Obama's 'to do' list for Congress: jobs, mortgages

Associated Press Modified: May 8, 2012 at 1:16 pm •  Published: May 8, 2012
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ALBANY, N.Y. (AP) — President Barack Obama said Tuesday that only Congress can take the "bold action" needed to spur job creation, as he unfurled an election year "to do" list for lawmakers.

Obama's action plan for Congress centers on a series of economic initiatives he has already been pushing for months, including eliminating tax incentives for companies that ship jobs overseas and promoting new tax credits for small businesses and for companies to develop clean energy.

None of the items on the president's wish list has previously gained any traction in Congress, and there was little indication that they would in the six months between now and Election Day.

Speaking at college science complex in Albany, N.Y., Obama said Congress should not use the election as reason to block his proposals.

"I know this is an election year but it's not an excuse for inaction," Obama said. "Just saying no to ideas that we know will help our economy isn't an option."

With the nation's unemployment rate stubbornly stuck above 8 percent and millions of Americans out of work, Obama has tried to portray congressional Republicans as obstructing his economic agenda. He has also sought to tie Republican Mitt Romney to GOP leaders in Congress, arguing that the likely GOP presidential nominee would simply rubber-stamp their policies.

"The truth is the only way we can accelerate the job creation that takes place on a scale that is needed is bold action from Congress," Obama said.

Obama's "to do" list for Congress also includes legislation creating a Veterans Job Corps to help service members returning home from Iraq and Afghanistan find work as police officers and firefighters.

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