Obama to Reach Out to Small Business

Chrysler ad a political football

(NEWSER) - God bless America ... and the Chrysler bailout ... seemed to be the message that left football fans misty-eyed after Clint Eastwood's Super Bowl Chrysler ad. It's "halftime" in America, and we're all pulling together for a brighter economic future, says the gravelly-voiced star. But Eastwood was opposed to the bailout that made the Chrysler turnaround possible, and now the ad has become a political football as Dems score points with it and the GOP tackles it, notes ABC News . “Saving the American Auto Industry: Something Eminem and Clint Eastwood can agree on," crowed White House spokesman Dan Pfeiffer on Twitter, referring to Eminem’s Chrysler ad during last year's Super Bowl. "Powerful spot," chimed in Obama re-election strategist David Axelrod. But George Bush's political maven Karl Rove snapped that he was "offended" by the ad, which he argued was orchestrated by the administration to paint a rosy future. More»

President chides Republicans on payroll taxes

(AP) - President Obama continued his onslaught on congressional Republicans today, saying that Congress needs to extend a payroll tax cut in light of an economic recovery that's "still fragile" and middle class families who need the money. In a statement given from the White House this afternoon, Obama urged Republicans to "keep your word to the American people" on not raising taxes. Obama has been seeking an extension and expansion to the payroll tax cut that will expire at the end of the year. More»

GOP candidate calls lack of new deal an 'astonishing failure'

(NEWSER) - Republican presidential contenders are railing against President Obama over his decision to bring home all American troops in Iraq by January 1, reports CBS News .

• Mitt Romney: "President Obama's astonishing failure to secure an orderly transition in Iraq has unnecessarily put at risk the victories that were won through the blood and sacrifice of thousands of American men and women. The unavoidable question is whether this decision is the result of a naked political calculation or simply sheer ineptitude in negotiations with the Iraqi government."
• White House response: "Mitt Romney didn't lay out a plan to end the war in Iraq in his foreign policy agenda—he barely even mentioned Iraq—but he is apparently willing to leave American troops there without identifying a new mission."

'Washington Post' bares early details of president's plan

(NEWSER) - Details of President Obama's new debt-reduction plan to be unveiled this morning are emerging—and it's not a pretty sight for the rich. The president will likely outline a plan to cut the federal debt by $3 trillion over the next decade, with half of that coming from an increase in tax revenues, sources tell the Washington Post . Nearly half of the new tax revenue is expected to emerge from next year's expiration of former president Bush's tax cuts for the rich. Most of the rest will spring from a special new tax for the wealthy , and axing or cutting back on loopholes and deductions, according to administration officials. More»

But problem may be too big to fix

(NEWSER) - As he announced the appointment of Alan Krueger yesterday, President Obama promised a speech outlining his new jobs agenda next week—but behind the scenes, Obama and company haven’t actually agreed on that agenda yet, the Washington Post reports. The president is considering a number of options, including a tax credit for companies hiring new workers, an infrastructure bank, clean-energy tax cuts, and revamping the unemployment system so that it pays companies to hire out-of-work people. More»