Obama kicks off campaign with infrastructure plan
President proposes $50 billion initial investment, new business tax cuts
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Video: Fiery Obama unveils jobs program, jabs GOP
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Transcript of: Fiery Obama unveils jobs program, jabs GOP
SNOW: Good evening. I'm Kate Snow , in for Brian Williams on this Labor Day .
KATE SNOW, anchor: President Obama spent the holiday in Milwaukee talking to union members about the economy , and topic number one for so many families right now, creating more jobs. According to the August unemployment report which came out on Friday, nearly 15 million people are without jobs on this Labor Day and another nine million are working part-time, not because they choose to but because they cannot find a full-time job.
SNOW: The Obama administration is unveiling new plans this week to try to boost job growth ; but today's speech was as much about politics as it was about new programs, with the midterm elections just eight weeks from tomorrow. Joining me now from the White House NBC 's Mike Viqueira . Mike , good evening.
MIKE VIQUEIRA reporting: Good evening, Kate . The president told supporters today there's no silver bullet for what ails the economy . But in a speech that quickly became a political stem-winder, that didn't stop him from firing away at Republican opponents.
President BARACK OBAMA: Hello, Milwaukee!
VIQUEIRA: The president today in Wisconsin speaking to a friendly union audience and vowing to keep his focus on jobs and the economy .
Pres. OBAMA: I am going to keep fighting every single day, every single hour, every single minute to turn this economy around and put people back to work.
VIQUEIRA: Mr. Obama unveiled his latest plan to jump-start growth, immediate spending on highways, airports and rail lines totaling $50 billion. But the plan would have to get through Congress , and today GOP leaders dismissed it out of hand. "Americans are rightly skeptical about Washington Democrats asking for more of their money and their patience," said top Senate Republican Mitch McConnell . "After all, they're still looking for the 'shovel-ready' jobs they were promised more than a year ago." But today's speech was more about politics than economics, and Mr. Obama launched a spirited attack against Republicans by invoking his own successful run.
Group of People: Yes, we can! Yes, we can! Yes, we can!
Pres. OBAMA: Now, I mean, I personally think "yes, we can" is more inspiring than 'no, we can't.'
VIQUEIRA: But much has changed in two years. With the economy still sluggish and the jobless rate high, Mr. Obama 's standing in the polls has dropped. Now even as he prepares to release more of his plan later this week, experts say a strong job market isn't likely soon.
Mr. PETER MORICI (Professor, University of Maryland Business School): The economy is simply not going to improve before the election. There's nothing that Barack Obama can do about that.
Pres. OBAMA: They talk about me like a dog!
VIQUEIRA: Part of the president's job today to fire up the party faithful. With polls showing high enthusiasm among conservatives and independents leaning Republican, today Mr. Obama served his base plenty of red meat.
Pres. OBAMA: If I said the sky was blue, they say no.
VIQUEIRA: But experts say it all may come too late for Democrats this fall.
Mr. STUART ROTHENBERG (Political Analyst): People are focused on the numbers, unemployment, jobs; and the president getting on TV or appearing in your town and telling you he's got some ideas for the future, that just doesn't cut it for most voters.
VIQUEIRA: And, Kate , even with the renewed emphasis on the economy and all the president is doing to help Democrats in the fall, experts are now saying Republicans have a better than even chance of taking control of the House of
Representatives in November. Kate: Mike Viqueira at the White House tonight. Thank you.
SNOW:
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Related: White House , United States House of Representatives, Republican Party
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