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Sunday, 31 January 2010 - Obama taking populist tone in fight over jobs
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    Read more with google mobile : Obama taking populist tone in fight over jobs

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Africa Europe Latin America Middle East North America Obama taking populist tone in fight over jobs By CHARLES BABINGTON and JENNIFER LOVEN,Associated Press Writers - Sunday, January 31 Send IM Story Print WASHINGTON – President Barack Obama is shifting his administration's emphasis to battling unemployment, the scourge that is hurting households nationwide and threatening to inflict heavy losses on Democrats in November's elections. In the process, he and his allies in Congress intend to force Republicans, through a series of upcoming votes, to choose between Wall Street's high fliers and Main Street's middle-class workers. With Democrats struggling to deliver on big promises such as overhauling health care, they hope their increasingly populist tone _coupled with Republican resistance to Democrats' budget-cutting proposals_ will prevent wavering voters from drifting to the GOP. The White House has pushed a job-creation agenda for months. But it wasn't supposed to reign as the top priority until Democrats achieved their much-touted health care revisions. That trouble-plagued campaign still drags on, however, leaving Obama little choice but to make it clear that creating jobs is his chief concern. The shift in focus is not necessarily a death knell for the health care push. House and Senate Democratic leaders are trying to persuade colleagues to pass the contentious package despite fierce GOP opposition and polls that show substantial public dislike. For now, at least, the legislative leaders seem content for Obama to remain fairly quiet while they work behind closed doors. If they can move the health care package close to the finish line in the next few weeks, they may call on him to buttonhole enough lawmakers for a final push. That gives Obama leeway to focus heavily on trying to whittle down the nation's 10 percent unemployment rate. In Wednesday's State of the Union address, he declared, "Jobs must be our No. 1 focus in 2010." On Friday he rolled out details of a $33 billion, one-year tax incentive plan to encourage more hiring. White House senior adviser David Axelrod said in an interview that the administration also hopes Congress will approve a new stimulus bill in the next couple of weeks. The other most immediate priorities, he said, are votes on a bailout fee on big banks and a financial reform package, including a new consumer finance agency. Congressional Republicans have opposed these and other proposals, saying Obama wants to slap stifling regulations on the nation's still-struggling financial sector. Some Democrats view the GOP stance as a policy and political miscalculation. White House officials and Democratic lawmakers described a strategy to put Republicans on the spot by scheduling regular votes on jobs, financial regulation and other matters that fall in line with the Democrats' populist message. The strategy is meant to put Republicans in a box. They can vote with Democrats on items such as imposing a fee on big banks that received public bailout money. Or they can oppose such measures and risk being painted as protectors of big banks and stock traders rather than working-class Americans. Many congressional Republicans, riding high after their stunning victory in the Jan. 19 Massachusetts Senate race, think the Democrats' strategy won't work. They appear almost united in their willingness to oppose Democrats on numerous measures that arguably might appeal to the public, calling them irresponsible, unworkable or overly intrusive. Senate Republicans recently helped kill a proposed bipartisan commission meant to reduce the deficit, even though some originally had embraced it. They also unanimously opposed an increase in the allowable level of federal borrowing. The measure, which Democrats passed on a party-line vote, includes requirements that the government pay up front for many new programs rather than finance them through borrowing. Republicans say the pay-as-you-go plan encourages higher taxes. Many House Republicans, meanwhile, criticized Obama's call Friday for a $5,000 tax credit for each new worker hired this year, capped at $500,000 per employer. They said previous efforts proved ineffective. Axelrod said the White House and the Democratic-controlled Congress will keep pushing such proposals and keep highlighting Republicans' opposition. "It's hard to understand why they would not be for it," he said. "They're going to have to decide." Obama himself hinted at the strategy in a recent interview with Time magazine. "It'll be interesting to see how some, who have tried to exploit legitimate anger at the big banks this year by trying to put it on us, are going to position themselves _ whether in fact they're going to want to protect all these financial institutions from the regulations that will prevent the kind of disaster that we've seen over the past couple of years," Obama said. "They're going to have to vote yea or nay, aren't they?" the reporter said. "Right," said the president. Both parties have made some nods at bipartisanship in recent days. But chances for meaningful accords before the November elections seem remote. Obama and House Republicans engaged in a freewheeling exchange Friday in Baltimore, but the most energetic portions involved each side sharply defending its positions and pointedly criticizing the others'. House GOP leader John Boehner of Ohio thanked Obama for coming. A short time later he issued a lengthy, point-by-point rebuttal of the president's comments, under the headline, "President Obama repeats discredited talking points during dialogue with House GOP." Recommend Send IM Story Print Related Articles Yemen rebels say they accept truce terms Reuters - 2 hours 38 minutes ago Obama says U.S. deficit could jeopardise recovery Reuters - 2 hours 56 minutes ago Thousands rally to urge Russia's Putin to resign Reuters - Sunday, January 31 Iran puts 16 opposition supporters on trial AP - Sunday, January 31 Police: Suicide bomber kills 2 at Iraqi restaurant AP - Sunday, January 31 News Search Top Stories Gandhi ashes scattered off South Africa Italy halts bluefin fishing for a year: EU Bankers resigned to reform after Davos bust-up State debt to become 'biggest problem': IMF chief Got a decision to make? Have some sugar, study says More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Davos ends with recovery warning after banking bust-up US angers China with Taiwan arms package Turkish twins with different fathers 'trigger divorce' Blair says no regrets for removing Saddam Disease spreads in quake-hit Haiti More Most Viewed » Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. 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