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Posted on 08/17/2011 9:35:16 PM PDT by Steelfish
Obama Readying Plan To Boost Jobs, Cut Deficits President trying to convince skeptical voters, Wall Street about his economic leadership
Seeking a jolt for a wilting economy, President Barack Obama will give a major speech in early September to unveil new ideas for speeding up job growth.
8/17/2011 WASHINGTON — The White House on Wednesday said President Barack Obama would unveil fresh ideas to jump-start the economy and cut deficits, but details offered so far appeared to be a compilation of old proposals.
Obama faces serious doubts among Americans about his economic leadership and is now trying to convince skeptical voters and Wall Street that he has a workable plan to keep the United States from dipping back into recession.
The White House said Obama will give a speech after the September 5 Labor Day holiday to outline measures to boost hiring and find budget savings that surpass the $1.5 trillion goal of a new congressional deficit-cutting committee.
According to senior administration officials, Obama will renew his call for Congress to extend a payroll tax cut — a measure the White House says would encourage business to increase hiring but that economists say is likely to make little difference to an economy that is struggling.
The officials said Obama's plan also includes new ideas to accelerate job growth in the short term. The national unemployment rate is stuck above 9 percent, a major impediment to Obama's chances for re-election next year.
The official also said the growth package would include a mix of tax cuts and infrastructure spending as well as some measure targeted at the long-term unemployed. That would likely be a training and education plan.
(Excerpt) Read more at msnbc.msn.com ...
He hasn’t and won’t do anything possitive for the economy or the nation as a whole. This is just more stall and spin while things continue to deteriorate.
Evil bastard.
Yup. This will require trillions of tax (or borrowed) dollars for new “investments” and stimulus spending for shovel (leaning) jobs. Hold on to your shorts.
Exactly.
http://en.wikipedia.org/wiki/Civilian_Conservation_Corps
I think he’s got an updated version in mind to help “rebuild” America.
This September or next September?
Yeah right, just as soon as our “black clown” comes in from vacation.
Stole that from Rick Perry, sorta.
Uh, shouldn't that be, "the failed policies of the past"?
The White House said Obama will give a speech after the September 5 Labor Day holiday...
This September or next September?
Same speech both Septembers.
Just watch—more talk and pie in the sky words about “Green Jobs” and Union workers—more high taxes and nothing to show for it. It will be a give away to blacks and minorities in a shameless bid for votes. Who will listen to him —few, Who will believe him? None.
Well it will employ a number of speech writers and prompter operators.
“Infrastructure spending”, isn’t that the same as “Shovel ready”?
Creating jobs and getting the U.S. economy needs only a few things that should be able to be done with relative ease.
1. Cut regulations, gut the runaway agencies and repeal the idiocy of the past twenty years.
That would probably mean at least 20,000 - 30,000 (200,000?) regulations off the backs of business, mostly small business who provide the majority of jobs.
Cut the Fed. payroll, unless it’s truly a security issue (printing money, military, FBI, etc., privatize it and save TRILLIONS!
2. Domestic energy production, go at it like we mean it, with early NASA style research intensity.
Get the regulations lightened up to merely inconvenient rather than impossible, then private money would pursue it, subsidize it if that’s really what it takes.
Every dollar we spend would save us more in the long run, and reduce funding to the worlds zealots who want to destroy us.
Get gas under $1.50 a gallon, get rid of the “Fuel Surcharges” on shipping of goods.
Lower energy cost get the priet of goods down, wages begin to cover expenses again.
3. Cut the corporate tax rate to a cap of 12%.
At the current 35% international business cannot return profit back to the U.S., they are forced to use EVERY loop-hole to reduce their burden to about 20% or less and they have tons of cash trapped offshore.
A 12% cap would reverse the trend for every corporate office to flee the U.S., we would actually attract other countries headquarters to set up here!
but first.........A VACATION!!!!
His internal polling shows he is in the tank interms of the voters view of him and the economy, that is why the bus trip before vacation time, They will put together another stimulus plan and call it a jobs plan,’
If the pubbies block it they will blame the coming recession on the bill not being passed.
The pubs need their own plan IMO they should go bold and consult with the Presidential candidates. I would go with a Flat Tax @ 17% myself, the Forbes plan specifically tax cap gains as income and get rid of corp taxes. Business wil start to relocate of course Obama will veto it and Reid won’t allow a vote. Set the terms of the debate.
Let’s see. (1) Revenue Enhancement; (2) Funnel lots of money to unions; (3) Funnel lots of money to community organizers.
“”infrastructure spending”?”
It’s not spending, it’s an investment! So it doesn’t count against the deficit.
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All of this is just to string the idiots along; long enough for them to really get a chokehold on the country. We are being overthrown and this is a dog and pony show to keep the masses ‘thinking’ that ‘something’ is being done.
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