More than two-thirds of Americans—including half of Republicans—still blame former President George W. Bush for the country’s economic ills, according to a new Gallup poll released on Thursday, hours before President Barack Obama was to deliver a high-stakes speech defending his handling of the weak economy.
"The economy added no net jobs in August—an even worse performance than had been predicted. The overall jobless rate stayed at 9.1 percent.
The news, which comes from the Labor Department’s monthly jobs report, may revive concerns that the economy could be on the verge of a double-dip recession."
"President Obama will lay out new ideas to boost in the economy in a major speech soon after Labor Day. He’s mulling tax cuts for companies that hire workers, infrastructure spending on roads and construction and other measures aimed at the long-term unemployed, administration officials told the Washington Post.
Congressional approval would be needed for those plans, and that’s far from assured. But some of the other measures said to be under consideration, like mortgage relief for struggling homeowners, could be done through executive orders.
Nearly 14 million Americans are officially unemployed, though the figure would be much higher—around 25 million—if it included those who have given up looking for work."