The next 12 months should be interesting ...
Going into the 2012 election Obama "owns" the economy and, in its current state, this could lead to Obama losing the 2012 election. This leaves him with 2 approaches, either he can do everything in his power to "fix" the economy (primarily focusing on creating jobs) or he can try to make the Republicans at fault for the condition of the economy; and I suspect he is doing both at the same time.
Personally, I predict that the jobs bill that is released later this week will be primarily focused on politically popular but unrealistic proposals and full of "poison pills" to ensure that the Republicans won't support it. I wouldn't be surprised if it is a trillion dollar stimulus focused on building infastructure and financing "Green Jobs" with no consideration for the deficit or debt levels.
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