Posted by | August 12, 2011 10:35 | Filed under: Top Stories

Speaking to the auto industry Thursday the president focused on jobs and said he’d offer new ideas weekly.

But Obama did not spell out any new initiatives beyond renewing his call for Congress to extend a payroll tax cut, advance trade pacts with South Korea, Panama and Colombia, and deliver patent reform.

The president has few tools left to stoke growth. Fiscal stimulus efforts during the 2008-2009 recession, including a multibillion-dollar auto industry bailout, have vastly expanded the budget deficit. Now the United States is under market pressure to slash it or face higher funding costs.

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Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.