Obama ‘Jobs Package’ Is $ 300Billion To Get America Working Again

Barack Obama, faced with declining confidence among Americans in its financial management has plans to build a set of tasks to create $ 300billion on Thursday, citing sources Democrats.

The proposed new spending, Obama has been published in a speech televised nationally in Congress, would be offset by budget cuts, the report said, signaling that the Democratic president is hoping to allay the concerns of Republican fiscal hawks in his latest work ideas.

There was no immediate comment from the White House.

Obama’s aides have refused to release the estimated cost of the package to Obama or to give many individuals in advance, except to say that the proposals will have a “quick and positive” effect on employment in a U.S. unemployment stubbornly high.

Obama’s confidence in the management of the economy suffered months of bad economic news and a series of surveys on Tuesday showed the new fall in the popularity of their work.

Obama hopes to begin to reverse this trend an address to a joint session of Congress on Thursday, where he tries to convince voters that has an economic stimulus plan better than his Republican opponent.

White House spokesman Jay Carney said: “We must do the things that have a direct impact in the short term, to grow the economy and create jobs, and the president makes proposals that will do just that.”

Obama has fought the Republicans all summer to raise the U.S. debt ceiling in a bitter debate, so the rating agency Standard & Poors cut the credit rating of AAA US, and must now get lawmakers to back additional costs that many cons.

However, the president is seeking congressional support at a time when his own reelection prospects have worsened.

A third survey, from politics and George Washington University found that 72 percent of voters believe the country can be strongly or somewhat going in the wrong direction, the jump of 12 percent since last May.

Obama needs the unemployment levels are more than nine percent to improve your chances of winning a second term in the White House in the November 2012 elections.

The President has already addressed the Congress could take steps to stimulate growth and employment, including spending on infrastructure, tax incentives for businesses, and extends a tax cut and help pay for long-term unemployed.

Carney refused to interpret all the details, but said the measures would recommend Obama to give “direct and rapid influence and positive” on the U.S. economy if adopted by Congress.

Republicans have criticized Obama for not including them in discussions on the package before his great speech and said some jobs, the bills could face the difficult passage through Congress, where they control the House of Representatives US.

Top Senate Republican Mitch McConnell, said: “I have no doubt that the President will propose Thursday that many things, when viewed separately, it is very good, or is called on all parties. I am also certain that in Together, they represent more of the same approach has failed. ”

House Republican leaders wrote to President Obama urged him to repeal the “excessive rules, destroy jobs,” and the description of potential areas of common ground, including reforms of the unemployment system and free trade agreements .

Meanwhile, jumping as CEO of America, Republican Mitt Romney, hoping Tuesday presented a comprehensive economic plan that would reduce regulations and taxes on businesses, punishing China over its currency practices and weaken the influence of unions.

He promised his first day at work to undo what he calls the failed economic policy under the presidential administration.

Romney said that Obama “is not a bad guy – he just has no idea what to do,” the economy,

In another dig at the president, he said: “Obama’s strategy is a strategy pay phone and we are in a world of smart-phone What it does is to take quarters, and buried in a phone booth and it can not. why it does not work. It is not connected well, Mr. President. ”

Trying to hold off rising rivals Rick Perry, Romney traveled to the economically suffering, Nevada, and stood inside the giant warehouse trucks for the supply of multi-point plan to invest in his GOP opponent with the most comprehensive approach to restore the ‘economy.

“It’s a business plan for America,” Romney told supporters as he promoted his plan as a modernization of the economy, said he still faces decades earlier – and rose to General Electric CEO Jack Welch, and Former Apple CEO Steve Jobs as “real business leaders” of the U.S. economy.

This is a version of the economic direction Romney has made all the campaign so far – but has now been enhanced to highlight how his record of the private sector, unlike Perry, Governor of Texas , who has held elected positions for more than two decades. In his speech Tuesday, Romney barely mentioned his four years as governor of Massachusetts.

Perry’s campaign immediately criticized the Romney address. “As governor of Massachusetts, Mitt Romney has managed to create a pro-jobs, the environment,” Perry spokesman Mark Miner said in a statement. When Romney was governor of Massachusetts was ranked forty-seventh out of 50 jobs.

Romney’s plan calls for the reduction or elimination of various taxes, extracting more oil than the United States, coal and natural gas, expanding trade agreements and reducing federal spending. The campaign has distributed 160-page booklet, and said Romney’s speech at times incoherent, without a teleprompter or a prepared text.

Democrats called the plan Romney absurd and doomed to failure. Taxes that are already close to historically low levels, they noted, and many employers said weak consumer demand is more worrying as taxes or regulation.

Romney has described his plan as a bold vision to reduce the unemployment rate, now 9.1 percent.

“America must be a working machine, the jobs created at any time, people are looking for employees to join their companies, he said.

Many of his proposals are not new, but they can cause huge debate in Congress, if it is continued. It would seek a constitutional amendment to balance the budget, cutting non-security discretionary spending by five percent, eliminate estate taxes and defeat health care reform of 2010 in defense of Barack Obama.

The work plan Romney is the first major policy statement since he announced his candidacy in June. It comes two days before the scheduled speech of Obama on the job before a joint session of Congress.

Romney’s campaign has predicted that his plan would lead to an increase of four percent per year the U.S. economy and create 11.5 million new jobs in four years. The campaign did not give details on how he reached those predictions that are sure to challenge the Democrats, independent groups and perhaps of his Republican rivals.

Tags: Barack Obama, Jay Carney, Joint session of the United States Congress, Mitch McConnell, Mitt Romney, Republican Party (United States), Steve Jobs, United States