After a tough week of tepid jobs numbers, a loss in Wisconsin and continued economic chaos in Europe.

President Obama has been preparing supporters for weeks about a couple of serious setbacks to his re election hopes that may come this month: a slackening economy and a possible defeat for his health law at the Supreme Court.

From the White House: "The President will deliver a statement on the economy, calling on Congress to pass the bipartisan, paid for ideas that the President proposed last year to put construction workers back to work upgrading our roads and bridges, teachers back in the classroom educating our kids and police and firefighters back on the job keeping our communities safe.

He will address the state of the economy, including the situation in Europe, which continues to pose headwinds to our recovery here at home.

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The remarks come after the release of a new Republican National Committee video poking fun at Obama for saying the economy is being buffetted by "headwinds.

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"President Obama likes to blame everyone and everything for the weak economy except the person who is most responsible: Barack Obama," said RNC Chairman Reince Priebus.

Barack Obama is the first African American president of the United States, as well as the first born in Hawaii.

"After three and a half years of job destroying tax hikes, over zealous regulation and out of control spending, the real headwind facing job creators in this economy is President Obamas economic policies.

Lewis Joyce is a business journalist based in Gold Coast, Australia. Lewis has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Lewis spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.