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Obama to lay out new jobs plan in Sept. speech


WASHINGTON (AP) -- Seeking to jolt the economy, President Barack Obama will propose new ideas to create jobs and help the struggling poor and middle class in a major speech after Labor Day. And then he will try to seize political advantage by spending the fall pressuring Congress to act on his plan.

Obama's plan is likely to contain a mix of tax cuts, jobs-boosting construction projects and steps to help the long-term unemployed, a senior administration official told The Associated Press. The official emphasized that Obama's proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, like his idea of an "infrastructure bank" to finance construction jobs.

On a related front, Obama will also present a specific plan to cut the staggering national debt and to pay for the cost of his new short-term economic ideas. It will challenge the new "supercommittee" of Congress to go beyond its goal of finding $1.5 trillion in deficit reduction.

Obama's major economic speech will come right after the Sept. 5 Labor Day holiday. Republicans were underwhelmed.

3 Comments in Response to

Comment by David Jackson
Entered on:

   When nothing is being done, someone will always "talk" about doing something.

    Since nothing worthwhile is really done, "talking" is what the parasites and second-rate socially- and intellectually-challanged politicos do. They aren't capable of much else.

     Obama's cabal showed the world exactly what it thought of the struggling poor and middle class, when he used what little was left of their hard-earned revenue to bail out the robber barons who robbed and raped them in the first place.

      It take a very special kind of sociopath to do this s--- with a straight face!

Comment by Paul Donovan
Entered on:

OK Obama has a new plan again? This guy has to go. Come on 2012 :)

Comment by Powell Gammill
Entered on:

After he gets back from yet another vacation he needs after this week's campaigning.

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