Posts tagged: jobs package
President Barack Obama speaks during a town hall meeting Wednesday in Alpha, Ill., during his three-day economic bus tour.
WASHINGTON – The jobs package that President Barack Obama plans to unveil shortly after Labor Day could include tens of billions of dollars to renovate thousands of dilapidated public schools and a tax break to encourage businesses to hire new workers, according to people familiar with White House deliberations.
As aides work to put together the proposal, they are also hammering out a companion plan to reduce federal budget deficits over the next decade, which Obama would share with the 12-member congressional super committee charged with finding long-term fixes for the growing national debt. Full story.
What's of greater concern to you, the jobs package or the federal budget deficit plan?
After posing for a photo, summer school kids help President Barack Obama to his feet, Monday in Chatfield, Minn.
DECORAH, Iowa – In the clearest expression yet of his 2012 re-election strategy, President Barack Obama said he will send a jobs package to Congress next month, ask lawmakers to pass it, and campaign against them if they refuse.
Obama made the declaration in a town hall-style meeting in Iowa on Monday night as he is facing criticism for not advancing a strategy bold enough to bolster job growth and his re-election prospects.
“I’ll be putting forward a very specific plan to boost the economy, to create jobs and to control the deficit,” Obama said on the first day of his three-day Midwest bus tour. “And my attitude will be, ‘Get it done.’ ”
If Congress fails to pass the legislation, Obama said, “The choice (in 2012) will be very stark and the choice will be very clear.”
During stops in rural hamlets in Minnesota and Iowa, the president blasted a Republican-led House “that doesn’t seem willing to make the tough choices to move America forward.”
Do you think the president's midwest tour will help or hurt his approval rating?
WASHINGTON – Troubled by the rising jobless rate, President Barack Obama and the Democratic majority in Congress are assembling a new jobs package that would devote billions of dollars to projects meant to put people back on payrolls in 2010 and keep them working.
Discussions over the scale of the bill are fluid, but lawmakers said the intent was to move swiftly and get a jobs bill to Obama’s desk as early as January.
The renewed push to create jobs is driven by a recognition that the $787 billion stimulus program enacted in February is not a sufficient remedy for an unemployment rate that stands at 10.2 percent. Nearly 16 million people were unemployed as of October, and 3.49 million jobs have been lost since January – the first month of Obama’s presidency, according to the Bureau of Labor Statistics. More here.
Now. How do you suppose lawmakers will suggest paying for this package?