(Reuters) — President Barack Obama said on Tuesday there were a range of policy options available that could create up to a million new U.S. jobs, in remarks ahead of a major economic speech that he will deliver next week.
Obama must boost growth and bring down unemployment to be confident of winning another White House term in the November 2012 general election. Economists are skeptical he will get Congress to agree to significant new spending on jobs.
“We don’t have magic bullets, but what we do have, I think, is the capacity to do some things right now that would make a big difference,” Obama said in a interview with popular radio talkshow host Tom Joyner.
The White House says details of the job creation proposals Obama will unveil next week are still being worked out and it has yet to announce an exact date or location for his speech, although Obama hinted at some of the ideas he would put forth.
“There is no doubt that we can take steps that would mean the economywas growing a percent or a percentage and a half faster. That could mean half a million to a million additional jobs,” Obama said.
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