Obama to Focus on Economy Next Week

By: Robert Hendin
Topics: Democrats ,; Economy ,; White House ,; Obama Administration

(Credit: JEWEL SAMAD)

President Obama returns his focus to the economy next week - the number one issue in the fall mid-term elections and where his ability to change public perception of his economic policies could be the difference between keeping or losing control of the House of Representatives.

He starts off with a labor day event in Milwaukee but the big event is Wednesday. The White House is billing his speech in Cleveland as a chance to "update the American people on the state of the economy, talk about the progress we have made, and discuss some targeted proposals to keep the economy growing."

Further, the White House says the President will use the speech to rebut House Speaker John Boehner's remarks last week in Cleveland where he called on the President to fire his economic team. "Speaking in the city where Minority Leader Boehner recently detailed the Republican economic agenda, the President will lay out the choice between his ideas and the failed policies and failed philosophy that led us into this mess," according to White House Communications Director, Dan Pfeiffer.

"There are no silver bullets and anyone who is promising them is not being straight with the American people. But there are some ideas that will help the economy and help American families that are hurting and those proposals will be a part of the President's remarks," wrote Pfeiffer on the White House website.

The President will discuss his economic proposals more in depth at a news conference Friday at the White House.

Robert Hendin
Robert Hendin is senior producer for "Face the Nation" and a CBS News senior political producer.
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by gunnyh1 September 6, 2010 11:26 PM EDT: We have some of the biggest morons running this country....from both parties. I hear economy this ..he did this...they did that...they sound just like a bunch of snot nosed kids. Hey idiots...if you want the economy starting back up again then why have you allowed the big banks to gang rape the public with OIL SPECULATION..the prices are still up there..WAKE UP!!! Look at the cost of diesel fuel and you want the same companies to hire more people? I really believe the politicians are scared to death of the the big bankers and the old money behind them...so the new name for them...LYING COWARDS!; Reply to this comment


by RobAla September 6, 2010 9:02 AM EDT: We have a record breaking $1.47 trillion deficit for the year already, because of the bogus stimulus packages, bailouts, and the expansion of the federal government. This guy has to stop. He has to do things that will unleash the creation of jobs in the private sector. Congress has to stop him from adding more to the deficit with another stimulus package.

The main thing that is killing the jobs market right now is the stupid health care bill. Several companies are sitting on cash, instead of hiring people, because of the additional cost to their businesses they see coming from the health care bill. This stupid bill has to be repealed. The entire bill has to repealed, not just tweaked. The federal government should be reducing the burden on business if jobs are to be created. A stimulus is only a short term band aid approach that will leave the nation in more debt. Call on Congress to say "no" to this politically based gimmick by the President. Democrats are in trouble politically, due to more than a year and a half of bungling. This stimulus is a political gimmick to try to make the nation think Democrats are creating jobs. We have to change course, with a federal government which is reduced to a manageable size. This has to stop.; Reply to this comment


by slatep September 5, 2010 2:13 PM EDT: GOD HELP US!!!!!!!!!!!!!!!!; Reply to this comment


by thy-one-king September 4, 2010 7:20 PM EDT: Obama to Focus on Economy Next Week

That means more tax and spend.

Below is Obama's Master Plan . Believe Me , I Know ..........

Overwhelm the system
Barach Obama is no fool. He is not incompetent. To the contrary. He knows exactly what he's doing. He is purposely overwhelming the U.S. economy to create systemic failure, economic crisis and social chaos -- thereby destroying capitalism and our country from within.

Barack Obama (Columbia University, class of '83). Obama is following the plan of Cloward & Piven, two professors at Columbia University. They outlined a plan to socialize America by overwhelming the system with government spending and entitlement demands. Add up the clues below. Taken individually they're alarming. Taken as a whole, it is a brilliant, Machiavellian game plan to turn the United States into a socialist/Marxist state with a permanent majority that desperately needs government for survival ... and can be counted on to always vote for bigger government. Why not? They have no responsibility to pay for it.

-- Universal health care. The health care bill had very little to do with health care.? It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama doesn't care that giving free health care to 30 million Americans will add trillions to the national debt. What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government. Who but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?

-- Cap and trade. Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming. It has everything to do with redistribution of income, government control of the economy and a criminal payoff to Obama's biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants. They will kick-back hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power. The bonus is that all the new taxes on Americans with bigger cars, bigger homes and businesses helps Obama "spread the wealth around."; Reply to this comment


by slatep September 4, 2010 2:27 PM EDT: red roses:

How dare you write Merry Christmas on this site in these days of sensitivity and tolerance. LOL LOL LOL; Reply to this comment


by ronozz September 4, 2010 12:26 AM EDT: The Republicans and the extreme partiers are attempting rewrite history to suit their right wing knee jerk agenda.

Bush caused the great recession by ignoring regulation of the investment banks. Bush chose to start a war without paying for it. Bush was proud of being Bush the de-regulator. The republicans de-regulated every industry they could convinced that a totally unregulated free market would somehow protect us all. Greed is good.

Bush left us with $5 trillion more debt, more that any other president. Where were the tea partiers then?
Bush increased the US debt by $1.73 trillion in his first term when the Republicans controlled congress.
Bush increased the US debt by $2.63 trillion in his second term. Most for the Iraq war and $700 billion bailout, yes this was done by Bush to prevent us from going into another Great Depression caused by de-regulating the bank industry. Now de-regulation of the oil industry is coming back to
bite us.
Beyond belief!

Some people have what called the Anosognosic's Dilemma.; Reply to this comment

by ronozz September 4, 2010 12:20 AM EDT

The right wingers want to blame all of this on Obama, who inherited this mess.
Obama has been in office for 1 ? years. He has to finish two wars and fix an economy in collapse. He is trying to fix one of our most pressing problems; the double digit growth in health care expenses which if it continues will not only bankrupt the country but will force many companies to either drop health coverage for their employees or push most the cost to them. He also inherited a budget out of control and falling tax revenue due to the great recession. Guess who has contributed most to the US deficit?
Where were the tea partiers then?

Johnson $0.05T -8.3%
Richard Nixon $0.0T -0.3%
Nixon/Ford $ 0.19T +0.2%
Jimmy Carter $ 0.28T -3.3%
Ronald Reagan $ 0.66T +10.8%
Ronald Reagan $1.04T +9.3%
George H. W. Bush $1.4T +13.0%
Bill Clinton $1.18T -0.7%
Bill Clinton $0.45T -9.0%
George W. Bush $1.73T +7.1%
George W. Bush $2.63T +20.0%
Barack Obama ?

Reply to this comment


by RealWorldNow September 4, 2010 7:20 AM EDT: Barack Obama 10 trillion and counting!! He has already surpassed Bush's deficit in 18 months, what are you smoking?

Health bill is a disaster and part of the problem of no new hires, even with the new legislation rates will rise, people are losing the choice of plans already, everything they said it would fix is already moving backwards, they had no clue what was in the bill when they signed it and Max Baucus admitted it on an interviews.

The tea partiers don't write law, congress does and with a 11% approval rating it doesn't look like they are doing a very good job. So what's wrong with being fiscally responsible?

If you think the republicans created this mess you have your horse blinders on, both parties are at fault. Look at Fannie and Freddie, the republicans tried to fix it and it was blocked by the dems. That's where the housing market got screwed, No income verification, no money down, come on, does that sound real to you!


by Leaderless September 3, 2010 9:39 PM EDT: Obama to Focus on Economy Next Week.
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After almost two years, what's another week....or two....maybe...; Reply to this comment

by RobAla September 3, 2010 9:26 PM EDT

The worst failed policies I have seen ever, are those coming out of President Obama's administration. He has drug this recession out with his big government extremist agenda. For more than a year and a half he has failed miserably in restoring the economy and private sector job creation, while he has focused on an agenda of growing the federal government on the backs of business and taxpayers.

Why in the world should I believe that he is going to do something about it now? He knows nothing about job creation, because he has never been associated with creating any. All I can hope for is a new Congress and Senate, made up of new people who understand business.

Reply to this comment


by RealWorldNow September 4, 2010 7:22 AM EDT: Try telling that to ronozz!


by 1renegade September 3, 2010 8:33 PM EDT: Every idea this man has costs the taxpayers trillions. Hold on people here comes another expensive thought.; Reply to this comment