President Obama will roll out a plan with “fresh ideas” to accelerate job growth during a major address in September, a senior administration official told the Associated Press. The plan, likely to contain tax cuts and new infrastructure ideas, aims at creating jobs and comes after the president’s political rivals, especially in Congress, have called for specific policies from the White House.
The proposals will come in addition to a “specific plan” to cut the debt that will be bigger than the $1.5 trillion package that the joint congressional super committee must find by Thanksgiving, the AP reported.
With the nation still jittery after the first credit-ratings slide in U.S. history and a fierce partisan standoff during debt negotiations, the address, expected shortly after the September 5 Labor Day holiday, appears intended to assuage Americans’ concerns about Obama’s economic policy and leadership as he revs up his reelection campaign.
With the unemployment rate at 9.1 percent, the speech will focus primarily on job creation proposals. Obama will also address ways to pay for his short-term economic ideas. While no final decisions on the economic package have been made, the official said the proposals would be new and not simply a “rehash of plans he has pitched for many weeks and still supports,” the AP reported.
With his approval rating sinking, Obama has been promising to fight for his economic policies as he continues his three-day Midwestern bus tour, even as he has stayed mum on the details. "I'll be putting forward when they [Congress] come back in September a very specific plan to boost the economy, to create jobs, and control our deficit," Obama said in Iowa on Monday.
"My attitude is, get it done," he continued. "If they don't get it done, we'll be running against a Congress that isn't doing anything for the American people. The choice will be very stark and it will be very clear."