Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Obama to unveil new economic plan

Wednesday, August 17, 2011 - 01:59

Aug. 17 - Obama says he will unveil a plan to jump-start the U.S. economy as he struggles to convince skeptical voters in the Midwest. Deborah Gembara reports.

▲ Hide Transcript

View Transcript

President Obama is keeping the focus on the economy as his bus tour rolls through the midwest. At a townhall meeting in Illnois, he said he has a new plan to jump-start the economy. SOUNDBITE: U.S. PRESIDENT BARACK OBAMA SAYING: "As I've already presented, I did earlier this year a plan that says we're going to have spending cuts and we're going to have revenue. We'll have more spending cuts than we'll have revenue. But we're going to have to take a balanced approach and everything is going to be on the table." He also said that handling the U.S. defecit won't require radical surgery. SOUNDBITE: U.S. PRESIDENT BARACK OBAMA SAYING: "When you've got many trillions of dollars worth of housing stock out there, the federal government is not going to be able to do this all by itself. It's going to require consumers and banks and the private sector working alongside the government to make sure that we can actually get housing moving back again. And it will probably take this year and next year for us to see a slow appreciation again in the housing market." Republicans weren't impressed. Campaigning in New Hampshire, Texas Governor Rick Perry had this to say: SOUNDBITE: Texas Governor Rick Perry saying: "Mr. President, actions speak louder than words. My actions as governor are helping create jobs in the country. The president's actions are killing jobs in this country. It's time to get America working again." Campaigning in North Carolina, Minnesota congresswoman Michele Bachmann echoed similar sentiments. The latest Gallup poll showed Obama with a 39 percent approval rating --- the lowest of his presidency. Deborah Gembara, Reuters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Obama to unveil new economic plan

Wednesday, August 17, 2011 - 01:59