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More at the source.WASHINGTON (Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.
The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources.
Bloomberg News said the plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.
Obama would offset those short-term costs by calling on Congress to raise tax revenues in a deficit-cutting proposal he will lay out next week, the news agency reported, without citing sources.
The White House declined to comment on the reports.
Obama's aides have refused to go public with the estimated cost of Obama's package or provide many specifics in advance, except to say that the proposals will have a "quick and positive" impact on boosting jobs at a time of stubbornly high U.S. unemployment.
Obama's aides have refused to go public with the estimated cost of Obama's package or provide many specifics in advance, except to say that the proposals will have a "quick and positive" impact on boosting jobs at a time of stubbornly high U.S. unemployment.
Commenting on this plan, without knowing the details of it, is sort of difficult.
Quick and positive impact on jobs?Obama's aides have refused to go public with the estimated cost of Obama's package or provide many specifics in advance, except to say that the proposals will have a "quick and positive" impact on boosting jobs at a time of stubbornly high U.S. unemployment.
hes going public tomarrow in his speach.
Stimulus has historically proven to create jobs and ease an economic downturn.
The last one was too small ( gop insisted it be smaller) and was wieghted twith too many tax cuts instead of stimulus (gop insisted on a mountain of tax cuts).
You can pretend for your political hackmanship that stimulus doesnt work but that doesnt make it true.
BTW WHY do you think it gains your party to lie about stimulus and do you care that those lies HURT the American people?
Obama's vaunted "jobs" plan is revealed as a rehash of the Stimulus Bill that brought us 9% unemployment and no new jobs.
Obama to propose $300 billion jobs package: reports - Yahoo! News
More at the source.WASHINGTON (Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.
The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources.
Bloomberg News said the plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.
Obama would offset those short-term costs by calling on Congress to raise tax revenues in a deficit-cutting proposal he will lay out next week, the news agency reported, without citing sources.
The White House declined to comment on the reports.
He should have spent the last stimulus wisely. They fucked up and now they want to bail themselves out. This has nothing to do with jobs - except one job.... that of President of the United States. He wants to save his own fucking job.
Obama's vaunted "jobs" plan is revealed as a rehash of the Stimulus Bill that brought us 9% unemployment and no new jobs.
Obama to propose $300 billion jobs package: reports - Yahoo! News
More at the source.WASHINGTON (Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.
The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources.
Bloomberg News said the plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.
Obama would offset those short-term costs by calling on Congress to raise tax revenues in a deficit-cutting proposal he will lay out next week, the news agency reported, without citing sources.
The White House declined to comment on the reports.
When Obama says tax revenues, he means tax raises. It hasn't happened yet you think it will this time?
He should have spent the last stimulus wisely. They fucked up and now they want to bail themselves out. This has nothing to do with jobs - except one job.... that of President of the United States. He wants to save his own fucking job.
He should have spent the last stimulus wisely. They fucked up and now they want to bail themselves out. This has nothing to do with jobs - except one job.... that of President of the United States. He wants to save his own fucking job.
Too bad 40% of the stimulus was GOP imposed tax cut. Tax cuts have the worst multiplier (about .50) of any government policy.
If nearly a trillion didn't work, what makes anyone think that another 300 billion will?
