Showing posts with label employment. Show all posts
Showing posts with label employment. Show all posts

Thursday, 28 January 2010

Analysis: Barack Obama the underdog

Extract from The Times (UK), 28 January 2010

By

Barack Obama has had to come down from the Olympian heights to recast himself as a street fighter, even an underdog - and he did it well.

His political task last night was to gloss over a thin record of accomplishment and chart a course towards midterm elections in November that a deeply demoralised Democratic party is starting to dread.

He admitted he and his team had made mistakes in their first year even if most of the errors were left unspecified other than a failure to communicate his aims for health reform.

But he did not abandon his big goals on health, financial reform or climate change and made the Republicans look like the party of "no".

And the key line from the speech was one of defiance: "We do not give up. We do not quit. We don’t allow fear or division to break our spirit.”

Few of his supporters would have forecast such a shrunken agenda a year ago, when Mr Obama’s sweeping promises of change still seemed equal to the monumental challenges posed by a collapsing economy. Since then recovery has been sluggish, unemployment has been stuck at 10 per cent and Republican efforts to sabotage health, financial and energy legislation have been relentless.

But aides said Mr Obama had lost none of his ambition and still planned to change the way Washington does business – but in reality he is more dependent than ever on the 535 members of Congress who crammed into the House of Representatives last night.

Obama's State of the Union speech

US President Barack Obama has said in his first State of the Union address that creating jobs must be the nation's number one focus.

Mr Obama accepted Americans were "hurting" and that his election pledge of change had not come quickly enough.

He defended his healthcare reform efforts and bank bailout policy, but said there would be a spending freeze from 2011 to tackle the budget deficit.

Bob McDonnell, for the Republicans, criticised the expansion of government.

The Virginia governor said the federal government was "simply trying to do too much".

'Devastation remains'

Mr Obama was given the traditional warm welcome by all sides of Congress and received several standing ovations.

He opened his address by saying the US had to "answer history's call".

On the issue of employment, Mr Obama said: "People are out of work. They are hurting. They need our help. And I want a jobs bill on my desk without delay.

"Jobs must be our number one focus in 2010."

Read a full transcript of Obama's speech here.

Monday, 5 January 2009

Obama's priorities for 2009

Extract from an article by Max Deveson, BBC News online, 5 Jan 2009

Barack Obama enters the White House this month with a wide-ranging agenda for change.
The BBC's Max Deveson considers which issues he is likely to tackle head on - and which he may be tempted to put to one side:

Economic stimulus
Healthcare reform
Climate change
Iraq/Afghanistan
Closing Guantanamo
Engaging with the world
Labour relations
Backburner issues

Read the whole article here.

Sunday, 23 November 2008

Obama seeks to create 2.5m jobs

Extract from BBC News, UK, 23 Nov 2008

"US President-elect Barack Obama says he wants his economic team to find ways to generate 2.5 million new jobs during his first two years in office.
In a weekly address on the internet, Mr Obama said he wanted to sign the plan soon after taking office on 20 January. The message came as unemployment claims rose by 540,000 in the US, taking the total to 1.2 million jobs lost in 2008.

Mr Obama, said to have chosen Timothy Geithner as treasury secretary, is due to name his economic team on Monday. Mr Geithner, currently chairman of the Federal Reserve Bank of New York, has been deeply involved in the efforts to cope with the current financial crisis.
He previously worked in the Bill Clinton White House, where he worked through the fallout of the Asian financial crisis of the 1990s.

US shares rose sharply on Friday as word spread of Mr Obama's reported choice, calming investor fears.

Building jobs

Talking about his desire to put job-creation at the heart of the economic policy of the incoming administration, Mr Obama said new unemployment figures reinforced the impression of an economic crisis of "historic proportions".
He hailed congressional approval of a boost in unemployment benefits, adding that the latest gloomy figures had only reinforced his determination to revitalise the economy.
"We must do more to put people back to work, and get our economy moving again," the president-elect said.

He said his economic priority would be a two-year, nationwide effort to "jumpstart job-creation in America and lay the foundation for a strong and growing economy".
Ageing public infrastructure would be rebuilt, Mr Obama said, adding that his administration would look quickly at developing and building sources of renewable energy, such as wind farms, designed to "free" the US from its "dependency" foreign oil.

He suggested he would need cross-party support to get his plan through, despite his Democratic party holding a majority in both houses of Congress.
"Right now there are millions of mothers and fathers who are lying awake at night wondering if next week's pay check will cover next month's bills.
"There are Americans showing up to work in the morning only to have cleared out their desks by the afternoon. These Americans need help and they need it now," Mr Obama said".