Obama to lay out new jobs plan in Sept. speech
By BEN FELLER
AP White House Correspondent
WASHINGTON (AP) -- Seeking to jolt the economy, President Barack Obama will propose new ideas to create jobs and help the struggling poor and middle class in a major speech after Labor Day. And then he will try to seize political advantage by spending the fall pressuring Congress to act on his plan.
Obama's plan is likely to contain a mix of tax cuts, jobs-boosting construction projects and steps to help the long-term unemployed, a senior administration official told The Associated Press. The official emphasized that Obama's proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, like his idea of an "infrastructure bank" to finance construction jobs.
On a related front, Obama will also present a specific plan to cut the staggering national debt and to pay for the cost of his new short-term economic ideas. His version will challenge the new "supercommittee" of Congress to go beyond its goal of $1.5 trillion in deficit reduction.
Confirming the deficit-reduction part of his plan directly, Obama told a rural town hall crowd in Illinois on Wednesday: "I don't think it's good enough for us to just do it part way. If we're going to do it, let's go ahead and fix it."
