama Snake Oil Co
      The Bush administration has been the borrow and spend ticket since it came to power. When, in the history of the world, has a government simultaneously cut taxes (for the rich) and funded war? There’s a reason the answer to that question is: never. President Bush inherited a budget surplus of $128 billion when he took office in 2001 but has since posted a budget deficit every year. The Bush administration has spent heavily on the wars in Iraq and Afghanistan, and faces a large budget shortfall in tax revenue because of Bush’s tax cuts and a souring economy. So who do they blame for the current state of affairs? Give yourself a gold star if you answered, “Bill Clinton.” …the senior administration official says the budgetary problems stem from what is believed to be inadequate defense, intelligence and homeland security resources that were handed down from Clinton.
      • reply
        by Obama Snake Oil Co on Aug 22, 2011 at 06:37 AM in reply to Just facts
        John Kennedy cut taxes during a war. It got the economy going again. Check you facts. OK, agree Bush did spend but Obama out spent him 4 to 1. Google president by deficit and by budget by year. Then you will see why I read your post as typical liberal blatherskite.
  • by don'tdrinkthetea on Aug 19, 2011 at 03:54 AM
    It amazes me how so many blame Obama for this mess. This problem was already here when he took office..congress (teadrinkers and Republican's scared of teadrinkers) won't work with him. Keeping the Bush tax cuts is a JOKE. Even a plain little nobody like me can see that. I think Obama, John Bonehead and the rest of congress needs to get back to Washington and get to work. Put your parties aside and think about the American people.
    • reply
      by Anonymous on Aug 19, 2011 at 05:33 AM in reply to don'tdrinkthetea
      I agree.
      • reply
        by Kay on Aug 19, 2011 at 05:37 PM in reply to
        Something was working under Bush. Unemployment was way lower, groceries were cheaper, gas was cheaper, and I got money back from him instead of im taking it all.
        • reply
          by to kay on Aug 20, 2011 at 03:35 AM in reply to Kay
          That was because Clinton left President Bush with a surplus, Bush eventually ran through the surplus and had to increase the Debt Ceiling 7 times in his 8 years.The money went to give tax breaks and subsidies to big oil and big business. And the 2 wars that were not payed for by tax increases.
        • reply
          by To KAY on Aug 21, 2011 at 10:41 PM in reply to Kay
          Better review the years 2007-2009!
        • reply
          by To Kay on Aug 22, 2011 at 08:52 AM in reply to Kay
          I guess you don't remember gas @ $4.00 a gallon. Don't feel bad, Bush didn't know it either until a reporter told him!
  • by Anonymous on Aug 18, 2011 at 06:48 PM
    Arrogant GOPers, what proposals have they submitted? Oh, I forgot, the Bush Tax Cuts! Hows that working out for ya?
  • by Anonymous on Aug 18, 2011 at 06:25 PM
    Arrogant GOPers, what proposals have they submitted? Oh, I forgot, the Bush Tax Cuts! Hows that working out for ya?
  • by Barlow Jr on Aug 18, 2011 at 10:55 AM
    I see my dadddy's name and his friend's name being mentioned....I just want to apologize for both of them for being mislead. Maybe one day they'll wake up and see the problems Mr. Wonderful (that's what they call him) has created.
  • by Obama Snake Oil co Location: Washington on Aug 18, 2011 at 05:48 AM
    Oh good, now unemployment will be 12%. Will someone please tell this fool that those federal regulator jobs...tadpole pond observers, are chasing industry to China where he borrowed massive amounts of money? While you are at it, let him know we have most of the worlds energy in America, not Saudi...he surrounded himself with people like himself...they were all idiots.
    • reply
      by Anonymous on Aug 18, 2011 at 12:52 PM in reply to Obama Snake Oil co
      Good thing those Bush tax cuts created so many jobs, eh Tea Drinker?
      • reply
        by Obama Snake Oil co on Aug 18, 2011 at 04:47 PM in reply to
        Yeah, I agree, they saved us from that 12% mark..so my fellow employees kept their jobs. Tea? I kind of prefer that from koolaid...its more natural you know. Gosh I miss Bush...at least we had a leader..maybe not a good decision...but he made them...our current pres just goes on vacation to see what George Soros thinks. You didn't vote for that terd did ya?
        • reply
          by get a life on Aug 18, 2011 at 06:11 PM in reply to Obama Snake Oil co
          FYI we will be digging out of Bush's hole for the next 5-6 years, thanks to people like Obama Snake Oil, who voted for Bubba "Twice", now wants to sit back and block any form of stability the President presents. Do you have a problem with his race? If you are a "mutt" as you claim, maybe you have some dark inner fear of someone succeeding in life like you, and you didn't. Meds can help you fit this, but not the ones you are currently on.
        • reply
          by W hat ? on Aug 18, 2011 at 06:47 PM in reply to Obama Snake Oil co
          Your Tea must be laced with powdered cocaine if you think those Tax cuts helped us. Then again, you believed there were WMDs also.
  • by games will begin on Aug 18, 2011 at 03:47 AM
    repackaging old ideas, gee, who would have thought. lavon and barlow will be on here defending thier god, but the rest of us know he is worthless and useless. I truely doubt he has any ideas on how to help us, nor does he even care about us.
    • reply
      by Anonymous on Aug 18, 2011 at 12:53 PM in reply to games will begin
      Talk about worthless and useless, that loser Bush who got us into this mess hasn't even been seen in public but about twice. I don't blame him.
      • reply
        by Obama Snake Oil co on Aug 19, 2011 at 05:16 AM in reply to
        Check you media..apparently you missed it...
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