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

TEXT SIZE - +
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

Photogallery Pope's Easter Prayer: Peace in Ukraine, Syria

Pontiff also calls for end to terrorist acts in Nigeria, violence in Iraq, and success in peace talks between Israelis and Palestinians More

Abdullah Holds Lead in Afghan Presidential Election

Country's Election Commission says that with half of the ballots counted, former FM remains in the lead with 44 percent of the vote More

Russia-Ukraine Crisis Could Trigger Cyber War

As tensions between Kyiv and Moscow escalate, so too has frequency of online attacks targeting government, news and financial sites 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.
Ukraine, Russia, United in Faith, Divided in Politicsi
X
Michael Eckels
April 19, 2014
There is a strong historical religious connection between Russia and Ukraine. But what role is religion playing in the current conflict? In the run-up to Easter, Michael Eckels in Moscow reports for VOA.
Video

Video Ukraine, Russia, United in Faith, Divided in Politics

There is a strong historical religious connection between Russia and Ukraine. But what role is religion playing in the current conflict? In the run-up to Easter, Michael Eckels in Moscow reports for VOA.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid