Obama looking for ways to boost economy
President Barack Obama, under pressure to bolster the economy, saidyesterday that he and his economic advisers are discussing additionalsteps to generate job growth, such as more tax cuts for businesses.
President Barack Obama, under pressure to bolster the economy, said yesterday that he and his economic advisers are discussing additional steps to generate job growth, such as more tax cuts for businesses.
Obama, just back from a 10-day vacation, appeared in the White House Rose Garden to show his concern about the economy, which some experts believe is in danger of slipping into a double-dip recession.
“My economic team is hard at work in identifying additional measures that could make a difference in both promoting growth and hiring in the short term and increasing our economy’s competitiveness in the long term,” he said.
He cited possible steps such as extending tax cuts for the middle class that are set to expire this year, increasing government support for clean energy development and rebuilding more U.S. infrastructure.