Tagged: economy

Senate Minority Leader Mitch McConnell, R-Ky., is pleading with President Obama to deliver new ideas on the sluggish economic recovery.

The president is scheduled to deliver a major economic address Thursday, which will be the first of the general election campaign and in the swing state of Ohio.

But observers expect Mr. Obama won't offer any new jobs proposals and instead continue to push lawmakers to pass his "to-do" list.

McConnell says Democrats are getting anxious about economic stagnation and the nearing election.

"We can expect more of the same: more government, more debt and higher taxes to pay for it all," he said on the Senate floor Wednesday. "Now, according to the news reports, some Democrats are starting to get a little wary of this approach. A number of folks who worked in the Clinton Administration have suggested something more positive. But others are pleading with the president to double down on the message that government is the answer."

Senate Republican Leader Mitch McConnell, R-Ky., released the following statement tearing into President Obama for claiming that the private sector is "doing fine" during a press conference to address economic concerns.

From McConnell's office:

“Whether the President wants to acknowledge it or not, we are now living in the Obama Economy, and no ‘post-it note’ proposal can reverse the damage done by his policies over the past three and a half years. It’s baffling that in the face of all evidence to the contrary, this President still believes that spending money we don’t have to inflate the government is the answer to America’s economic problems.

The economy would respond much more favorably to providing the tax certainty Americans deserve by extending all the tax rates and assuring employers they do not have to budget for the largest tax increase in American history next year. The Obama Economy is even slower now than when we extended the rates in 2010—raising taxes on job creators in this slow economy is simply not the elixir for his failed policies.”