Obama Lays Out Economic Plan
President Barack Obama spoke at a factory floor of a recently reopened vehicle parts plant in North Carolina. The president is on his three day tour to promote his priorities after he gave his State of the Union Address. Republicans opposed his ideas.
President Obama has a wide range of goals for his second term. These include executive action to control Medicare costs, slow down climate change, and curb gun violence. At the factory, the president focused on his economic plan to bolster the middle class after years of falling wages.
But one of the president’s notable elements has hit a roadblock. House Speaker John A. Boehner said that he was against the increase of the federal minimum wage from $7.25 per hour to $9. He said that raising the price of employment will result to fewer jobs.
Boehner’s opposition was a reminder of what President Obama didn’t mention in his State of the Union address. He didn’t state how he planned to get his ideas via the GOP-led House. Republicans have embraced some of the president’s agenda but they also show little inclinations to some of the areas.
This was the case in the debate over the automatic budget cuts that would take effect March 1. Both the Democrats and the Republicans want to replace the across-the-board cuts that are divided between domestic and military programs with a more thought-out deficit reduction plan that would bring less harm to the economy. President Obama didn’t refer to the standoff during his State of the Union address but instead laid out his approach in reducing the deficit.
Republicans accused the president of shirking his responsibility. They said that the nation need the president to lead and come with proposals to solve the problem. Republicans said that they are ready and want to be part of the solution.