Source: AP / CBS News
WASHINGTON – Seeking a jolt for the economy, President Barack Obama will lay out new ideas for speeding up job growth and helping the struggling poor and middle class in a major speech in early September, the White House confirmed Wednesday.
The president’s plan is likely to contain tax cuts, jobs-boosting infrastructure ideas and steps that would specifically help the long-term unemployed, a senior administration official told the Associated Press. The official emphasized that all of Mr. Obama’s proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, including his “infrastructure bank” idea to finance construction jobs.
White House communications director Dan Pfeiffer confirmed the planned speech on Twitter, saying it would take place after Labor Day and include “meaningful, new initiatives to grow the economy and create jobs.”
On a related front, Mr. Obama will also present a specific plan to cut the suffocating long-term national debt and to pay for the cost of his new short-term economic ideas.
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