Obama's Imaginative New Economic Strategy
Speaking to a friendly crowd of 1,500 at a community college in Cleveland, Obama blamed the unrelenting recession on a decade of Republican control in Washington and the weak recovery on a Congress gridlocked by Republicans intent on thwarting his agenda.
"The only thing that can break the stalemate is you," Obama told his supporters. "This November is your chance to render a verdict on the debate over how to grow the economy, how to create good jobs, how to pay down our deficit."
The president is proposing to end tax cuts for people who earn more than $200,000 a year and to invest trillions of dollars in education, medical research and green-energy initiatives that he said would help put Americans back to work.