This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Obama, Five Weeks After the Election, Hits the Campaign Trail

NEW YORK ( TheStreet) -- When President Barack Obama spoke to a raucous group of workers in Redford, Mich., on Monday, he sounded as if he's still on the campaign trail despite his victory five weeks ago.

The trip to a Daimler Detroit Diesel plant was to pitch his plan for the so-called fiscal cliff -- when tax-relief measures and deep spending cuts will automatically go into effect.

"It is a great excuse for me to get out of Washington," Obama said. "I've said I will work with Republicans on a plan for economic growth, job creation and reducing our deficits, and have some compromise between Democrats and Republicans."

Shortly before his speech, Obama's dormant campaign apparatus reached out to its lengthy email list of supporters to use a so-called call tool. For those who sign up, the Obama campaign provides the user with a name and phone number to call, and asks them to read from a script that pitches the president's plan on tax cuts.

"We know we can affect change in Washington when we raise our voices together. So pick up the phone and make a few calls. Republicans in the House need to hear from their constituents," Stephanie Cutter, deputy campaign manager for Obama's campaign, said in the email.

Obama met with House Speaker John Boehner (R., Ohio) during the weekend, but aides refused to release any details of the discussion. The White House press secretary said Monday he thinks the best prospect for reaching an agreement was to keep private the details of conversations between the president and senior lawmakers.

The Michigan visit was one of many Obama has made to boost support for his budget plan. Obama said at the plant that he wanted to extend middle-class cuts, make necessary spending reductions and raise rates on the top 2% of income earners. The president said he isn't willing to compromise on the tax hike.

With the rally-like event at Daimler Detroit Diesel and the cold-call initiative, Obama turned to one of his greater strengths: campaigning.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $125.70 2.00%
FB $83.25 -0.06%
GOOG $551.16 0.51%
YHOO $44.96 -0.30%
TSLA $189.86 2.60%

Markets

DOW 17,982.22 +269.56 1.52%
S&P 500 2,087.89 +26.87 1.30%
NASDAQ 4,946.5920 +55.3730 1.13%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs