With the nation’s economy in a particularly rough patch and his own re-election prospects in doubt, President Obama told Congress it’s time to “stop the political circus and actually do something to help the economy.”
“The people of this country work hard to meet their responsibilities,” Obama told a joint session of Congress. “The question tonight is whether we’ll meet ours.”
Specifically, the President offered a $447 billion “American Jobs Act” designed to help those 14 million Americans out of work. It includes extending the payroll tax cut, extending jobless benefits, a “returning heroes” hiring tax credit for unemployed veterans, a $4,000 tax credit for hiring long-term unemployed workers, $35 billion to keep laid-off teachers and first responders in their jobs, and some $100 billion to be spent on major school construction and infrastructure renovation.
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