President Obama today will push Congress to act on his jobs plan and credit Senate Democrats for taking action on jobs, according to a senior administration official.
The president is also likely to endorse a "millionaire's surtax" -- a rate increase on those earning $1 million or more.
Obama will speak live at 11 a.m. ET.
President Obama on Thursday continued to push his jobs bill and to attack Republicans for putting politics first. At a White House news conference, he said the American people have developed a "cynicism" that anything will get done in Washington.
"It's now up to all the senators and hopefully all the members of the House to explain to their constituencies why they would be opposed to common-sense ideas that historically have been supported by Democrats and Republicans in the past," the president said.
Obama said Wall Street protests are "giving voice to a more broad-based frustration about how our financial system works." Ref. CNN
President Obama's jobs bill stalls in the Senate, effectively killing the measure in its current form.
An unofficial tally taken by reporters and the press gallery staff showed 50 votes in support of the bill and 48 against. Technically, the vote is being held open so that Sen. Jeanne Shaheen, D-New Hampshire, can weigh in.
The cloture vote required at least 60 votes to pass the Democratically-controlled chamber.
The controversial measure, which the president has been touting in speeches and rallies across the nation, was thought to have had little chance of passage in the Senate. Ref. CNN
President raised more than $70 million for his re-election effort in third quarter:
In an early morning email to supporters, Obama campaign manager Jim Messina announced the campaign had raised more than $70 million between July and September. Ref. Source 7
Obama's Top 2012 Fundraiser to Raise $1 Billion:
Barzun, the former executive at CNET Networks Inc, leads the effort to raise as much as $1 billion for the 2012 re- election bid amid a struggling economy and Obama approval ratings at the lows of his presidency. Ref. Source 5
Obama's leadership: Americans have lost 'ambition' and 'imagination'
Nothing like evoking the great Jimmy Carter when trying to inspire and energize American entrepreneurs to kick start the economy again. Not sure if Obama recalls, but Carter's rhetoric led to prolonged malaise and persistently high unemployment. Why is Obama mimicking one of the worst Presidents in American history? Ref. Source 4
Whoops! Obama breaks promise to not hire lobbyists
If you remember way back to the 2008 campaign one of President Obama's main talking points was that he wouldn't hire any lobbyists and that he was going to end corruption yadda yadda yadda. It all sounded nice in theory, but not surprisingly Obama proved to be like every other politician before him. Full of crap. Yup, that promise has gone down in a blaze of glory. Ref. Source 9
Obama Approval Stuck at 43%, Tanks With Independent Voters
The number one goal for the pro-life movement in the United States in 2012 is defeating pro-abortion President Barack Obama, and a new Gallup survey shows his support continues to remain at steady low levels.
Obama's job approval rating averaged 43% last week according to the new Gallup poll - identical to his rating each week since late October. Obama remained in the low 50s for much of August and September in terms of his disapproval rating but that has dropped slightly to 48-49 percent in the most recent Gallup surveys.
Still, with more Americans continuing to disapprove than approve of the president's job performance, the numbers show the pro-life movement has a strong opportunity next year to defeat Obama and to, once again, give unborn children a president who may shape the Supreme Court in a way that they could finally enjoy legal protection.
Gallup's analysis of its survey indicated that Obama's weekly average approval rating remains depressed relative to the 45% to 50% readings seen for much of the first half of 2011.
"His rating had previously dropped to 43% in April before rebounding in early May, to 51%, on the news that American forces had killed Osama bin Laden. His weekly approval rating remained high throughout May, but then gradually decreased in June and July before first reaching his term low of 40% in August," Gallup notes. Ref. Source 6