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Old 08-30-2010, 08:02 PM   #1
gDGwm8BC

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Oct 2005
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Default 'Drop the Blockade': Obama Blasts GOP on Economy, Small Biz Bill
ABC News:
http://blogs.abcnews.com/politicalpu...al-snafus.html

The president’s primary messages were twofold: One that Republicans need to stop obstructing a initiative he proposed to cut taxes that will encourage small businesses to hire and expand, as well as a $30 billion small business lending initiative.

“Drop the blockade,” he said to Senate Republicans, whom he said were “holding this bill hostage,” damaging economic growth.

Second, the president said that his “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.”

Those additional measures, which he said he would be addressing “in further detail in the days and weeks to come,” seemed largely to be proposals he and administration officials had talked about before, such as further cutting corporate taxes to encourage job growth, renewing for those who earn under $200,000 a year the Bush tax cuts set to expire at the end of the calendar year, and spending more on clean energy, infrastructure, and research and development.
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