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First it was tax cuts that were not really tax cuts - now it's a jobs bill that are won't really produce jobs.
PROMISES, PROMISES: Jobs bill won't add many jobs (http://hosted.ap.org/dynamic/stories/U/US_WHAT_JOBS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT &CTIME=2010-02-10-13-37-43 - broken link)
It sounds great: A big jobs bill that would hand President Barack Obama a badly needed victory and please Republicans with tax cuts at the same time. But there's a problem: It won't actually create many jobs.
Even the Obama administration acknowledges the legislation's centerpiece - a tax cut for businesses that hire unemployed workers - would work only on the margins.
The bill does this...
Instead, it would extend existing help, such as unemployment payments for those whose benefits have run out, and a subsidy for health insurance premiums under COBRA, the federal program that allows workers to keep their company's health insurance plan after they leave their jobs.
And as usual, it must be done in a hurry...
Senate Majority Leader Harry Reid has said he wants to pass the $80 billion bill quickly, before Congress takes a break for Presidents Day next week.
This is a major indictment of the whole idea of government creation of jobs.
The nonpartisan Congressional Budget Office recently concluded that reducing payroll taxes for companies that add workers or increase hours would be among the most efficient ways for the government to create jobs. However, in showing how difficult it is to create jobs through tax policy, CBO estimates that such a tax break would generate only eight to 18 full-time jobs per $1 million in tax breaks.
Do you understand this? The CBO this method is among the most efficient ways for the government to create jobs. How efficient is it? It would generate only eight to 18 full-time jobs per $1 million in tax breaks. How efficient is that?
Please - get out the way and leave the creation of jobs to the private sector.
probably they want that 80 billion to buy some jobs before the next election. i find it equally interesting that they are still sitting on some of the last money that they printed/ borrowed.
These guys have never run a business - and it shows. To think business will hire people because you throw money at them is ridiculous. There needs to be a reason to produce products before owners will hire. That reason is usually because people are buying the products - and if no one is buying, what's the point of hiring someone to do nothing?
For someone who has lost 8 million jobs in one year to tell us he wants to create jobs is a total joke.
Why did he wait an entire year to worry about jobs?
He is way to late, far to many people have already lost their homes, cars and filed bankruptcy in record numbers in 2009 thanks to him working on the WRONG project.
FloridaSandy, it has already been proven that this scam artist Obama has made sure money from the stimulus does NOT go into stronghold Rep areas and any money that has been spent is being sent to dem areas to try and buy his vote in 2012.
FloridaSandy, it has already been proven that this scam artist Obama has made sure money from the stimulus does NOT go into stronghold Rep areas and any money that has been spent is being sent to dem areas to try and buy his vote in 2012.
Texas has lost a armored vehicle contract to a company in Wisconsin.
The shutting down of the space program - possible 30,000 job loss in Houston - not to mention south Florida.
Hey, saggy will tell you the bailout is working "exactly as planned"... thats just sad...
There are some people I just ignore based on always being wrong.
Face it, things are looking up!
We have an election coming soon and that hope and change will finally be for real. Then the Obama Kool-Aid Party Club Members will be gone because they wont be able to handle the lame duck getting smack down every day by the rep's who will be controlling a part of congress.
Do not worry, the end of liberals running things in American is about over.
They only make up less then 20% of Americans and have no chance because Obama screwed it all up for them.
My Mom called Sunday from IL (was my son's 14th b'day). During the conversation she told me that Lee's Home Furnishings (which has been in business in IL for 2 decades) is shutting down and closing their doors for good.
I've been hearing about more and more old brick and mortor businesses shutting down, lately. This past year has to be a record setting year for businesses going out of business.
First it was tax cuts that were not really tax cuts - now it's a jobs bill that are won't really produce jobs.
[....]
Please - get out the way and leave the creation of jobs to the private sector.
why do you think the lending rate has been set so low all this time?
why do you think "the tax break that wasnt really a tax break" () was initiated?
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) was initiated?
