AIRLINK 200.75 Increased By ▲ 7.19 (3.71%)
BOP 10.21 Increased By ▲ 0.26 (2.61%)
CNERGY 7.71 Decreased By ▼ -0.22 (-2.77%)
FCCL 40.06 Decreased By ▼ -0.59 (-1.45%)
FFL 16.81 Decreased By ▼ -0.05 (-0.3%)
FLYNG 26.65 Decreased By ▼ -1.10 (-3.96%)
HUBC 132.60 Increased By ▲ 0.02 (0.02%)
HUMNL 13.92 Increased By ▲ 0.03 (0.22%)
KEL 4.65 Increased By ▲ 0.05 (1.09%)
KOSM 6.59 Decreased By ▼ -0.03 (-0.45%)
MLCF 46.74 Decreased By ▼ -0.86 (-1.81%)
OGDC 212.43 Decreased By ▼ -1.48 (-0.69%)
PACE 6.90 Decreased By ▼ -0.03 (-0.43%)
PAEL 41.28 Increased By ▲ 0.04 (0.1%)
PIAHCLA 17.00 Decreased By ▼ -0.15 (-0.87%)
PIBTL 8.11 Decreased By ▼ -0.30 (-3.57%)
POWER 9.42 Decreased By ▼ -0.22 (-2.28%)
PPL 181.46 Decreased By ▼ -0.89 (-0.49%)
PRL 41.78 Decreased By ▼ -0.18 (-0.43%)
PTC 24.70 Decreased By ▼ -0.20 (-0.8%)
SEARL 111.84 Increased By ▲ 5.00 (4.68%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 43.92 Increased By ▲ 3.82 (9.53%)
SYM 18.98 Increased By ▲ 1.51 (8.64%)
TELE 8.87 Increased By ▲ 0.03 (0.34%)
TPLP 12.92 Increased By ▲ 0.17 (1.33%)
TRG 67.47 Increased By ▲ 0.52 (0.78%)
WAVESAPP 11.42 Increased By ▲ 0.09 (0.79%)
WTL 1.79 No Change ▼ 0.00 (0%)
YOUW 3.99 Decreased By ▼ -0.08 (-1.97%)
BR100 12,170 Increased By 125.6 (1.04%)
BR30 36,589 Increased By 8.6 (0.02%)
KSE100 114,880 Increased By 842.7 (0.74%)
KSE30 36,125 Increased By 330.6 (0.92%)

US President Barack Obama said on Saturday that bitter fights between Democrats and Republicans in Washington were hurting the economy and he urged lawmakers to embrace compromise in order to boost job growth.
Still reeling from a divisive debate over debt and deficits that triggered a downgrade in the US credit rating, Obama is going on a three-day bus tour next week to connect with voters as his own 2012 re-election campaign begins to heat up.
Channeling citizens' anger at Congress will be one of his key themes, which he rolled out on a trip to Michigan this week and in his weekly radio and Internet address on Saturday. Obama said the side show in Washington had gotten in the way of efforts to bring down high unemployment.
"Lately, the response from Washington has been partisanship and gridlock that's only undermined public confidence and hindered our efforts to grow the economy," he said in his weekly address. "So while there's nothing wrong with our country, there is something wrong with our politics, and that's what we've got to fix."
Repeating a call he has issued numerous times in recent weeks, Obama pressed for Congress to extend a payroll tax cut, put unemployed construction workers to work building US infrastructure projects, finish outstanding trade pacts and cut "red tape" for entrepreneurs.
"We can no longer let partisan brinksmanship get in our way - the idea that making it through the next election is more important than making things right," he said. "So you've got a right to be frustrated. I am." Republican Senator Pat Toomey said in his party's weekly address that government regulation, especially from the Obama administration, was hurting the economy.
"Every day, small business owners, job creators and entrepreneurs are bombarded with new regulations and higher costs, discouraging these employers from expanding their businesses and hiring additional workers," Toomey said. "The number of regulations has only increased since President Obama came into office. The Federal Register, containing all federal regulations, now totals a whopping 49,000 pages, covering everything from paint, to dust, cement, to cars, medicine and livestock." Toomey said the "most harmful" regulations should be eliminated.

Copyright Reuters, 2011

Comments

Comments are closed.