Tags: axelrod | economy | stimulus | white house | obama

Axelrod: Growth, Jobs Are Priorities Next Year

Sunday, 17 Oct 2010 11:34 AM

White House adviser David Axelrod said generating “more growth and jobs” will be the Obama administration’s top priority next year.

“That’s fundamental,” Axelrod said Sunday on CNN’s “State of the Union” program. Axelrod also said the Democratic administration would focus on the U.S. “fiscal situation” and push immigration overhaul next year.

The economy remains a central issue in the Nov. 2 midterm elections, in which Republicans are poised to pick up seats in the Senate and possibly win control of the U.S. House of Representatives. While the U.S. is no longer in a recession, the Bureau of Labor Statistics reported last month that unemployment remained relatively high at 9.6 percent. The Labor Department reported that 95,000 jobs were shed in September.

“We’re in a tough political environment because the country’s in a tough economic environment,” White House spokesman Robert Gibbs told NBC’s “Meet the Press.”

While Axelrod predicted that Republicans will gain seats in Congress in November and pledged to work with them, he said tax cuts for the wealthiest Americans shouldn’t be extended and wouldn’t stimulate the economy.

Cuts to middle-class households shouldn’t be “held hostage” by Republican supporters of extending all the tax cuts Republican President George W. Bush pushed through Congress during his administration, Axelrod said.

Gibbs said Republicans want to return to economic policies that led to the recession and would repeal the Wall Street financial regulatory overhaul that Congress adopted this year.

As Republican-leaning groups promise to spend tens of millions of dollars to defeat Democrats, Axelrod and Gibbs also continued the administration’s push to pressure groups like the U.S. Chamber of Commerce in Washington to disclose their donors.

Axelrod said voters should know whether insurance companies, Wall Street banks, and oil and gas producers are backing the Chamber’s election push. He has called on the Chamber to prove that no money from foreign corporations is being used in political advertisements in the U.S., which would be illegal.

The Chamber had pledged to spend $75 million backing pro- business candidates. Chamber officials have denied the allegation that foreign corporations are funding the effort.

Axelrod said “secret funds” were a threat to democracy, and also noted the efforts of Karl Rove, a former top Bush aide, to defeat Democratic candidates.

Rove advises American Crossroads, which discloses its donors, and Crossroad Grassroots Policy Strategies, which doesn’t. The groups have said they would spend more than $50 million this election.

Axelrod told CNN that the administration believes “deeply in disclosure.”

© Copyright 2017 Bloomberg News. All rights reserved.

1Like our page
2Share
Economy
White House adviser David Axelrod said generating more growth and jobs will be the Obama administration s top priority next year. That s fundamental, Axelrod said Sunday on CNN s State of the Union program. Axelrod also said the Democratic administration would focus on...
axelrod,economy,stimulus,white house,obama
412
2010-34-17
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved