BREAKING NEWS

Obama makes job, tax case to big donors

By REUTERS

SEPTEMBER 16, 2011 05:31

WASHINGTON - US President Barack Obama made the case for his re-election and his jobs plan at two big-ticket fundraisers on Thursday, emphasizing the importance of higher taxes to pay for his $447 billion proposal.

"We can pay for it in a way that is responsible and that has everybody sharing in the burden," Obama told the guests attending the first of two intimate $35,800-per-couple Democratic events.

In an effort to jump-start the stalled US economy and cut the 9.1 percent unemployment rate, Obama made his case to Congress a week ago for the plan to generate jobs. The speech was crucial to Obama, whose hopes of re-election next year are largely tied to the state of the economy.

Obama said he was confident he would win a second term, although he acknowledged some of members of his party have "voiced concerns and nervousness" about the weak economy.

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