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

Ukraine President Appeals for More US Support

Speaking before Congress ahead of meeting with President Obama, Petro Poroshenko urges lawmakers to back Ukraine in its quest for freedom and democracy More

Photogallery Global Audience Watches as Scots Go to Polls

People were almost equally divided over a vote for independence, watched closely by Britain's allies, investors and restive regions at home and abroad More

China to Invest $20B in India Amid Border Dispute

Border spat between armies of two countries in Himalayas underlines mutual tensions despite growing commercial ties highlighted by Xi Jinping's high-profile visit 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.
Russian Economy Reeling After New Western Sanctionsi
X
September 18, 2014 2:28 AM
A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Russian Economy Reeling After New Western Sanctions

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Belgian Researchers Discover Way to Block Cancer Metastasis

Cancer remains one of the deadliest diseases, despite many new methods to combat it. Modern medicine has treatments to prevent the growth of primary tumor cells. But most cancer deaths are caused by metastasis, the stage when primary tumor cells change and move to other parts of the body. A team of Belgian scientists says it has found a way to prevent that process. Zlatica Hoke has more.
Video

Video Mogadishu's Flood of Foreign Workers Leaves Somalis Out of Work

Unemployment and conflict has forced many young Somalians out of the country in search of a better life. But a newfound stability in the once-lawless nation has created hope — and jobs — which, some say, are too often being filled by foreigners. Abdulaziz Billow reports from Mogadishu.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.
Video

Video NASA Picks Boeing, SpaceX to Carry Astronauts Into Space

The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video Future of Ukrainian Former President's Estate Uncertain

More than six months after Ukraine's former President Viktor Yanukovych fled revolution to Russia, authorities have yet to gain control of his palatial estate. Protesters occupy the grounds and opened it to tourists but they are also refusing to turn it over to the state. VOA's Daniel Schearf reports from Mezhigirya, just north of Kyiv.
Video

Video China Muslims Work to Change Perceptions After Knife Attacks

China says its has sentenced three men to death and one woman to life in prison for a deadly knife attack in March that left more than 30 dead and 140 injured. Beijing says Muslim militants from China's restive western region of Xinjiang carried out the attacks. Now, more than six months after the incident, residents in the city are still coping with the aftermath. VOA's Bill Ide has more from Kunming.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid