Obama Faces Challenge In Linking Debt Reduction To Job Creation.
Sabtu, 09 Juli 2011 by Android Blackberry
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| Obama Faces Challenge |
WASHINGTON -- Immersed in an intense struggle to cut the national debt, President Barack Obama faces a dilemma that will remain with him even if he succeeds in striking a grand deal with Congress: convincing Americans that the whole effort will do anything to create desperately required jobs.
Obama ties deficit reduction to jobs, on the basis that attempting to balance the nation's books will promote economic stability and give companies additional confidence to hire. But that's a tough sell to the millions of Americans out of function perfect now. As well as the communications dilemma just got harder.
The latest snapshot of the economy, out Friday, was a body blow that showed employers added a meager 18,000 jobs in June. The leaders of the country, meanwhile, are consumed with negotiating a key debt-reduction deal built upon cutting spending and raising taxes. It is not directly aimed at boosting jobs.
Obama's challenge is to link all this in meaningful terms and to get faster results. At stake are the country's economic recovery and his re-election chances.
The debt will be the urgent problem for Obama and a divided Congress mainly because they've no choice. Reaching a deal has become the key to winning Republican support for raising the nation's debt limit, a politically noxious vote that Congress should take by Aug. 2 to keep the nation from risking default for the very first time ever.
"There's no question that this is often a complex, just about impenetrable problem," said David Axelrod, a longtime Obama adviser and now a senior strategist to the president's re-election campaign. "It's not just the issue of the prospective default, but it's the bigger issue of what he's attempting to get at, the chance of attempting to do something major about the deficits and also the debt. Large factors are at stake, but they're challenging to penetrate, so the method of dealing with them is painstaking."
Republicans, too, face the challenge of explaining and defending how cutting debt will generate jobs inside the short term. They won control of the Home last year in massive component because of voter anxiety about government spending and jobs. But it is Obama who bears the largest burden, as any president does.
In addressing the dismal jobs report, Obama created plain he knows what the country is thinking.
"The debate here in Washington's been dominated by issues of debt limit," Obama said. "But what matters most to Americans, and what matters to me most as president in the wake of the worst downturn in our lifetimes, is getting our economy on a sounder footing so the American persons can have the security they deserve. Obama Faces Challenge In Linking Debt Reduction To Job Creation.
