Sunday, August 21, 2011

Obama doesn't expect another recession

President Obama insisted the U.S. was not in danger of falling into another recession, but acknowledged in a televised interview aired Sunday that his reelection would hinge on the economy. - LA Times

He criticized Republicans for recent "brinkmanship" over raising the nation's debt ceiling but said he "absolutely can do business with them." ...Obama said he would push Democrats to find "common ground and compromise." ..."And if that's happening on both sides, there's no reason why we can't solve problems," he said.

Obama Likely To Propose Job-Training Program, Tax Credits, And Infrastructure Spending - Business Insider

(Like other jobs proposals that have been reported in recent weeks, this news is presumably another White House trial balloon).