President Barack Obama says he will propose a plan in September to jump-start the US economy as he struggles to convince skeptical voters that he has something new to offer.
Obama, with his approval ratings falling, is set to propose short-term measures to boost hiring and call on a congressional
panel to deliver more than the $1.5 trillion in savings by November 23, partly through increased tax revenue.
“When Congress gets back in September, my basic argument to them is this: we should not have to choose between getting our fiscal house in order and jobs and growth. We can’t afford to do just one or the other, we’ve got to do both,” Obama said at a town-hall style meeting in Illinois.
The White House offered scant details on what new initiatives Obama would offer to keep the economy from diving back into recession.
The promises came during a three-day bus tour of the US Midwest to focus on his plans for job growth. With US unemployment at above nine per cent, jobs are expected to be the central issue for voters in next year’s election for the White House.
The president seems to be in an uphill battle though as approval of his handling of the US economy has fallen to a new low of 26 percent, according to a Gallup poll in the aftermath of a bruising fight with Congress over federal spending.
Seventy-one percent of Americans said they disapproved of Obama’s handling of the economy, up 11 percentage points from mid-May, when Gallup last questioned people about the issue.
Approval of his handling of the economy fell by 11 percentage points from 37 percent in mid-May. The president had similarly low approval ratings on other economic issues. Only 24 percent of Americans approved of Obama’s handling of the federal budget deficit, while 29 percent approved of his efforts to create jobs.