All the prayer have been said and tears shed….and now it is time to return to the problems that are the reality…….a new week….a new jobs speech…..much like the one for the joint session…..
After the original Obama speech I said it was a good speech but that was all the further I would go…..and I said that his proposals were anemic and a waste of time for it would create few, if any jobs,,,,,,,in case you missed my analysis it can be read here…..http://wp.me/pclTd-5b9
So he makes it again….and again it is anemic and a waste of time…….let me explain why I say this….
1 The payroll tax cuts are going to cost more than anything else in the plan, but they will do very little to create jobs.
#2 Obama’s plan to extend unemployment assistance is going to cost about $49 billion but it is not going to do much to create any jobs.
#3 Obama is proposing $50 billion in “immediate” infrastructure spending and $10 billion for a new infrastructure bank that will be dedicated to raising private capital to finance infrastructure projects around the country.
#4 According to the fact sheet on the jobs plan released by the Obama administration, direct financial aid to state governments will prevent up to 280,000 teacher layoffs, and it will also help states retain more police and firefighters.
#5 There are a bunch of other minor things in Obama’s proposal such as “modernizing” public schools and helping more Americans refinance their mortgages, but it is not entirely clear how those things will help create a lot more jobs.
#6 The Obama jobs plan does next to nothing to prevent jobs from being shipped out of the country.
#7 The Obama jobs plan does nothing about the unfair trade practices that are absolutely killing America on the global economic stage.
#8 The Obama jobs plan does nothing about the gigantic mountains of ridiculous regulations that are absolutely killing small business in this country.
#9 The Obama jobs plan does nothing about the negative effects of Obamacare. Obamacare is going to absolutely slaughter U.S. businesses. Look, when most other nations do not burden their businesses with providing health care and we force our businesses to comply with the nightmare that Obamacare represents, who do you think has the advantage?
#10 The Obama jobs plan makes our national debt worse. Yes, Obama insists that his plan will be “100%” paid for, but he has not told us how it will be paid for.
(Once again I thank Michael Synder for all his research and his list….makes life easier for people like me)
Once again you heard about all the jobs…..we heard that it would be paid for……and once again it is an anemic attempt to placate the voices of the unemployed……this sounds good but it will do little to help put our people back to work.
In all fairness to Obama he did say in his speech Thursday that he would be releasing the details of his job plan this week, including how it will be paid for.
I will have more to say soon I hope on the negative consequences about a deeper cut in the payroll taxes he plans
Larry, this is just wrong….free trade agreements will create no jobs….look at what NAFTA did to the country……the tax cuts again….and even less money coming in and the deficits will get larger and they will scream for more……I think it is all so much of a con….
The tax cut should be for the middle class to get more money in their pockets to spend. Amen on the unfair trade practices.
The MC only! But it will encompass those that make enough to actually buy stuff…..the working class is losing ground even with a Dem prez…..sad days are closer than we think!
I agree with Spinny.
I’m sorry I don’t have more of a comment, but I literally just watched the video of the Republican debate with all the audience members cheering and clapping at the mention of a man dying because he couldn’t afford to pay for healthcare. I’m beside myself. I just can’t believe it. And I can’t believe I was ever involved with such a movement. Shame on me.
Terrance, like I said….at least you know the difference and are not blindly following……