The President will address a Joint Session of Congress this evening to lay out a $300 billion stimulus plan. Faced with recent polls showing Americans’ dwindling confidence in the President’s leadership on the economy, persistently high unemployment and an August jobs report showing the economy added ZERO jobs – Expectations are high.
Reuters: With Poll Numbers Sliding To New Lows Amid Frustration, Obama To Layout New Stimulus Plan. “With his poll numbers sliding to new lows amid voter frustration with 9.1 percent unemployment, Obama will make tax cuts for middle-class households and businesses the centerpiece of the plan and will press for new spending to repair roads, bridges and other deteriorating infrastructure.” – Reuters
Politico: “Expectations Couldn’t Be Lower.” “After three weeks of buildup, the stakes for President Barack Obama’s jobs speech Thursday couldn’t be higher — and the expectations couldn’t be lower.” (Carrie Budoff Brown, “Obama Faces High Stakes On Jobs Speech,” Politico, 9/8/11)