Posted on 09/08/2011 8:14:59 AM PDT by Dubya-M-DeesWent2SyriaStupid!
President Obama will reveal his latest jobs plan Thursday night in a high-stakes speech to a joint session of Congress, facing Republicans opposed to more deficit spending and voters who increasingly don’t trust him to fix the economy.
After the president’s $825 billion plan in 2009 failed to lower the unemployment rate, and after a tax-cut compromise with the GOP last year had little impact on jobs, Mr. Obama is offering his third major plan in three years to put people back to work.
With little more than a year to go before the 2012 elections, the president has lost credibility on the economy, said Chris Edwards, an analyst on tax and budget policy at the conservative Cato Institute.
“They’ve tried all kinds of stuff,” Mr. Edwards said. “Cash for clunkers, housing subsidies - none of it has worked. The left is a one-trick pony on the economy - spend more money.”
Among the proposals the president is expected to outline are more federal spending on construction projects, an extension of unemployment benefits, another round of payroll tax cuts and more direct aid to states.
The package is expected to cost about $300 billion; the White House has said it will be funded but hasn’t said how.
Republican lawmakers say the president should focus on ideas such as cutting corporate tax rates, reducing regulations such as the Environmental Protection Agency’s smog rules that Mr. Obama killed last week, and expanding oil drilling. They are scoffing at the president’s argument that opponents of his plan are putting party ahead of the national interest.
“The president can attempt to blame our economic problems all he wants on his political adversaries, or his predecessors, or on natural disasters,” said Senate Minority Leader Mitch McConnell, Kentucky Republican.
(Excerpt) Read more at washingtontimes.com ...
LOL the GOP should release that to AP-MSM as they’re response.
Yes, and do it precisely and quickly in a RELEASE TO AP
TITLED GOP RESPONSE. To not get into kickoff time.
... How about "all kinds of dumb shhhtt"!!!
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