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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:13 AM
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Obama to announce aid for middle class
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Edited on Mon Jan-25-10 08:27 AM by cali
By JULIE PACE Associated Press Writer © 2010 The Associated Press
Jan. 25, 2010, 6:46AM

WASHINGTON — President Barack Obama is set to announce a series of economic initiatives Monday aimed at helping struggling middle class families.

The proposals include a doubling of the child care tax credit, caps on student loan payments, and aid for families taking care of elderly relatives. The plan would also offer retirement savings options for workers who don't get an employer-based plan.

The White House has promised a sharper focus on jobs and the economy as the dust settles from the punishing loss of the late Edward M. Kennedy's Senate seat in Massachusetts. Republican Scott Brown's victory put the seat in the hands of Republicans for the first time in decades and took away Democrats' 60-vote majority in the Senate.

Democrats are trying to regroup to head off more populist anger and stem more losses of congressional, gubernatorial and legislative seats in the 2010 midterm elections. President Barack Obama's poll numbers are also off — primarily because of the slow economic recovery and double-digit unemployment. A majority of Americans also have turned against health care reform, the president's signature legislative effort now in jeopardy.

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http://www.chron.com/disp/story.mpl/ap/top/all/6833816.html

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