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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Obama to Hit the Road on Economic Plans

By Josh Lederman

WASHINGTON -- Immigration, guns and national security are dominating the discussion on Capitol Hill, but Americans by and large are still focused on their bottom line. So President Barack Obama is launching a series of quick jaunts around the country to remind Americans he's still got jobs and the economy on his mind.

Obama will kick off the effort Thursday with a trip to Austin, Texas, the White House said. While in Texas, the president will visit a technical high school and meet with entrepreneurs. He'll also drop in on a tech company and talk with blue-collar workers.

The trips come as Obama, less than four months into his second term, is facing increasing skepticism from political allies and foes alike that he still has the clout to get big things done before the 2014 midterm elections creep up and his ability to set the agenda diminishes. Those concerns have been compounded by a failed push on gun control and a similarly unsuccessful effort to avert automatic spending cuts that took effect in March. Obama traveled repeatedly outside Washington to rally Americans to urge Congress to act on both fronts, but with questionable results.

Progress on the economy provides one opportunity to promote something positive -- especially after a solid jobs report on Friday kicked the unemployment rate down a notch to 7.5 percent, a four-year low that offered hope that the U.S. economy is healthier than many had feared. Still, Republicans have criticized Obama over the past four years for announcing several times that he was pivoting back to an issue they say should have taken top billing all along.

"The economy is still Americans' top concern because the president's policies keep making it harder to create jobs," said Brendan Buck, a spokesman for House Speaker John Boehner (R., Ohio), pointing to energy, taxes and Obama's health care law. "Unfortunately, I doubt we'll hear much about any of those things during this road show."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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