Obama unveils $33 billion tax credit to boost jobs

Reuters on Yahoo ^ | 1/29/10 | Steve Holland

[greeneyes]

LOL. Clever response-I like it.

[Ev Reeman]

Giving money to small businesses to hire more workers which the small businesses would have to pay their salaries and benefits especially if these workers became unionized which this administration is pushing not to mention hiring unskilled labor re: illegal immigrants that undercut Americans from taking those jobs. Somehow I do not think that plan is going to work...

[6ppc]

$30 billion divided by $5000 per job is 6.6 million jobs.

How does he define "NEW" job. Wanna bet a "NEW JOB" is a union job? I'll put money on it!

[greeneyes]

Only if you were going to hire someone anyway. Therefore, just another useless proposal, showing no understanding of the economics of supply and demand and what it takes to create a pro-growth business environment.

[Popman]

How about keep the $33 billion and simply cut the minimum wage for anyone under 18 years old to $5.00 a hour. I know, the horror of that idea!!!

That in it self should create jobs and start pumping money into the economy

[Grim]

If the country added 150,000 new jobs a month from now until November 2012, unemployment would still be 9%.

How likely is that?

Tax cuts like this don't mean a thing unless the mountain of excessive debt is removed from the private AND government sector.

Even less likely.

[FrankR]

I would say to draw the kenyan a picture, but I still don't think he'd get it.

Poking all this "one-time" money at employers expecting it to create lasting jobs is like walking on a treadmill for one day and expecting to lose 50 pounds...it's (here's that word that is the mainstay of all liberal/progressive thinking...) UNSUSTAINABLE.

"U"seems to be a popular letter for liberal/progressives; in addition to all of their policies being "Unsustainable", they are also plauged with "Unintended consequences".

They constantly seek the mythical land of Utopia, coming up with Unfunded mandates to try and achieve it.

When they are in charge, "Unployment" is always "Up", as are taxes.

They love "Unions", live off "Uncle Sam", and most of their women are "Ugly".

To that I say to all liberals everywhere, "Up yours" and "screw U.

[A message]

Let me get this right,,, you want me to pay a guy $30K/yer when my sales are down and layoffs eminent, to get $5K worth of tax deduction........ you are a MORON!!

Exactly

But none of this crap is really about creating jobs it's all about the perception that 0bamao and his statism buddies are, uh, trying hard to be seen doing something.

[6ppc]

I just stole that! LOL!

[NavyCanDo]

“Hired, then laid off two months later.”

Or one come in - another goes out

[jersey117]

it's all about the perception

Everything this administration does is all about the perception. Yes we can - deceive the people....

[RayChuang88]

How about passing even MORE radical tax reform along the lines of Steve Forbes' flat tax or FairTax and get a stimulus that could run over US$20 TRILLION from repatriated American-owned liquid assets and new foreign investment as we eliminate taxes on bank savings accounts and investments?

[MortMan]

Your post was Unexpected.

[Humble Servant]

Can someone either corroborate or debunk the number I heard for the “Oh-so-Popular” Cash for Clunkers program? I heard that each car sold cost the American Taxpayer $23,000. if true, we should be hammering that fact over and over and over again every time they try to fly this pie-in-the-sky crap in our faces. How much should the taxpayers expect to come up with, say, per $50,000 job? $350,000? This is SUCH total BS!!!!!!!!!!!!!!!!

[CharlesWayneCT]

THis might have been a good idea a year ago. Maybe Obama could explain why he waited a year.

[JerseyHighlander]

Left hand stealing from the right hand.

How much is the proposed IRS enforced fine if a employer does NOT provide health insurance to employees?