[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/09/08/art.obama.0903r.gi.jpg caption ="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.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/29/art.axelrod.file.gi.jpg caption ="David Axelrod says he and Rahm Emanuel were a little stunned this afternoon."]
Washington (CNN) –White House senior adviser David Axelrod reacted Tuesday to Mayor Richard Daley's announcement that he won't be running for Mayor of Chicago and whether White House Chief of Staff Rahm Emanuel will be throwing his hat into the ring.
"[Rahm Emanuel and I] were a little stunned this afternoon when we heard the news that he wasn't going to run. We both strongly assumed that he was. So we're just absorbing that news and the impact that it will have on Chicago, which will be large. He's an enormous presence there, city's really grown in wonderful ways under his leadership, and so that's what we're thinking about today and look, Rahm has, as you all probably know he's got a lot on his plate, he's got a pretty responsible job, and that's what he's focused on right now."
Axelrod made the comments during a briefing with reporters on White House economic proposals, including two tax cut plans President Obama will unveil in Cleveland Ohio on Wednesday.