Senate GOP poised to scuttle Obama's jobs plan

President Barack Obama's jobs bill, facing a serious test in the Senate, appears likely to fail because Republicans oppose its spending components and its tax supplement on millionaires obama has been waging a campaign style effort to rally public hold behind the $447 billion measure, which was expected to be the subject of a Senate vote Tuesday.

The plan combines payroll tax cuts for workers and businesses with $175 billion in expenditure on roads, school repairs and other infrastructure, as well as unemployment support and help to local governments to avoid layoffs of teachers, firefighters and police officers.

The key elements of the jobs package reprise parts of Obama's $800 billion-plus 2009 stimulus determine and a Social Security payroll tax cut enacted last year unlike the notorious stimulus bill, the jobs measure would be financed by a 5.6 percent surcharge on income more than $1 million, raising more than $450 billion over a decade.

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Perry assailed by GOP rivals, defends his record

Attacked from all sides by fellow Republicans, Texas Gov Rick Perry soften his rhetoric if not his position on Social Security in a crackling presidential campaign argue Monday night he fended off assaults on his record creating jobs and require the vaccination of schoolgirls beside a cancer-causing sexually transmitted virus.

Across a fractious two-hour argue before a boisterous tea party crowd, the front-runner in opinion polls gave little ground and frequently jabbed back, mainly at his chief rival, former Massachusetts Gov Mitt Romney.

But the criticism of Perry kept imminent from Romney on Social Security, from Texas Rep. Ron Paul saying the governor have raised taxes, from Rep Michele Bachmann and former Sen Rick Santorum assailing his executive order to need Texas schoolgirls to get a STD vaccine and more.

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Obama tells Congress to cut taxes in his jobs plan

Attacking a deepening jobs crisis, President Barack Obama challenged a reluctant Congress Thursday night to immediately pass a larger-than-expected $450 billion plan to "jolt an economy that has stalled," He urged lawmakers to hack Social Security taxes for tens of millions of Americans and for approximately every business to encourage hiring.

"Stop the political circus," an animated Obama told a joint meeting of Congress in a nationally televised speech over and more than he implored lawmakers to "pass this jobs bill."Open to discussion but making no promises, Republican House Speaker John Boehner said Obama's ideas would be careful but the president should give heed to Republicans' as well, "It's my hope that we can work together," he said.

In announcing a plan heavy on the tax cuts that Republicans traditionally love, Obama sought to achieve multiple goals: offer a plan that could really get through a deeply divided Congress, speed hiring in a nation where 14 million are out of work, shore up public assurance in his leadership and put Republicans on the mark to take action.

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Obama's best jobs plan might be status quo

First, do no harm Economists say the mainly important part of the jobs plan President Barack Obama will unveil Thursday night is the renewal of two measures previously in place a cut in Social Security taxes and emergency aid for the without a job his new proposals, like spending more for transportation projects and cutting taxes for company that hire the unemployed, probably wouldn't add many jobs, they say not soon, anyway.

"These are not bold, new, big programs," says Nariman Behravesh, chief economist with IHS Global Insight, "You put the whole thing together, it's going to be pretty small, "The job market needs big help in August, the economy generate zero job growth and the unemployment rate is 9.1 percent, a level more typical for a depression than for a recovery in its third year.

For Obama, who also faces sinking endorsement ratings as he goes before a joint session of Congress and on national TV, the options are limited congress have to approve any new measures, and congressional Republicans be against new spending, "Anything that would be of a big enough size to in fact help the labor market is going to have trouble getting through Congress," says Michael Hanson, leading economist at Bank of America Merrill Lynch, "and anything that can get during Congress will be too small to be much help."

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