U.S. Senate pulls plug on Obama’s $447B job plan

U.S. Senate Shelves Obama’s $447B Job Plan – Bloomberg.

It is likely that congress will focus on debt-reduction rather than job-creation during the next year.

The more unemployment and suffering out there the more diminished the position of the president is coming into an election year. That  is how the republicans are calculating the odds.

But the president has put himself in that quandary.