obama’s jobs plan speech will be heard in about a week, here are some of the ideas on his agenda:
Implementing a new-hire tax credit. Businesses would receive a $5,000 credit for hiring a new employee, and part of that employee’s salary would be subsidized.
Is this redistribution? do you feel private businesses should be subsidized by taxpayers?
Extending jobless benefits. Some argue that extending jobless benefits does little to alleviate unemployment because it discourages people from looking for work. White House Press Secretary Jay Carney, on the other hand, called it “one of the most direct ways to infuse money into the economy.
Carney says people will spend it, not save it because they don’t earn a paycheck…so most of these people will just sit back and live off the backs of other working people as long as democrats forks them over a paycheck to stay home.
Creating an “infrastructure bank.” President Obama has called on Congress to create an “infrastructure bank” that would make loans to support highway and rail construction projects.
just what we need another govt ruin entity, I smell another Freddie mack, and Fanny may…Let’s hope Congress blocks this one…
Ratifying pending trade deals. Finalizing long-stalled pending free-trade agreements with Korea, Panama, and Colombia would create a stronger platform for exports and in turn boost hiring in the United States… Opponents argue they would outsource jobs.
Providing aid for teachers. The White House is reviewing a plan to provide aid to cities and towns to help them grow the number of teachers on their payrolls. Proponents say the decline in state and local workers contributed to the rising national unemployment rate; opponents charge that the plan would amount to unnecessary spending.
Providing job training for long-term unemployed. Obama has praised a Georgia program that provides eight weeks of unpaid training at a local company for people receiving unemployment benefits. The Wall Street Journal reports that a similar program is likely to be included in the president’s new jobs initiative. Macroeconomic Advisers called such a plan expensive and “unrealistic” to quickly replicate nationwide.
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