Politicians seem to be more concerned with the upcoming Presidential elections in 2012 rather than staying focused on this economic crisis (which many analysts believe could become another recession). Barack Obama remains as the bleak glimmer of hope, and Americans now look back at that night in Denver during the Democratic presidential nomination - when "the planet began to heal".
The U.S economy is now at a stand still. Most economists predict that, at most, the U.S economy will increase only 2 percent. The high unemployment rate (stuck now at 9.1 percent, after exactly zero net jobs were created in August) is what Obama now plans to tackle head on as the nation lost nearly 2.5 million jobs in the last three years.
He is expected to discuss the new plan to revive the economy with a joint session of Congress this Thursday: a mix of tax credits and targeted spending increases for school renovation and job training amounting to about $300 billion. Obama's hope is for a sensible proposal that even the Republicans could endorse. If rejected by Congress, Obama's aides believe it will shift the political scale in their favour. As a defeated plan they hope it could become a political trap for Republicans - allowing Obama to portray it as sabotage of economic progress.
"The president will present a meaningful, responsible set of ideas to create jobs and grow the economy," a senior White House advisor said. That is precisely what the American people, and much of the world are hoping for as the economic outlook across much of the world is looking dim.
The nation now anxiously waits for Obama, as he is expected to speak Thursday.
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