The president is going to FloridaPresident Obama heads to Florida to tout the Buffett rule, a concept that he’s been promoting since before the State of the Union. He’ll head to Florida Atlantic University in Boca Raton to give a speech about the economy where he’ll continue to push a tax increase for people making over a million dollars a year. The vote in the Senate is in less than a week and while some say the bill won’t make it very far, White House Press Secretary Jay Carney says the vote will put senators on the record, "[T]hat's what votes do, they put Senators on record and we will see how senators handle that,....maybe those on the side of the fence, perhaps those who have been opposed to it in the past, will rethink their position, consider the fundamental fairness of the legislation and vote yes." He’ll also attend three different fundraisers while in Florida. Full schedule after the jump Obama trashes trickle-down economicsNEW YORK (CNNMoney) - President Obama thoroughly denounced the budget plan favored by House Republicans on Tuesday, calling it "thinly veiled social Darwinism" that will only exacerbate income inequality in America. The president's address, delivered to the American Society of Newspaper Editors, also marked the first time that he has called out Mitt Romney, his likely challenger, by name. That passing reference, in which Obama linked the former governor of Massachusetts to the budget written by Rep. Paul Ryan and adopted by his House colleagues, marks an opening volley in a bitter campaign that will stretch until November. FULL STORY![]() President Obama spoke at the The Rolls-Royce Crosspointe factory in Prince George, VA Friday. (photo credit: CNN's Brian Yaklyvich) Jobs and energy have Dems and GOP talking(CNN) – Jobs and energy prices dominated weekly addresses by Democrats and Republicans on Saturday, a day after government numbers showed the creation of 227,000 new jobs last month. Despite the jobs, the unemployment rate remained unchanged, according to the numbers. With unemployment hovering at 8.3%, Republicans put forth Gov. Jack Dalrymple of North Dakota, whose state boasts the lowest unemployment rate, according to the most recent state level data, from December. "These are big reasons why North Dakotais doing so well compared to the rest of the nation," he said. "We have created a friendly business climate inNorth Dakota, where taxes and insurance rates are low, the regulatory environment is very reasonable, and we have the most responsive state government anywhere." He said his state offers major incentives. "Companies want to expand inNorth Dakota because of the ease of doing business and because of our well educated, well trained work force," Dalrymple said. His state's economy, he said, is thriving because of both high-tech manufacturing near the state's capital and oil drilling in the northwestern region. The U.S. could learn from North Dakota’s model and expand domestic oil production, he said, criticizing President Barack Obama for blocking the Keystone oil pipeline, which would run through his state. "It is now within our reach to become energy independent in North America if we simply develop the resources we already have available in places like the Gulf of Mexico, nonsensitive public lands across America, and in our friendly bordering countries," he said. The president also spoke on energy, making his case that theU.S."can't just drill our way to lower gas prices – not when we consume 20% of the world's oil." "The recent spike in gas prices has been another painful reminder of why we have to invest in this technology. As usual, politicians have been rolling out their three-point plans for $2 gas: drill, drill and drill some more,” he said. "Under my Administration, oil production inAmericais at an eight-year high. We've quadrupled the number of operating oil rigs, and opened up millions of acres for drilling." FULL POST ![]() President Obama speaks after touring the Rolls-Royce Crosspointe plant in Prince George County, Virginia. Obama talks jobs in southern VirginiaAt the Rolls Royce jet engine facility in Prince George, VA on Friday, President Obama announced a new proposal to create a National Manufacturing Innovation Network meant to link industry stakeholders in a national conversation about best manufacturing practices. The cost of the president's new proposal is $1 billion, but the White House is committed to creating a pilot program using appropriated funds from various departments rather than waiting for Congress to approve funds requested in the president’s budget. "Think of this as a place where companies can share access to cutting edge capabilities," Obama told a crowd of nearly 1,500 about the proposed manufacturing institute. "At the same time students and workers are picking up new skills. They're training on state of the art equipment. They're solving some of the most important challenges facing our manufacturers. You've just got all this brain power and skill and experience coming together in this hub." According to the White House, the location of the proposed pilot program will be decided based on a competitive process and will cost $45 million. Funding will come primarily from the Departments of Defense, Energy and Commerce with some additional money provided by the National Science Foundation. Obama's visit came on the same day the Bureau of Labor Statistics announced overall job creation for the month of February had exceeded analysts' expectations. The manufacturing sector alone added 31,000 jobs in February, a feat Obama lauded. Obama pledges export support for US businessesEverett, WA (CNN) -– On the last day of a three-day fundraising swing, President Obama stopped by Boeing’s Dreamliner assembly facility in Everett, Washington, to tout his administration’s record on expanding U.S. manufacturing. Speaking in the largest working building in the world, Obama first commended Congress for coming to an agreement on an extension to the payroll tax cut, announcing he intends to sign the bill as soon as he gets back to Washington D.C. “Congress did the right thing, and voted to make sure that taxes would not go up on middle-class families at the end of this month,” the president said. “Congress also agreed to extend unemployment insurance for millions of Americans, maybe some of your family members who are still out there looking for a job, and I'm going to sign this bill right away when I get back home.” Congratulating those gathered in the hanger and those watching his remarks from home, Obama pointed to public pressure as the deciding factor in forcing Congress to pass the extension. “It is amazing what happens when Congress focuses on doing the right thing, instead of just playing politics,” Obama said. White House predicts 2 million more jobs in 2012NEW YORK (CNNMoney) – The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year. But income inequality, Europe's debt crisis, and continued weakness in the housing market could still pose challenges, according to a report released by President Obama's Council of Economic Advisers. "While actions taken to prevent a deeper recession and to strengthen the recovery have made a difference, the nation is still recovering from that profound crisis and the problems that led to it," the Economic Report of the President said. The document, which totals 454 pages, is the administration's blueprint for the economy, which outlines a plan to "recover, rebalance and rebuild." Much like Obama's recent State of the Union address, it focuses heavily on income inequality, and building an America where "everyone gets a fair shot." Read the entire story at CNNMoney.com Congressional Republicans on Jobs Numbers: Don’t Hit Send Yet!
The better-than-expected jobs numbers caught congressional Republicans, as well as economists, off guard. They were poised to send out pre-written press releases about the 'disappointing' numbers. But some offices had to take time to adjust those email blasts, two congressional Republican sources told CNN, prompting a noticeable delay. House Speaker John Boehner and House Majority Leader Eric Cantor emailed out statements 40 minutes after The Labor Department announced the unemployment rate had dipped to 8.3% and the economy had added 243,000 jobs. They normally send out emails almost immediately. Republicans leaders certainly had a common refrain of welcoming the lower than expected unemployment numbers, but House Speaker John Boehner in a release also warned, “[W]e must do better.” Majority Leader Cantor sounded a more positive note in a statement saying, “[W]e are finally seeing some good news in today’s jobs report.” Cantor added, “These numbers are encouraging, especially for those millions of Americans out of work, but we should aim even higher.” Republican National Committee Chairman Reince Priebus released a statement welcoming the news of lower unemployment but added, “[F]ar too many Americans are still without work. Our economy remains unacceptably weak, and families across the country are still struggling to make ends meet.” Priebus’s statement sent out to media about an hour and a half after the government released the January jobs numbers also called for President Obama to be a one-term president. He usually sends out a statement just minutes after The Labor Department’s monthly jobs report. POTUS talks about homeowners todayPresident Obama will speak in Falls Church, Virginia on the economy. He’ll be speaking at the James Lee Community Center and he’ll touch on parts of his new housing plan. In Tuesday’s briefing, White House Press Secretary wouldn’t get ahead of the president’s remarks but said Mr. Obama would talk about his proposal “to make universal the potential for homeowners who are responsible and making their mortgage payments to be able to refinance their loans and save on average I believe $3,000 annually.”
9:30AM Pool Call Time 10:00AM THE PRESIDENT receives the Presidential Daily Briefing Oval Office Closed Press 11:00AM THE PRESIDENT delivers remarks on the economy at the James Lee Community Center Falls Church, Virginia Open Press 12:00PM THE PRESIDENT meets with senior advisors Oval Office Closed Press TBA Carney Briefing Obama's 'magical' place for tourism announcement(CNN) – What better place to talk about the increasing tourism in the United States than on Walt Disney World’s Main Street USA? With Cinderella’s castle as a backdrop, President Barack Obama announced a new strategy to increase tourism to the United States. Hoping it will bring much-needed money and jobs; the president’s plan is set to make it easier for travelers from emerging countries to visit the many iconic sites across the US. “Look at where we are. We’ve got the most entertaining destinations in the world,” Mr. Obama commented. “I’m here because I want more tourists here tomorrow. I want America to be the top tourist destination in the world.” The plan, signed as an executive order by the president this morning, is expected to dramatically increase the number of foreign tourists allowed entry into the US. The hope is that millions more tourists will travel around the country and spend money in local economies which could lead to the creation of over a million jobs over the next decade. “That’s why we’re here today- to tell the world that America is open for business. We want to welcome you and to take concrete steps to boost America’s tourism industry so that we keep growing our economy and creating more jobs- here in Florida and all across the country,” the president said. The United State’s tourism industry has heavily lobbied the administration for the changes in visa policies. The aim is to help tourists, especially from Brazil, India, and China, decrease the wait-time to obtain or renew U.S. visas. Among other reforms, the plan calls for an additional 100 consular officers in those three countries over the next year. FULL POST ![]() President Obama participates in the Democratic Iowa Caucuses via video teleconference on Tuesday night. POTUS schedule for Wednesday, January 4, 2012The day after the Iowa caucuses, President Obama will spend his Wednesday at a high school in Shaker Heights, Ohio (a suburb of Cleveland) to give what the White House calls an "economic-focused" speech. The White House confirmed this morning that he plans on making a recess appointment of Richard Cordray to lead the Consumer Financial Protection Bureau. The travel pool spotted Cordray on Air Force One with the president so we can assume they'll be side-by-side for today's event. Before the speech at 1:15p, President Obama will be stopping at one family's residence to have a discussion about the economy. The president will return to the White House later this afternoon. |
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