Obama was a bit more lively than usual (which wouldn’t be hard) in presenting his plan. What do you think of it? Will Republicans vote for it? Will it work or will it be more money down the stimulus drain? Will it help 50+ year old office workers for whom construction work isn’t an option? Will it help laid off factory workers whose jobs are never coming back no matter how much money is pumped in? Will this help companies who don’t hire more and produce more because demand is gone because of the recession? And so on? Or is the fed gov doing anything pointless at this point with this being an attempt to prop up Obama’s low ratings for next year’s election? Sound off!
The much-anticipated jobs plan President Obama laid out Thursday evening borrows a page from the tax package he negotiated with GOP leaders in December. In order to get the stimulus spending he wants, Obama proposed to give Republicans tax breaks they’ve supported in the past — with a promise not to increase the deficit. The $447-billion plan isn’t particularly novel, relying on familiar tax breaks, infrastructure projects and grants to state and local governments. The details, though, may not matter as much as how lawmakers respond to them. The bitterly partisan brinkmanship in Washington over the debt ceiling weakened the public’s already shaky confidence; reaching bipartisan agreement on even a modest jobs plan could help undo that damage. It’s a rare moment of political convergence for the president and his critics.
Here’s the text of the speech.
The blog asks “will it work” but fails to give that as a choice.
The possibility President Hoover Obama’s policies can fail, doesn’t compute here…
Its too traumatic.
We must wait till 2013, when it sets in Obama is gone…that his policies ruined the country…if anyone can still afford to blog then.
Obama did a pivot. A year ago he was saying … ‘My plans are working. The economy is recovering. It’s slow. Everybody is impatient, but hang on.’
He doesn’t say that anymore. His new message is entirely new: ‘I have a new plan now. It’s going to work. The Republicans are going to stop it. And on Election Day next year, if we have 9 percent unemployment or worse — a second recession — it’s them, not us.’
That is his entire reelection campaign message. …
A better question is: Are jobs obsolete?
#61 But Hoover is your hero. I’ve heard you defend him before.
Not even TeaDud can keep all his crazy straight.
#64 My apologies, I must be remembering someone else. TeaDud has compared Obama to Hoover before.
What a bunch of moronic old stupid men, putting in time for their pensions, clapping.
To what i don’t know?
An earthworm would of made more sense and logic.
“Pass it right now!”
This will go down with Pelosi’s sneer “You will have to pass the (Obamacare) bill to see whats in the bill”
If Americans are stupid enough to let this circus show go on – from both parties then they deserve all they get
For the sake of their kids – and indeed the world i hope not
Up here in Canada on a famous comedy show “Wayne and Shuster” many years ago they had a skit involving the politicians in the Canadian House of Parliament
In the skit they slammed their fountain pen covers on the desks, screamed and acted like the buffoons – that these American politicians on both sides mainly are
The amazing part is that the politicians were so shocked to see the reflection in the mirror so to speak that at least for the public impression they toned themselves down
Americans need to do a lot more
They should be phoning and emailing their local representatives demanding that its over
What stupidity – who could go on spending in their household like this
The only thing (most except Obama who is on a mission while having a party) fear is loss of re-election
#59 nope. A tax cut without a corresponding spending cut equates to more deficit. More spending to borrow money for the shortfall.
Get that through your skull. The equation is simple and linear. Surely one of your engineers has an abacas in his cubicle.
#67 You never lose a chance to show how stupid are you. Kudos.
Let me know when your engineers build an abacas.
#65 Hoover was a Republican progressive, and his manipulation of the market caused the crash.
Calvin Coolidge showed how recoveries are made, slash the size of government radically, with a buzz saw…lay 1/2 or more of them off.
Lower capital gains, rescind wholesale regulations on business.
Then the roaring 20s happened, lifting the country from a great recession.
Until progressives screwed it up.
#69 Um, bullshit.
#69 Dream on Teabagged Dude. Coolidge had nothing to do with ‘roaring 20′s’.
It was converting from a wartime to peacetime economy – exactly what Obama is doing – exit the GOP wars and focus money inward with building shit right here.
People spent money for better roads (infrastructure) and sheeple discovered Florida.
Henry Ford invented the Model T so thank Jeebus that Obama saved the US auto industry to recreate the next generation US assembly line. Construction of roads and highways — pouring fresh public funds into the economy. Yep, that’s my boy Obama.
THAT, is what brought economic prosperity during the roaring 20′s. What we need to do is cleanse the Congress of stiff mofo’s like Boner pull the teabagger weeds before they get too big.
#67, Glad to see you finally got it right. You have to cut spending when you reduce income. Kudos.
This tax cut is reducing income to the government.
Where is the spending reduction?
You should be against this plan. A $4,000 tax cut without an appropriate spending decrease. Obama is spending more money! Isn’t this what everybody is griping about?
#72 “Glad to see you finally got it right. You have to cut spending when you reduce income. Kudos.”
Yup! When you don’t do both, it’s called spending. Bush didn’t do both so …..
How can reducing income and spending both be spending? Two different things. Heck, they’re even spelled differently.
Admit it. You’re full of more shit than a Christmas goose.
But let’s assume you’re right. Is Obama doing the Bush thing now? Reducing income without reducing spending?
#74 this is painful.. One last time, slowly… Let’s get you trained on the first one before we go to the next
Consider…
Gov Spending = Tax Revenue + Deficit Borrowing
Note the equation is balanced unless you default!!
Here’s the tricky part so pay attention: Deficit Borrowing is an expense placed against the Chinese Credit Card
Now, assume some GOP’r reduced Tax Revenue as a xmas bonus to wealthy billionaires. To keep the equation balanced, you either reduce actual spending on the left or get a loan from the China MasterCard on the right.
Since W elected not to reduce gov spending on the left side for this gift, he had to ask China for difference. I call that borrowed spending.
I submit we withdraw this relatively new xmas bonus, restore that tax revenue and subsequently pay back that borrowed spending to China.
Gov Spending = Tax Revenue + Deficit Borrowing
Glad to see you understand it is deficit borrowing and not deficit spending and that it is separate from tax revenue.
See, it wasn’t that hard now was it?
Forbes article says it all.
Obama’s Jobs Plan: He Should Have Stayed On Vacation.
Back from a vacation that, with the economy’s health in mind, was cut well too short, our President has returned energized, ready once again to inflict ideology on the economy. Ever certain of his transformative skills, the President continues to miss the essential truth known to many of us, but totally lost on the political class. Specifically, Washington can’t create jobs, but it certainly can destroy them.
http://forbes.com/sites/johntamny/2011/09/11/obamas-jobs-plan-he-should-have-stayed-on-vacation/