With election looming, Obama joins partisan finger-pointing
Obama struck a combative tone in a speech in Pittsburgh Wednesday, making sharp jabs at the Republicans and BP in what could be a taste of the run-up to the November elections.
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The presentation was billed as an update to the big “House Upon a Rock” economic speech Mr. Obama gave at Georgetown University more than a year ago, in which he laid out a goal of economic rebuilding on a solid foundation of reform, not the shifting sands of economic boom and bust. And indeed, on Wednesday, Obama laid out the case for investment in physical and high-tech infrastructure, clean-energy research, and financial reform.
But with midterm elections looming in November, Obama also took sharp jabs at Republicans, blaming them for saying “no” to proposals such as tax cuts for small business, credits for college tuition, and investments in clean energy.
“Now, some of you may have noticed that we have been building this foundation without much help from our friends in the other party,” Obama said in his speech at Carnegie Mellon University. “From our efforts to rescue the economy to health insurance reform to financial reform, most have sat on the sidelines and shouted from the bleachers.”
Obama blasts BP ... again
Obama also took aim at another foe that could be far more difficult to overcome than the GOP: the giant oil spill befouling the Gulf of Mexico, and the company he holds responsible, BP. Obama said the Gulf disaster demonstrates the need for clean-energy alternatives, and called for “rolling back billions of dollars in tax breaks to oil companies so we can prioritize investments in clean-energy research and development.”
And in a look-ahead to Friday, when the May employment figures are released, Obama anticipated what economists expect will be a positive jobs report.
Forecasters are predicting that Labor Department numbers will show creation of more than 500,000 jobs in May, though unemployment is expected to dip only slightly, as the brightening employment picture spurs once-discouraged workers to resume the job search. Still, the healthy job growth number is something Obama and the Democrats can take to the bank, politically, as voter impressions of the economy remain a key element in the fall midterms.