Obama, on campaign odyssey, touts economic plans

* Obama sees 800,000 new jobs from clean energy plans

* Charges Republicans resist efforts to help workers

By Patricia Zengerle

MENOMONEE FALLS, Wisc., Aug 16 (BestGrowthStock) – U.S. President
Barack Obama criss-crossed the United States on Monday touting
his economic stimulus policies and slamming rival Republicans
as he campaigned for Democrats fighting to keep control of the
U.S. Congress in November’s elections.

At a stop at a battery plant in Wisconsin he sought to
convince voters he can ease high unemployment and has a plan to
fix a slowing economy in which fears of a double-dip recession
have grown recently.

Obama took aim at Republicans, whom he said seek to turn
back the clock by resisting his administration’s efforts to
bolster the sagging economy.

“These are the same folks in Washington who made the
political calculation that it was better to stand on the
sidelines than work as a team to help the American worker,”
Obama said.

“They said ‘no’ to small business tax cuts, ‘no’ to
rebuilding infrastructure, ‘no’ to clean energy projects. They
even voted against getting rid of tax breaks for shipping jobs
overseas.”

“We expect our commitment to clean energy to lead to more
than 800,000 jobs by 2012,” he told a small crowd at ZBB Energy
Corp., a maker of high-tech batteries. Obama’s plans to revive
U.S. manufacturing includes offering economic incentives to
domestic producers of clean-energy products.

The factory stop was the first on a cross-country odyssey
that will also take Obama to California, Washington, Ohio and
Florida in three days for a series of fundraisers for Democrats
running in the mid-terms.

Obama traveled from ZBB to central Milwaukee, where he
spoke at a fund-raiser for Milwaukee Mayor Tom Barrett, who is
running to be the next governor of Wisconsin.

The Democrats’ chances in November are complicated by
Obama’s approval ratings — which hover in the mid- to lower-40
percent range — and fears that the economic recovery may peter
out and the country may slip back into recession.

A sharp widening in the U.S. trade deficit forced
economists to revise down estimates for second-quarter growth,
indicating the slowdown has come more quickly than pessimists
expected. For more, please see: [ID:nN11217117]

Steadfast weakness in housing, along with a stubbornly high
unemployment rate of 9.5 percent, were among factors that led
the U.S. Federal Reserve last week to offer more monetary
stimulus to the economy.

The Fed said it will funnel cash from maturing
mortgage-backed securities it acquired during the financial
crisis into further purchases of Treasury bonds in an effort to
keep long-term rates low and spur more lending.

(Editing by Alan Elsner)

Obama, on campaign odyssey, touts economic plans