Obama Economic Plan: Too Little, Too Late?

Ad Feedback

President Barack Obama is traveling to Ohio on Wednesday to sell the American people on his latest plan for the economy.
    
The president's plan would allow bigger businesses to write off all of their new investments in plants and equipment. A research tax credit would be extended permanently.

In addition, Obama has called for $50 billion in new infrastructure spending.

But new polls show many Americans feel the fixes to the economy may be too little and too late.  
    
According to a new ABC News-Washington Post poll, 92 percent of Americans say the economy is in bad shape, and a third say the president has made it worse.
   
However, only 32 percent of Americans have confidence Republican proposals would make matters better.

"This isn't about the next 60 days or the next 90 days. This is about, how do we get our economy fully back on track," White House Press Secretary Robert Gibbs said.

"What we're really seeing is a revolt against the status quo," said Gary Langer of Langer Research Associates. "And it's all about fundamentally the economy
    
On Wednesday, the president will officially announce that he favors keeping Bush tax cuts for couples earning less than $250,000 a year.  He'll allow those cuts to expire at the end of the year for those who make more.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

 CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.