Obama unveils election year ‘growth and jobs’ budget :AFP

The trainee and financial note.

President Barack Obama proposed a budget Tuesday for the coming fiscal year that has less to do with managing US finances than with stemming his party’s losses in congressional elections.

The mildly expansionary $3.9-trillion plan has little chance of passing Congress but Obama will use it as a platform to underline his populist voter-friendly narrative ahead of the polls in November.

Obama’s Democrats have almost no chance of winning back the House of Representatives and are in grave peril of losing the Senate — a scenario that would guarantee a miserable last two years in office for the president.

A Washington Post/ABC News poll on Tuesday revealed the challenge, showing that of 34 states with Senate races, 50 percent of voters favor Republicans and 42 percent favor Democrats.

Obama, however, sought to stay positive and reiterated the vision that saw him re-elected in 2012, telling supporters in a speech at…

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