September 8th, 2010
06:10 AM ET
8 years ago

Obama's Ohio push aims to jumpstart the ailing U.S. economy

President Obama will unveil new economic proposals on Wednesday in Ohio.

President Obama will unveil new economic proposals on Wednesday in Ohio.

Washington (CNN) –As President Obama heads to Cleveland, Ohio on Wednesday to roll out a set of comprehensive proposals aimed at fixing the ailing U.S. economy, top aides are knocking down suggestions that politics and the midterms are driving this effort.

"We are not calibrating these decisions based on a political calendar," said a senior administration who briefed reporters ahead of the president's speech. "We are trying to make decisions that are going to build a stronger economy for this country over the long run."

In Ohio - a state especially hard hit by a slumping economy - Obama will propose $200 billion in tax cuts for businesses to purchase new equipment, and write off 100 percent of their new investments through the end of 2011, according to another senior administration official. The White House said 1.5 million companies stand to take advantage of the incentives.

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Filed under: Economy • issues • Ohio • President Obama
soundoff (9 Responses)
  1. jules sand-perkins

    Please, please, President Obama–do not do anything else about the economy!
    We can't afford it, Sir.
    Please stop.

    September 8, 2010 07:01 am at 7:01 am |
  2. Pragmatic

    Here’s Ronald Reagan, in June of 1982: “Some diehards are now declaring the present recession was caused by our program. May I just point out — we had the recession before we got the program.’

    September 8, 2010 07:25 am at 7:25 am |
  3. Steve in North Carolina

    Not calibrating these decisions based on a political calander? Give me a break! Everybody can see through that.

    Want to help the economy? Stop spending money, keep the Bush tax cuts, repeal the Health Care bill and get government out of the way!

    September 8, 2010 07:42 am at 7:42 am |
  4. Clwyd

    If the Party of No would get off the behinds and vote "Yes" to helping the workers of America we might get out of the mess they created over 8 years? They don't want anything of Obama's to succeed so they vote "NO", threaten a filibuster, or do nothing! If you have any brains and can think independently then how on earth could you defend the past 8-9 years of their behavior?

    September 8, 2010 07:52 am at 7:52 am |
  5. William1444

    Bush's and republicans tax cuts for the rich have failed to produce any jobs in the last 10 years. In fact, because of republicans' fraudulent and unconstitutional wars, and republicans shipping jobs and factories to the communists in bush's new world order and global economy, republicans have wrecked our country. The month bush was leaving office, the USA lost 750,000 jobs in ONE MONTH!!

    So, tax cuts for the rich who will create jobs is a joke at best and a LIE at worst.

    September 8, 2010 07:55 am at 7:55 am |
  6. Frank

    stop outsourcing jobs, increase import duties, and scale down the government. President Obama should understand that, if not then he needs to give up his job.

    September 8, 2010 07:59 am at 7:59 am |
  7. Uncle Sam

    Its designed to jump start the liberals campaigns in Ohio - the battleground state. Ohio O10 is like Custer's last stand.

    September 8, 2010 08:19 am at 8:19 am |
  8. awaitingliberalizationbyCNN

    And he will go to Cleveland and the great uniter, the different politician will "slam" and "blast" anyone who disagrees with him. We don't treat him like a dog, more like the slimy snake, that sneaks around, or the fire ant that invades our yards and renders them unusable. This slimy, corrupt, inept, union toady has go to go.

    September 8, 2010 08:35 am at 8:35 am |
  9. bbq

    Sorry man, Obama should have addressed the ecomony and deficit back when he was cramming the Health care Bill down our throats. Do you remember how long ago that was? Now, he's gonna do it. Wow, for's a little too late. This administration and Washington is so crooked, We've never seen anything so screwwed up.

    September 8, 2010 08:46 am at 8:46 am |