September 2nd, 2010
08:14 PM ET
8 years ago

President mulls new measures to spark economy

 President Obama will shift his focus back to the economy on Friday.

President Obama will shift his focus back to the economy on Friday.

Washington (CNN) - After a week mostly focused on Iraq and Mideast diplomacy, it's back to the economy for President Barack Obama, who will deliver remarks Friday on the August unemployment numbers.

Then, Obama is scheduled to give two big speeches next week to try and frame his administration's response to the recession, less than two months ahead of a midterm election where Democratic majorities in the House and Senate are on the ropes.

Senior aides confirm the president recently asked his economic team to come up with various proposals he could roll out to show that amid high anxiety across the nation, he's still working hard to jump-start the economy, including more federal spending on infrastructure projects and tax cuts popular with the business community such as a permanent extension of the research and development tax credit.

Obama himself hinted at the options on the table on Monday in the Rose Garden, when he accused Republicans of blocking a separate $55 billion legislation package that would cut small business taxes. Senate Democrats hope to pass the package later this month and get it to the president's desk before the election.

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Filed under: Economy • issues • President Obama
soundoff (46 Responses)
  1. Limbaugh is a liberal

    Republicans will oppose anything, even legislation they themselves wrote just to oppose Obama. This isn't the first time republicans have opposed tax cuts, which they dare continue to campaign on, just so they can claim that it is Obama who failed to pass tax cuts.

    September 2, 2010 08:18 pm at 8:18 pm |
  2. dominickspez

    so when he comes out reccomending all the things repubs proposed 2 years ago–that he rejected as voodoo economics- it will be fun to see how he takes credit for his quick lean to the right.
    A new day is upon us -Obamanomics –whatever works was my idea!
    if it doesn't work–the other guys!

    September 2, 2010 08:21 pm at 8:21 pm |
  3. Cindy

    I am not hopeful. Republicans are hell bent on keeping the economy broken til November. It's politics over country for them.

    September 2, 2010 08:22 pm at 8:22 pm |
  4. Seriously?

    The best way to spark the economy is for you to resign as President and for all the rest of the Dems to resign as well. The republicans don't have the answer either but you guys truly are the dumb kids in class.

    September 2, 2010 08:23 pm at 8:23 pm |
  5. Peter E

    To all those republican critics: where, oh, where were all of you 'fiscally responsible' people for the past four decades? Especially where were you during the Reagan and Bush Jr. administrations, each which doubled the national debt in their time? Oh right, when it's a republican administration squandering money it is forgivable, but if a democrat continues the exact same policies it is a waste? Face it, much of our deficit comes from the very tax cuts you yourself claim to champion! About half of the very same stimulus package you criticize are tax cuts! The great republican 'alternative' package would have been exactly the same size, creating just as much deficit, but would have had a larger portion of it as tax cuts. If you don't like deficits then put your money where your mouth is and pay your taxes!

    September 2, 2010 08:24 pm at 8:24 pm |
  6. jim

    We're still waiting Mr. President.19 months and unemployment at close to 9.5%.Exactly what have you done besides spend a lot of borrowed money to get the economy out of the toilet?

    September 2, 2010 08:27 pm at 8:27 pm |
  7. southern cousin

    Maybe some of his largess can be targeted at real people this time rather than the corrupt union bosses and drug using far left wing revolutionary groups that got the first $1 trillion for their theft of the election for this corrupt, inept, incompetent, union toady.

    September 2, 2010 08:36 pm at 8:36 pm |
  8. Four and The Door

    Further tax cuts to encourage businesses to put their capital to work creating jobs here in the United States."...
    This is it. Stop trying to buy votes by 'investing' in businesses that make liberals all giddy. We need jobs. Dirty jobs. Or messy jobs. Or stinky jobs. We need friggin jobs! All of these jobs lower the unemployment numbers and help our economy. It's not the Federal government's job to pick winners.They suck at that. Let businesses create jobs by creating a friendly environment for that activity. Like tax cuts mentioned here. This will do the trick.

    September 2, 2010 08:45 pm at 8:45 pm |
  9. Jon

    This is an anti-job-creator prez and democRAT congress. Given the fact that democRATs hold the three branches of government for last few years, they are chiefly responsible for the deepening recession and increasing jobless rate. There is a good reason why people not spend to creat jobs.

    September 2, 2010 08:46 pm at 8:46 pm |
  10. Four and The Door

    Middle class tax cuts? Because they invest the money to hire workers and create more jobs? Or because you are buying as many votes as you can?
    I'm just saying...are your political advisors going to guarantee you that Americans for the most part are completely stupid? Make them give you a guarantee before you sign a middle class tax cut.

    September 2, 2010 08:52 pm at 8:52 pm |
  11. u2canfail

    Please tell why tax help for small business is a problem. Do we give huge tax breaks to large corporations? Absolutely. Sometimes we even furnish a place to work, ///stadium///. So please tell me exactly why the GOP hates this? Could it be bias, only for huge companies?

    September 2, 2010 08:55 pm at 8:55 pm |
  12. dani

    Doesn't that bill that the Republicans are refusing to endorse have a lot of pork in it and is the reason they are saying "no" the legislation? Why can't the news media really find out the truth instead of sound bites? Doesn't the Democrats have a majority in Congress so why do they need the Republicans? Sloppy reporting.

    September 2, 2010 08:55 pm at 8:55 pm |
  13. jay

    He can start by taxing companies that send jobs overseas, and then send their trash back over here to sell.

    September 2, 2010 09:00 pm at 9:00 pm |
  14. George of the jungle

    the president is doing the best he can inspite of the repos. Good he has the middle east talks going. I see we had a blow up in the gulf. Gee maybe a moritorium is not a bad idea. Hope he can work on the economy but I'm sure repos will block most legislaton. Vote the repos out so this country can move forward.

    September 2, 2010 09:14 pm at 9:14 pm |
  15. Reality Check

    Mail all TAXPAYERS a check! Stop giving money to Unions and banks!

    September 2, 2010 09:19 pm at 9:19 pm |
  16. terry,va

    Just hide under your desk or go on vacation until after the repubs take over Obummie. We don't need any more of your ignorant polices. We will show you the way along with possible impeachment.

    September 2, 2010 09:23 pm at 9:23 pm |
  17. Bill from GA

    As long as the repugs can block his measures, they will. And they will continue to lie that the stimulus did no good. in spite of facts such as the increase in Gross Domestic Product , and positive job growth instead of LOOSING 750,000 jobs per month before the stimulus started.

    September 2, 2010 09:30 pm at 9:30 pm |
  18. Charlie in Maine

    Send every person in the country $500 in food stamps. They can use them if they want, donate them to a church or local family. However they are passed along they will eventually be used to buy food. This will help farmers, grocers, distributers truckers fishermen. Unlike the bail out bonuses they will be used . Folks gotta eat.

    September 2, 2010 09:32 pm at 9:32 pm |
  19. Debi

    uh oh, means the Democrats are gonna spend more money hoping they will get re-elected. Should have been concentrating on the economy a long time ago, now it is just political.
    What a hope and change we didn't get!

    September 2, 2010 09:35 pm at 9:35 pm |
  20. floridian

    Wonder how specific his comments will be. Hopefully more than his Iraq monologue. Wonder if he will establish some milestones (measures of merit) to let us see how well his policies/plans are doing. Probably not - wouldn't be able to blame someone else.

    September 2, 2010 09:54 pm at 9:54 pm |
  21. all of America

    "President mulls new measures to spark economy", Does this mean that he is going to resign? That's one way to get the economy going again .Or is he going to fire, pelosi, reid, holder,and all of the other corrupt democrat socialists in this administration, then resign himself?

    September 2, 2010 09:57 pm at 9:57 pm |
  22. La Piovra

    Poor Barack, it doesn't matter what he mulls over. If he redecorates the Oval Office in mid-Twentieth Century mid – America hotel beige, it's proof of his dullness AND a dastardly plot to soothe and deceive scared old white folks. If he doesn't succeed totally at everything, he's a complete failure, BUT if he does, that's proof he's in league with Osama Bin Ladin, Red China, the International League of Baby- Eating French Chefs, and the Devil. Too bad he can't redecorate himself boring beige, change his name to John Smith, and erase memories that it was ever different. Without that, I fear he is going to have to put up with nose-thumbing military, nose-picking sheriffs, and universal mucus from press and punditry.

    September 2, 2010 09:59 pm at 9:59 pm |
  23. paulernestshow

    While I have never been a fan of Glen Beck, I am beginning to believe, as Glen claimed, that some groups are currently sabotaging the recovery and growth of the economy, in his yesterday broadcast. These are the real enemies of America. The new evil of our time. To allow or "screw up" the economy, out of hate for a new president or for political gain, knowing that millions are suffering,is crime against humanity and sin unforgiving, by biblical standards. Americans should dig deeper and expose these enemies among us. Meanwhile, the president should do whatever must be done, to recover our global economic strength, before we loose it forever.

    September 2, 2010 10:01 pm at 10:01 pm |
  24. Tom-Vermillion Ohio

    Watch, the GOP-Tea Party will do everything possible to block this legislation, like they blocked the $55 Billion legislation to cut small business taxes. Then they will blame the President for not doing anything about the economy. These legislation packages must somehow cut into the profit margins of the billionaire Koch Brothers. Personally, I believe the Koch Brothers, are a far larger threat to the United States than Saddam Hussein and Osama bin Ladin put together. Much of our economic misery can be directly linked to their THREE DECADE shadowy medling in our politics. Countless millions of American Citizens are suffering as a result of their ideologies and revolving door influence in both Congress and the Executive Branch.

    September 2, 2010 10:09 pm at 10:09 pm |
  25. George of the jungle

    Repos not happy with the redecoration of the oval office. Give me a break. It finally looks like a masculine room instead of all the frilly blue stuff. Judge ruled against the solider birther guy.Good Middle east talks are important but you don't hear the repos talking about that.Just all this other stuff that makes no difference to anyone.Don't be distracted by these wingers. Look at the issues and vote the repos out.

    September 2, 2010 10:13 pm at 10:13 pm |
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