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Obama To Announce Aid For Middle Class

Written by Associated Press on January 25, 2010 8:15 am

Obama Economy

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 onstudent 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.

RELATED: Obama Blames Mass. Senate Loss On Middle Class Economic Woes

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.

RELATED: Global Financial Crisis Threatens Black Middle Class

Top Obama adviser David Axelrod said Sunday the administration needs to “grow this economy in a way that allows hardworking people who are meeting their responsibilities to get ahead instead of falling behind.”

The initiatives being announced Monday were first reported by The New York Times.

A White House official says they are aimed at the “sandwich generation” — Americans that are struggling to care for both their children and their parents.

RELATED: Loss Of Auto Jobs Slams Detroit’s Middle Class

Helping middle class families in particular is expected to be a key theme on Wednesday when Obama delivers his first State of the Union address. The official spoke on the condition of anonymity because the speech has not been finalized.

Obama and Vice President Joe Biden will announce the initiatives at a meeting of the administration’s middle class task force.

Tags: Barack Obama, Obama Administration, Recession 2009
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  • http://www.blackplanet.com/gren1shaw2/ gren1shaw2

    Pres.obama is trying to help the middle class while the repblican party fights tooth and nail to thart his every plan.obama doesn’t realize that most of the dems.are not with him but against him.this has become aq failed presidency.and the dem.party is helping it fail.obama doesn’t realize that there are racist dems fighting against him.I doubt that he will want to be president another term.

  • http://www.blackplanet.com/SoularFlarez/ SoularFlarez

    the ‘Middle-Class’ is an endangered species.

    go to school and get a De-Gree
    get a nice ‘safe’ job working for some corporation
    retire, hoping that your investment takes care of you once you retire.

    “money” aint money, its fiat currency, federal-reserve-notes, debt, IOU’s etc…. and its value is going DOWN. the value of ‘money’ will keep going DOWN.

    people will be working HARDER and LONGER hours, for less money while the price of everything goes UP, except your check.

    more taxes
    more fines,penalties,tickets etc…. since many States are broke.

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  • http://www.blackplanet.com/jazzpast/ jazzpast

    The government is working over time to save the middle class because of the dire economic situation, where the gap between the have and the have-nots is wider than ever before. As much as the Boule were created as a buffer between the masses of black people against the elite 1%. The middle class was created as a buffer for the masses of poverty stricken population against the similar elite class.

  • http://www.blackplanet.com/CaliFemme23/ CaliFemme23

    I will be elated when he actually helps the ‘class’ that showed up in RECORD numbers to vote for him..not the upper, not the middle, but the LOWER class…

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  • http://www.blackplanet.com/SpiceCRed504/ SpiceCRed504

    I just want to know who keeps putting these pictures up of him with these headlines cause they always making him look crazy. What with posting these facial expressions?

  • http://www.blackplanet.com/BlueSexyRose/ BlueSexyRose

    What every they do to assist the middle class will be greatly appreciated. It’s very frustrating always being caught in the middle. You working to support your family, you making too much money to get assistance and not enough to keep your head above water. It’s a horrible feeling, that many single parents know all too well.

  • http://www.blackplanet.com/JOHNBULL007/ JOHNBULL007

    WHAT ABOUT THE POOR BLACK COMMUNITIES WITH THE HIGH MURDER RATE AND DRUG INFESTATION, WHO CARES ABOUT US? WHAT ABOUT THE CONVICTS WHO CAN’T GET A JOB TO FEED THEIR FAMILIES, WHO CARES ABOUT US? I DON’T SEE NO JOBS IN THE POOR AFRICAN AMERICAN COMMUNITIES. WE HAVE BEEN HERE THE LONGEST. RASCISM AND IGNORANCE HAS MADE IT EVEN WORST. MORE JAILS, MORE CRACK, MORE MURDERS. I SEE PEOPLE COMING FROM THIRD WORLD COUNTRIES WITH TONS OF CRACK KILO’S. THE GOVERMENT KNOWS THIS. THEY OPEN BODEGA’S AND GET RICHER AND NO ONE BOTHERS THEM. A POOR BLACK BOY WITH 10-CRACKS GET SENT TO PRISION FOR YEARS. WHEN WILL THIS MADNESS STOP. ALL WICKED NATIONS FALL. (SEE ROME, EGYPT, ECT). THIS MADNESS HAS GOT TO STOP. BUILD SOME SNEAKER FACTORIES, REALESTATE JOBS, HIGH PAYING JOBS AND PUT THEM IN THE HOOD. IF A MAN CAN SALES DRUGS HE CAN SALE HOUSES AND CARS. HELP THE POOR GET PROGRAMS THAT WILL USHER THEM INTO SUCCES. WE DON’T NEED MORE PRISIONS TO MAKE THESE HATERS MORE RICH. THIS IS WHY THE MIDDLE EAST HATES US BECAUSE AMERICA IS A GREEDY NATION. WE NEED TO DIVIDE THE WEALTH EQUALY AND THEN WE WILL BE EQUAL AND LOVE WILL ABOUND. THE PROPHET OBADIAH SAID, ” AS THOU HAS DONE, IT SHALL BE DONE UNTO THEE: THOU REWARD SHALL RETURN UPON THINE OWN HEAD.” ( OBADIAH 1:15 ) IT’S TIME TO BUILD AMERICA, BEFORE IT’S TO LATE.

  • http://www.blackplanet.com/cwm299/ cwm299

    Johnbull007, good line of bs. The only help anyone can rely on is theirself and their family. But the government is helping these white power front groups like the drug dealers, the Crips, the Bloods, and others that are destroying the family. Anyone murdering, dealing, pimping or anything else against the family should be strung up, burned at the stake or impaled, depending on how much suffering they have caused.

  • http://www.blackplanet.com/felicebois/ felicebois

    Lord, I am thankful.
    Gen Eyes Wide, http://www.moderndayblackmomma.com

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  • http://www.blackplanet.com/_A_/ _A_

    lol…This is the same s**t every Democrat says when there approval numbers start falling…He wasn’t thinking nothing about the Middle class, when he was about kill them with this bogus health care reform. He didn’t care nothing about the middle class, with the bail outs of these fat cats on wall street, and he damn sure don’t care about the middle class with this tax against the banks, that the middle class will be burdened with…Stop falling for the okey doke, people!

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