President Barack Obama said on Wednesday he will propose a plan in September to jump-start the economy as he struggles to convince skeptical voters that he has something new to offer.
Obama, with his approval ratings falling, is set to propose short-term measures to boost hiring and call on a congressional panel to deliver more than the $1.5 trillion in savings its members seek by November 23, partly through increased tax revenue.
"When Congress gets back in September, my basic argument to them is this: we should not have to choose between getting our fiscal house in order and jobs and growth. We can't afford to do just one or the other, we've got to do both," Obama said at a town-hall style meeting in Illinois.
The White House offered scant details on what new initiatives Obama would offer to keep the economy from diving back into recession.
Administration officials said the plan was still a work in progress but new measures could include tax breaks and spending through construction projects.
Obama's insistence that higher taxes be a part of any long-term plan to improve America's fiscal health, and his push to spend more now to bolster the labor market, could mean his proposals go nowhere.
But first, Obama will be hard at work on his plans while he's sitting on the back porch swilling white wine in wealthy Martha's Vineyard, where he's vacationing from today until the end of the month.
To get a sense of the disconnect Martha's Vineyard has from the rest of the nation, read this snotty piece in the Martha's Vineyard Times.
Had we known then that, post-Clintons, we had the Obamas to look forward to, President Bush's words might not have stung the way they did. But, at the time, studying the parched, tick-infested acres of former grass around our house, I thought he was stretching a point to talk that way.
But, at mid-August 2011, on Martha's Vineyard, holiday hotspot for the rich, famous, and political (as in Democrat), the best thing about the year so far may be this weekend's Fair. Apparently, the Obamas feel the same way. Maybe they need The Fair more than the rest of us do. We beautiful people need The Fair, and we need a drink, but something stiffer than white wine.
I say, Hon, toss that empty into the former forsythia and open a gallon of Jack. (The request didn't originate with me. It's an Island lyric.) We're getting a buzz on and thinking about economic policy. Which is what we elite inhabitants of the Vineyard do. We are busy and important and concerned with national and global affairs, although it takes a stiff drink to stare this current global chaos in the face.
Forgetting that by far the majority of presidents and their advisers have turned elsewhere for their recreation, and for helpful advice, we Islanders are participating in a well documented Vineyard tradition. We, in these exalted premises, know that the ones who visit do so because, forget the beaches, they admire us and the wisdom we impart.
....It's not all smooth sailing for presidents, and they forget that even denizens of this popular spa for the rich and famous have problems too. My times have had their ups and downs, but I don't go ragging on presidents about their tastes in cooling summer drinks. We may not be beer drinkers, we may prefer chilled white wines of better vintages, we may have been driven from wine to whiskey, shocked by President Obama's beer summit (although perhaps that was an aberration) but, despite it all, we elites accept our burdens and carry on. We recharge too. Hon, top me off, will you?
We show folks a good time — a better time, naturally, if they're our crowd. We leave important visitors alone, that is unless they need us. We expect them to come back, but we indulge them if the polls require a touch and go to Hawaii or Chicago. (One caution: We will draw the line, president or no president, at big black tour buses like the one President Obama rode recently through upper Midwest cornfields.) We know that presidents know that we and they are, how shall I say it, well, simpatico.