During his liftetime, Steve Jobs managed to sell hundreds of millions of Apple products. Now that he’s gone, President Obama hopes the late Apple founder can help sell the controversial $447 billion American Jobs Act.
President Obama invoked Mr. Jobs during a speech in Pittsburgh held hours before the Senate’s key procedural vote on the jobs bill. The President referenced the public “outpouring” of support after Mr. Jobs’ death last week and cited the founding of Apple as an example of the types of entrepreneurial activity the act would support.
“The story of America’s success is written by its entrepreneurs, and we just lost one of the greatest entrepreneurs in Steve Jobs. … Entrepreneurship’s how we’re going to create new jobs in the future,” President Obama said.
The President called the vote on the jobs bill a “moment of truth” for the Senate.
“This jobs bill encourages small businesses to spend and to hire. The Senate should pass it today,” he said.
In the speech, President Obama characterized the bill as a plan that will turn the economy around by taxing America’s richest citizens to fuel public works programs and incentives for small businesses.
“Would you rather maintain these tax breaks for the wealthiest few or should we give tax breaks to the entrepreneurs … or tax breaks to middle class families?” President Obama said.
In spite of President Obama’s attempt to capitalize on Mr. Jobs’ considerable mojo, the Senate is expected to reject the American Jobs Act and the President has already acknowledged the fact he may need to break up the bill into smaller parts to get it through Congress