Skip to comments.Obama to lay out economic growth plan in State of Union speech
Posted on 02/10/2013 1:15:09 PM PST by YankeeReb
WASHINGTON (Reuters) - President Barack Obama will describe his plan for spurring the economy in his State of the Union address on Tuesday, offering proposals for investments in infrastructure, manufacturing, clean energy and education, a senior administration official said on Saturday.
In the annual presidential address to Congress, Obama plans to show he has not lost sight of the economic woes of middle-class Americans - issues that dominated the 2012 election campaign but have been overshadowed recently by efforts to cut the deficit, overhaul immigration laws and curb gun violence.
"The potential success of his second term is hugely dependent on the rate at which the economy grows," said Ruy Teixeira, a political scientist with the liberal-leaning Center for American Progress.
"There's no problem the Democrats have that can't be solved with faster growth. Conversely, there's not much they'll be able to do if growth stays slow."
Obama previewed his economic growth plan in a speech to House of Representatives Democrats this week, telling them he would stress the importance of education, development of clean energy, and infrastructure.
There were no details on the new initiatives for infrastructure, manufacturing, clean energy and education, elements first reported by the New York Times.
But any new spending will face tough opposition from Republicans in Congress who are focused on cutting spending and reducing the deficit.
Obama has urged Congress to take steps to postpone harsh government spending cuts slated to take effect on March 1, and the White House took pains on Friday to describe how the cuts would affect ordinary Americans' lives.
(Excerpt) Read more at news.yahoo.com ...
Everyone gets a certificate of participation.
2) Invest in roads
Without gas to drive on them.
3) Invest in green technology
Launder greenbacks to the Bolshies.
4) Punish everyone who works hard and is successful.
Have no fear unions.
For every "fair share", "fair shot" and "play by the rules" a Republican should walk out. It will be a retread of tired cliches without meaning, signifying nothing.
Of course not, he will change the wording slightly and add a lot more I's and me's this time.
It’ll be a growth all right, but death by cancer isn’t high on my list.
IOW, the same old sh*t that has failed consistently every single time.
I’ll be watcing the dogs of Westminster rather than The Mutt.....
GDP contracted .1% in the 4th quarter last year. That is just the start.
Government spending does not raise the GDP one bit. nobama can continue spending money he doesn’t have but it’s a dead end street.
What was that Margaret Thatcher said? “Socialism works great until you run out of other people’s money.” IMHO, that day is fast approaching.
Borrow, tax and spend... no surprise there.
YESSSSS!!!!!!!!!!!!!!! This year will really enjoy it!!!
Chairman Zero has never HAD sight of the economic woes of middle-class Americans. More propaganda from al-Reuters.
Even though I’ve been extremely busy, the only thing that could possibly prevent me from watching this year’s SOTU speech is if I don’t get to rearrange my sock drawer. I’ve been putting it off for long enough... I sorely need to do it, and, it’s been over a year since the last time I rearranged it, on 1/24/12.
“There’s no problem the Democrats have that can’t be solved with faster growth.”
Their (our) problems have been created by their policies, which foster no or slow growth. Unless they change policies, nothing will be solved, things will only get worse.
In a paper entitled: The Macrcoeconomic Effects of Tax Changes published by the prestigious American Economic Review in June 2010 (during her tenure at the White House), she stated: In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.
...The Romers baseline estimate suggests that a tax increase of 1% of GDP (about $160 billion in todays economy) reduces real GDP by 3% over the next 10 quarters.
(me again) Just the payroll tax increase alone is about $100 billion, so for the next 10 quarters, look out below.....
Wow that’s AWESOME!!
LameTrack running @ 220 mph.
The “kinetic events” will be epic.
Ok, so starve the beast.
Everyone will be doing it eventually anyway, because there won't be anything left for the politicians to steal. They'll have bled the world dry for the sake of their own power and their own privilege.
Their tower of Babel will fall, and the people of the world will finally live in peace. There will be no one left in power to steal from the people or pit the people against each other.
The world can survive without the politicians money, but the politicians can't survive without ours.
It would never happen. The funds will be eaten up in salaries, kickbacks and “studies”. The usual......
I have more important things to do, like rearrange my sock drawer.
He's an economic genious! Wow!