Like a wounded animal, embattled President Barrack Obama slammed his critics saying they are partly to blame in the declining economy of America. Obama also took time to assure the American public that he will work hard to ensure the weakening economy will improve before his term ends in 2012. The President, whose popularity has drastically declined due to the current economic status of the US said he will deliver new ideas every week to create jobs. “I’ll be laying out more proposals in the days ahead,” Obama told auto industry workers in Detroit, Michigan recently.
The president also hit Congress particularly his Re publican rivals for playing politics and not thinking about the general welfare of the country that resulted to the current bleak economic condition of the country.To spur economic grown in the US, Obama once again called on Congress to extend a payroll tax cut, advance trade pacts with South Korea, Panama and Colombia, and deliver patent reform.
“There are some folks in Congress who would rather see their opponents lose than see America win,” Obama said. It was learned that despite his declining trust survey, the president remains more popular than Congress, whose approval rating slumped after a toxic debate to lift the U.S. debt ceiling prompted a downgrade of the nation’s AAA credit rating by Standard & Poor’s and an ensuing stock market rout.
The president attributed the violent market gyrations on forces beyond his control, noting European financial turmoil was “lapping up” on U.S. shores,while the credit rating downgrade had been a “self-infli cted wound”. “This downgrade you’ve been reading about could have been entirely avoided if there had been a willingness to compromise in Congress,” the president said.
It can be recalled that the downgrade came after lawmakers failed to agree on sufficiently large cuts in the country’s deficit during negotiations to lift the $14.3 trillion U.S. debt ceiling. Moreover, political experts said the reelection of Obama in 2012 is on shaky ground unless he can lower unemployment, currently pinned above 9 percent, and boost sluggish economic before the election next year.