Friday 9 September 2011

Obama's $450bn employment package to save ONE job: his! Struggling President unveils plan to cut tax for middle class but who pays?

Daily Mail
"Facing a barrage of criticism over his handling of the economy, President Obama unveiled a massive $450bn plan to combat the country's unemployment crisis - and try and save his own job. In a rare address to a joint session of US Congress at what is being seen as the lowest point in his presidency, Mr Obama tried to inject fresh confidence that he can still turn the dire jobs outlook around. Unusually impassioned, the president demanded a truce in the political bickering that could still sabotage his much-vaunted American Jobs Act. ......In one striking sign of discontent, nearly 80 percent of people think the country is headed in the wrong direction. That's about the same level of pessimism as when Mr Obama took office. It reflects both persistently high unemployment and disgust with Washington infighting. No incumbent president in recent history has won re-election with the unemployment rate anywhere near the current 9.1 percent."

No comments: