(WASHINGTON) — President Barack Obama is set to announce a series of economic initiatives Monday aimed at helping struggling middle class families.
The proposals include a doubling of the child care tax credit, caps on student loan payments, and aid for families taking care of elderly relatives. The plan would also offer retirement savings options for workers who don't get an employer-based plan.
Democrats are trying to regroup to head off more populist anger and stem more losses of congressional seats in the 2010 midterm election.
President Barack Obama's poll numbers are also off — primarily because of the slow economic recovery and double-digit unemployment. A majority of Americans also have turned against health care reform, the president's signature legislative effort now in jeopardy.
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