WASHINGTON (CNNMoney.com) -- President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.
The problem: Obama needs help from Congress to pass anything meaningful. But Congress is preoccupied with getting elected in November and unlikely to pass any new economic policy initiatives, experts say.
And nobody in Washington wants to go near the politically-toxic word "stimulus," which conjures up images of last year's massive and controversial $787 billion package.
Still, the pressure is on the administration to do something. Friday's job report was the latest in a series of lackluster economic reports. Government data showed a net loss of 54,000 jobs, with private sector hiring unable to make up for government job cuts. This comes after reports of plunging home sales and a downward revision in the Gross Domestic Product numbers last week.
"The general political environment is slowly shifting back to -- yes, we need to do more," said Mark Zandi, chief economist for Moody's Economy.com. "The recovery is not where it should be and things can be done to help."
In a brief speech on the economy Friday, Obama touted the private sector job growth as he promised a new package of ideas to juice the economy.
"We are confident that we are moving in the right direction, but we want to keep this recovery moving stronger and accelerate the job growth that's needed so desperately all across the country," Obama said.
Some of the ideas tossed around the White House range from federal spending on infrastructure projects to a permanent extension of the research and development tax credit for businesses.
What the White House will ultimately propose next week is still in the works.
When reporters pelted Press Secretary Robert Gibbs with questions about the economy during his Thursday briefing, Gibbs was quick to knock down any suggestion of "second stimulus" proposals.
Gibbs said several times during the briefing that any administration proposals would be "targeted," adding that he didn't anticipate anything "that rivals the extraordinary measures that the President has already taken."
Treasury Secretary Tim Geithner seems equally interested in skirting the word stimulus. While huddling with White House aides in the West Wing Thursday night, he was overheard saying there will be "no second stimulus" when the president unveils a legislative package to send to Capitol Hill.
The problem is, there's little political will on Capitol Hill to get much done, especially anything that could add to deficits.
The Senate, in particular, has been mired in stalemate, with Democrats unable to break Republican filibusters, including against an initiative that has drawn bipartisan support, giving tax breaks to small businesses. (Although Democrats may have secured the votes needed to pass that measure when they return the week of Sept. 13.)
Congressional Democrats remain skeptical they can attract enough Republican support to pass any new economic measures, especially with the November elections around the corner.
"Republicans have blocked each and every attempt we've had to provide a jump-start to the economy, and I have no reason to think they're going to change at this point in time," said Jim Manley, a spokesman for Senate Majority Leader Harry Reid, D-N.V.
Capitol Hill veterans agree Congress won't be able to muster enough votes to pass anything new the rest of the year, beyond an extension of expiring tax cuts.
"For the short term, the message is, 'Don't expect much from Washington," said Brian Gardner, a Washington analyst with investment firm Keefe, Bruyette & Woods, said in a research note.
-- Staff Writer Annalyn Censky and CNN's Ed Henry contributed to this report.
The chain's new owner, 3G Capital, spent $4 billion to acquire a mess: failed pricing strategies, misguided advertising campaigns, and a costly store revamp. More
President Obama on Friday reiterated that he plans to release some new job-creation measures next week. But new ideas could fall on deaf ears in Congress. More
The iPod Classic isn't getting annual updates anymore like its cousins, but the immense size of its hard drive keeps it alive. More
A former Ford engineer teams up with an Italian auto parts supplier to clean up motorcycle emissions in Asia. More
Mary Kate would like to work only part-time. But can her family afford it and still maintain thier lifestyle and savings? More
Screen name (Select one with 3-12 characters; Numbers and letters only)
Enter your e-mail address below and we will send you an e-mail with a link and code to reset your password.
Already have the reset code?
Reset code
New password
Password
Forgot password?
Not a member yet?
Screen name
Password
Type what you see in the grey box
CNNMoney will use the information you submit in a manner consistent with our Privacy Policy. By clicking on "sign up" you agree with CNNMoney's Terms of Service and Privacy Policy and consent to the collection, storage and use of this information in the U.S. subject to U.S. laws and regulations. (learn more)
This service is temporarily unavailable. Please try again soon.
Thanks!
Please check your e-mail and click the link to confirm your membership. Then, you'll be ready to participate in all activities and conversations on our site.
Go to your Profile page
Be the first to know when there is breaking financial news with timely alerts delivered straight to your inbox.
Fortune's Philip Elmer-DeWitt brings you Mac news from outside the reality distortion field.
Fortune columnist Anne Fisher answers your career-related questions.
Money Magazine's Walter Updegrave answers readers' toughest financial questions.
Fortune managing editor Andy Serwer keeps tabs on Wall Street
Read Full Article »