News / USA

Obama Campaigns For His Economic Agenda

US President Barack Obama answers questions during a town hall meeting, 02 Feb 2010 at Nashua North High School in Nashua, New Hampshire
US President Barack Obama answers questions during a town hall meeting, 02 Feb 2010 at Nashua North High School in Nashua, New Hampshire

Multimedia

Kent Klein

U.S. President Barack Obama has again gone on the road to try to persuade Americans to support his economic agenda.  The president is campaigning for his plan to encourage hiring.
 
President Obama visited the Northeastern state of New Hampshire on Tuesday, to promote a plan he hopes will help ease the nation's ten percent unemployment rate.

Mr. Obama says money repaid by large banks that received government help should be lent to small businesses, where he says most of America's job creation takes place.

"I am announcing a proposal to take $30 billion of the money that was repaid by Wall Street banks-now that they are back on their feet - take that $30 billion and use it to create a new small business lending fund that would provide capital for community banks on Main Street," said President Obama.

As Mr. Obama admitted in last week's State of the Union address, the federal bailout of big financial institutions has been unpopular.  But he says it was necessary to prevent the U.S. financial system from collapsing.

That program, plus stubborn unemployment, are among the factors in the president's sagging approval ratings and victories by the opposition Republican Party in several recent elections.

At a public forum in New Hampshire, Mr. Obama said he shares Americans' frustration with persistent joblessness.

"I have got to be honest with you-there is no magic wand that makes the economic problems that were years in the making disappear overnight," said Mr. Obama. "And sometimes it is easy for politicians to exploit the anger and the pain that people are feeling right now."

The president addressed Republican opposition to his policies.  He appealed for lawmakers from both parties to work together for the good of the country, while also blasting some Republicans as being willing to take positions simply for political gain.

"It is one thing to have an honest difference of opinion on something," said President Obama. "There is nothing wrong with that.  But you cannot walk away from your responsibilities to confront the challenges facing the country because you do not think it is good short-term politics."

New Hampshire is the scene of the first primary election of each presidential campaign season, and one of its two Senate seats will be up for election this November.

Meanwhile, Mr. Obama's proposed government budget is being criticized by lawmakers from both parties.  Republicans say it does not address deficits soon enough and raises taxes too much.  Democrats are questioning some of the president's proposed spending cuts. 
 

You May Like

China Investigates Former Powerful Security Chief

Former security chief and member of Politburo Standing Committee, Zhou Yongkang, under investigation for suspected 'serious disciplinary violation' More

India, US Look to Reset Ties During Kerry Visit

This week's talks will be first high level interaction between two countries since Prime Minister Narendra Modi took charge More

Video Young African Leadership Program Renamed to Honor Mandela

YALI program, launched by President Obama in 2010, aims to build skills in business, entrepreneurship, public management and civic leadership More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid