Upon his return to the White House from Martha’s Vineyard, President Obama’s first priority is to get the American economy back on track.
In a speech delivered Monday in the Presidential Rose Garden, Obama emphasized that he and his economic team are “focused, every single day, on pushing this economy forward, repairing the damage that’s been done to the middle class over the past decade, and promoting the growth we need to get our people back to work.”
Looking to facilitate recovery in the short term and increase our competitiveness in the long term, Obama and his team are exploring a variety of new opportunities, including “extending tax cuts for the middle class, which expire this year; redoubling our investment in clean energy and R&D; rebuilding more of our infrastructure for the future; [and furthering] tax cuts to encourage businesses to put their capital to work creating jobs here in the United States.”
The first order of business to stimulate much needed economic growth is, in President Obama’s estimation, the need to make it easier for small businesses to grow and hire. To these ends, Obama has called upon the GOP to end its stalemate in the Senate regarding the Small Businesses Bill and to push the initiative forward.
“This bill is fully paid for,” said Obama, and “it will not add to the deficit, and there is no reason to block it except for partisan politics.”
Notably, Obama proclaimed that “holding this bill hostage is directly detrimental to our economic growth,” and he urged the GOP to end its partisan jockeying and advance the ball on the small business bill that has been languishing in Senate for months.