Are you ready for some football? But first, a few words from the President of the United States of America.
Everybody from the President to the House to the Senate to presidential candidates has a plan….a plan to create jobs….those elusive things that is needed to make our economy strong again…..so far ALL ideas revolve around spending cuts and tax cuts…..and I mean ALL….Repub and Dem alike….the same ideas…..but tonight will be different….the Prez will offer a new way of thinking about job creation….just wait and see….
The prediction before the fact was……
President Obama plans tomorrow to unveil a $300 billion jobs strategy that will involve tax relief for workers and spending on public works projects such as road repair and school renovations to put America back to work, according to sources familiar with the plan. Half of the stimulus will come from tax cuts, including a year-long extension of a Social Security payroll tax reduction for workers and a possible cut in payroll taxes paid by employers, according to Bloomberg. The plan also involves the extension of unemployment benefits, offering job training for the unemployed, and a program to prevent teacher layoffs, reports the Los Angeles Times.
And after spake the Prez we have…….the heavens opened up and the healing light from above shown on the country and its people…….(pause)……(sorry, I cannot go on….that was too mushy even for my sarcasm)……..okay, the points leaked and quoted above were very accurate…..
I have been re-reading the speech…..because there is something in it that is disturbing to me…..please read it for yourself……http://tpm.ly/pK5qXo
I do not see these moves that will do much to lower unemployment much…..it is full of tax cuts……..more spending cuts……and then there is the part about helping small business (tomorrow I will explain small business)……he talked anout infrastructure without ever mentioning the term infrastructure……I do not see this as anything but a proposal that will get Repub support….it is just empty in my mind…….
But the part that concerned me the most was Obama’s insistence on the passing of the free trade agreements…..this from his speech…..
“Now it’s time to clear the way for a series of trade agreements that would make it easier for American companies to sell their products in Panama, Colombia and South Korea — while also helping the workers whose jobs have been affected by global competition. If Americans can buy Kias and Hyundais, I want to see folks in South Korea driving Fords and Chevys and Chryslers. I want to see more products sold around the world stamped with three proud words: “Made in America.”
All I can say is to look at what NAFTA did to American jobs……stuff I have read about the Korean agreement would all the South to sell American goods to the North, something that is forbidden by Congress….the ones for Panama would allow corporations to hide money and stuff with extremely difficulty for the US to access the info for prosecutions……Free Trade Agreements in the past have done NOTHING to help American workers….why would labor support them?
Obama sounded forceful……Obama looked determined………Obama looked presidential and strong……but I believe that it was in appearance….ONLY!
He’s made offers (some) that republicans would look bad disagreeing with. They’re concerned about their reelection hides so it may have an impact to do something. The Tea Party folk within the GOP won’t budge on the part that requires them to eliminate tax subsidies and loopholes for the wealthy, even if it means that money will transfer over to help small businesses.
I agree with you also about the move on extended NAFTA. It’s only benefit is if it will force countries to improve working conditions, wages and benefits in those countries for workers there which impacts costs that will make them more competitive with our goods. But I don’t see this being enforced even if these countries agree. It needs to be a strong agreement that insures these worker improvements stay in place or the U.S. will pull out of the deal. I don’t see this labor-friendly action happening either.
Morning Larry…….watch for tomorrow’s post it is about the small business thing…..
Free Trade agreements are sold as labor friendly but not one of them has done anything but assist the outsourcing of jobs……the problem is that the corporations basically write the agreements and we know what they think of the American worker…..
I’m just glad he stood up to the Republicans and wants to stick it to em. Let them make the hard decisions, “Do I want a massive construction project in my district, or should I stick to my principles?”
Hansi….they have 2 things on their minds……cut government and defeating Obama….and the rest of us can go to Hell….
Okay read other take aways from the speech…….http://ow.ly/6pSsA
Doesn’t have a Slurpee’s chance in hell to be implemented. Maybe that’s a good thing with the free trade agreement.
Spinny…..after going thru economic school….some please explain how massive spending cuts and tax cuts and a deficit debate will create jobs…..it comes down to math…..and it does not add up…and yet Americans are still buying this BS math….why is that?
Here is what I was going write for an analysis……
Prez enters….pressing flesh….smiles….kissing….pointing…..applause…applause….stand up….sit down……applause…..yad…yada…God bless America……(the end)
Yes. The new freetrade agreement will require that companies have to wait until children are 5 before they
enslavehire them…..
Sounds about right…after all those countries do have massive sweat shops……something our economy is driven on……