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

Ukraine Purges Interior Ministry Leadership With Pro-Russian Ties

Interior Minister Avakov says 91 people 'in positions of leadership' have been fired, including 8 generals found to have links to past pro-Moscow governments More

US Airlines Point to Additional Problems of any Ebola Travel Ban

Airline officials note that even under travel ban, they may not be able to determine where passenger set out from, as there are no direct flights from Liberia, Guinea or Sierra Leone More

Nigerian President to Seek Another Term

Goodluck Jonathan has faced intense criticism for failing to stop Boko Haram militants 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.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.

All About America

AppleAndroid