News / USA

Stakes Are High as Obama Prepares Economic Plan

President Barack Obama walks to the Rose Garden of the White House in Washington, DC, August 31, 2011.
President Barack Obama walks to the Rose Garden of the White House in Washington, DC, August 31, 2011.
Kent Klein

President Barack Obama will go before a joint session of Congress and a nationwide television audience next Thursday, September 8 to announce his plan to boost the struggling U.S. economy. The president’s chances of being re-elected could depend on the outcome.

With the economy stagnating and unemployment hovering around nine percent, the president said recently said he will unveil a plan to put more Americans to work.

“I will be laying out a series of steps that Congress can take immediately to put more money in the pockets of working families and middle-class families, to make it easier for small businesses to hire people, to put construction crews to work rebuilding our nation’s roads and railways and airports, and all the other measures that can help to grow this economy,” said Obama.

Opinion polls

Recent public opinion polls show that Obama’s job approval rating has sunk to about 44 percent, one of the lowest rates of his presidency.  Almost two-thirds of those surveyed [65 percent] say they are not happy with the way he is handling the economy.

As a result, other polls indicate that the president could be vulnerable in the November, 2012 presidential election.

Partially because of political concerns, there has been disagreement within the West Wing and around Washington on how aggressive Obama’s job creation proposals should be.

White House officials are said to be considering including job training programs for long-term unemployed, tax cuts for middle-income Americans, and tax breaks for businesses that hire workers. The program also may contain new spending to rebuild schools, bridges, roads and other infrastructure.

Free-trade agreements

In addition, Obama is expected to continue to call on Congress to approve pending free-trade agreements with Panama, Colombia and South Korea.

The president and his aides describe their plan as a reasonable initiative that should be acceptable to opposition Republicans.

“These are bipartisan ideas that ought to be the kind of proposals that everybody can get behind, no matter what your political affiliation might be. So my hope and expectation is that we can put country before party and get something done for the American people,” he said.

But Representative Joe Walsh, from the central state of Illinois, said it is not likely that the president will propose anything that he and his fellow Republicans could endorse.

“In general, I think it is going to be more stimulus, more government expenditures, more government borrowing to try to stimulate the economy, and, look, it has failed for three years. We need the opposite of what the president has done, not more of the same.”

Republican critics

Republicans are expected to campaign instead for tax cuts and and a freeze on some government regulations on businesses.

Because Republicans are not expected to support the president’s plan, some political analysts say Obama should propose a sweeping package of legislation.

Larry Sabato, the director of the Center for Politics at the University of Virginia, said “The president should probably go big, because the truth is that he is not going to get anything passed whether it is big or small. So he might as well sound as though his plan is grand and that it would have a big impact if the Republicans passed it. But nothing is going to happen, and that is obvious to everybody.”

Roger Hickey, the co-director of a liberal advocacy group called the Campaign For America’s Future, also wants the president to put forth a bold plan.

“If he simply focuses on what will pass the Republican Congress, he will look to the American people like he does not think it is the crisis that they feel it is.”

Even the routine scheduling of the president’s address to Congress became mired in partisan disagreement. Obama asked House of Representatives Speaker John Boehner to allow him to speak in the House chamber next Wednesday night, at the same time as a televised debate among Republican presidential candidates, some of whom are members of Congress.

The speaker rejected the request, and offered to let the president speak the following night, when the National Football League season begins. The administration accepted the offer.

One lawmaker who will not be in the House chamber on Thursday night is Republican Representative Walsh, who said the speech will be nothing more than a political show.

“He is trying to create the impression that he is a leader, and I just will not be a prop in this play of his. I am not going to attend the joint session. I am going to fly home that night and hold a town hall with the real job creators in this country, small business men and women.”

State of the economy

Some people in Washington say this speech may be the most important of President Obama’s career. But Sabato said it’s the state of the economy that will determine whether Obama is re-elected in 2012.

“The only thing that will affect the president’s re-election is whether the economy actually gets better, not whether speeches are given about the economy getting better.”

The administration’s Office of Management and Budget is forecasting that the unemployment rate will linger around nine percent through next year. However, the president’s press secretary, Jay Carney, said passage of Obama’s jobs plan would help reduce that number.

You May Like

At International AIDS Conference One Goal, Many Paths

The 12,000 delegates attending 20th International AIDS Conference in Melbourne have vastly different visions about how to eradicate disease More

Disasters May Doom Malaysia’s Flag Carrier

Even before loss of two jets loaded with passengers on international flights, company had been operating in red for three years, accumulating deficit of $1.3 billion More

Afghan Presidential Vote Audit Continues Despite Glitches

Process has been marred by walkouts by representatives of two competing candidates, Abdullah Abdullah and Ashraf Ghani 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.
Nature of Space Exploration Enters New Agei
X
Elizabeth Lee
July 20, 2014 2:36 AM
Forty-five years ago this month, the first humans walked on the moon. It was during an era of the space race between the United States and the Soviet Union. World politics have changed since then and -- as Elizabeth Lee reports -- so has the nature of space exploration.
Video

Video Nature of Space Exploration Enters New Age

Forty-five years ago this month, the first humans walked on the moon. It was during an era of the space race between the United States and the Soviet Union. World politics have changed since then and -- as Elizabeth Lee reports -- so has the nature of space exploration.
Video

Video Chicago’s Argonne Lab Developing Battery of the Future

In 2012, the U.S. Department of Energy’s Office of Science awarded a $120 million grant to a new technology center focused on battery development - headquartered at Argonne National Laboratory in suburban Chicago, Illinois. As VOA’s Kane Farabaugh reports, there scientists are making the next technological breakthroughs in energy storage.
Video

Video In NW Pakistan, Army Offensive Causes Massive Number of Displaced

Pakistan’s army offensive in North Waziristan has resulted in the large-scale displacement of the local population. VOA's Ayaz Gul reports from northwest Pakistan where authorities say around 80 percent of the estimated 1 million internally displaced persons [IDPs] have settled in Bannu district, while much of the remaining 20 percent are scattered in nearby cities.
Video

Video Kurdish Peshmerga Force Secures Kirkuk, Its Oil

The Kurdistan regional government has sent its Peshmerga troops into the adjacent province of Kirkuk to drive out insurgents, and to secure the area's rich oil fields. By doing this, the regional government has added a fourth province to the three it officially controls. The oil also provides revenue that could make an independent Kurdistan economically strong. VOA’s Jeffrey Young went out with the Peshmerga and filed this report.
Video

Video Malaysia Reeling: Second Air Disaster in Four Months

Malaysia is reeling from the second air disaster in four months involving the country’s flag carrier. Flight 340 vanished in March and despite an extensive search, no debris has been found. And on Thursday, Flight 17, likely hit by a surface-to-air missile, came apart over eastern Ukraine. The two incidents together have left more than 500 people dead. VOA Correspondent Steve Herman reports from Kuala Lumpur.
Video

Video Diplomatic Crisis Grows Over MH17 Plane Crash

The Malaysia Airlines crash in eastern Ukraine is drawing reaction from leaders around the world. With suspicions growing that a surface-to-air missile shot down the aircraft, there are increasing tensions in the international community over who is to blame. Henry Ridgwell reports for VOA from London.
Video

Video Undocumented Immigrants Face Perilous Journey to US, No Guarantees

Every day, hundreds of undocumented immigrants from Central America attempt the arduous journey through Mexico and turn themselves over to U.S. border patrol -- with the hope that they will not be turned away. But the dangers they face along the way are many, and as Ramon Taylor reports from the Rio Grande Valley in Texas, their fate rests on more than just the reception they get at the US border.
Video

Video Scientists Create Blackest Material Ever

Of all the black things in the universe only the infamous "black holes" are so black that not even a tiny amount of light can bounce back. But scientists have managed to create material almost as black, and it has enormous potential use. VOA’s George Putic has more.
Video

Video Fog Collector Transforming Maasai Water Harvesting in Kenya

The Maasai people of Kenya are known for their cattle-herding, nomadic lifestyle. But it's an existence that depends on access to adequate water for their herds and flocks. Lenny Ruvaga reports for VOA, on a "fog collector."

AppleAndroid