Rather than unveil a new policy proposal to jumpstart the economy, President Obama will use an upcoming speech on the economy Thursday to argue that he needs four more years to undo the damage done by the Bush administration, reports Reuters. He will also argue that MItt Romney will return the country to the Bush's failed policies.
In an economic speech on Thursday that could set the tone for months of campaigning, Obama is not likely to unveil new ideas to boost the economy and create new jobs, according to Democrats familiar with the preparations for the address.
Instead, he will make the case that he needs four more years to undo the damage left by George W. Bush, his Republican predecessor in the White House, and argue that a President Romney would bring back the weak financial regulation and budget-busting tax cuts of the Bush years.
Obama already is making this argument to small groups of supporters.
"The last thing we want to do is return to the very policies that got us into this mess," he said at a fundraiser in Baltimore on Tuesday.