Jobs will be focus of a busy week
By Ben Pershing
The health-care debate slogs forward in the Senate, reaction to the Afghanistan surge continues and the climate conference in Copenhagen begins this week, but a fourth issue will take political precedence. As Nancy Pelosi put it so eloquently last week: "Jobs, jobs, jobs, jobs, jobs, it is all about jobs."
President Obama will give an economic address Tuesday focused on how his administration and Congress can work together to boost employment. "Among the ideas expected in his economic speech Tuesday is an expanded program that gives people cash incentives to fix up their homes with energy-saving materials," the Associated Press writes. "Obama is leaning toward new incentives for small businesses that hire new workers and new spending on roads, bridges and other public works, the officials said." Robert Gibbs already disclosed Friday that Obama is amenable to using unspent TARP money to pay for a jobs bill, and some newly unveiled math may help pave the way. The Wall Street Journal reports: "The Obama administration, buoyed by a resurgent Wall Street, plans to cut the projected long-term cost of the Troubled Asset Relief Program by more than $200 billion, in a move that could smooth the way for the introduction of a new jobs program." The Washington Post adds that "some of the unallocated money could also be used to demonstrate the administration's commitment to deficit reduction," a purpose for which Tim Geithner has advocated.
December 7, 2009; 8:28 AM ET
Categories: The Rundown
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