Arab Today, arab today obama picks jobs expert as top advisor
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

Obama picks jobs expert as top advisor

Arab Today, arab today

Arab Today, arab today Obama picks jobs expert as top advisor

Washington - AFP

US President Barack Obama on Monday nominated Alan Krueger, a Princeton University expert on unemployment, as his top economic adviser as he plots an "urgent" new offensive on the jobs crisis. Obama described Krueger as one of America's top economists who understood the challenges that the country faces, with a recovery that has been too tepid to make significant cuts in an unemployment rate of 9.1 percent. Krueger, if confirmed by the Senate, will serve as chairman of the Council of Economic Advisers and succeed long-time Obama confidante Austan Goolsbee who left the administration to return to academia in Chicago. Next week, the president will lay out a new plan to create jobs and slice into the deficit, projected to hit $1.6 trillion this year, in a speech certain to ignite a new political firestorm with Republicans. "Our great economic challenge as a nation remains how to get this economy growing," Obama said as he appeared with Krueger in the White House Rose Garden and previewed his big speech. The president promised "steps that Congress can take immediately to put more money in the pockets of working class families and middle class families and to make it easier for small businesses to hire people. "That's our urgent mission, and that's what I'm fighting for every single day," he said. "My hope and expectation is we can put country before party and get something done for the American people. That's what I will be fighting for." The president is pushing for an extension to a current payroll tax cut, an infrastructure spending plan that would provide jobs for construction workers and an initiative to put returning Afghan and Iraq war veterans to work. The White House says that Obama is also interested in finding deficit cuts that go beyond the current $1.5 trillion mandate of a congressional supercommittee set up to recommend multi-year spending reductions. Republicans in the House of Representatives, however, have already signaled that they oppose some of Obama's likely policy prescriptions and say the best way to stimulate growth would be to loosen government control over the economy. Eric Cantor, the Republican majority leader in the House, on Monday pledged to push for the repeal of "job destroying regulations" he said had tied the hands of small business owners. In a memo to his members, he also committed the House to pursue tax relief for small business owners which he said would immediately help create jobs. The battle lines of a new Republican showdown with Obama are clear however, with both sides smarting from a fierce row over raising the government's borrowing limit in July. The president, seeking a "balanced" approach to deficit reduction, wants to close corporate tax loopholes and says the richest Americans should see their rates rise as they can afford to shoulder more of the economic burden. But Republicans say such tax hikes would, in effect, be a new tax on small businesses, and are pushing instead for spending cuts which Democrats could further cripple the recovery. The Wall Street Journal, which first reported Krueger's appointment, said the new CEA chief would likely prove to be an advocate for more concerted action by the government to tackle high unemployment. He served as assistant treasury secretary for economic policy during Obama's first two years in the White House and was also chief economist for the Treasury and the US Department of Labor. Krueger also wrote a well-reviewed book called "What Makes a Terrorist" which examined the societal, economic and political conditions that breed terrorism and their psychological and economic consequences. Republicans, however, mined Krueger's long list of published articles and comments to argue he was wedded to increasing taxes, more environmental regulation and had incorrectly predicted the extent of the jobs crisis. The CEA is a three-member body that interprets prevailing economic conditions and provides policy recommendations to the president.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama picks jobs expert as top advisor Arab Today, arab today obama picks jobs expert as top advisor

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama picks jobs expert as top advisor Arab Today, arab today obama picks jobs expert as top advisor

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday