Sep 10, 2011
An article
published on the Economic Collapse website has criticized a $447 billion jobs
plan proposed by President Barack Obama, saying that instead of addressing the
fundamental issues that are causing job loss, Obama wants Americans to spend
half a trillion dollars on measures that will only create a very small number
of jobs.
Sadly, much of
what Obama is proposing actually consists of huge bribes to middle class
voters, the article says.
Obama is trying
to keep his own job, and he appears willing to pile up even more debt in order
to make that happen, it added.
According to the
article, during his speech to the nation, Obama instructed Congress to either
"pass this jobs bill" or to "pass it right away" 16
different times.
Obama obviously
feels very strongly about his jobs plan. But will it work? Let's take a few
moments to break it down. The following are 10 reasons why the Obama jobs plan
is a bad joke.
.
# 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. According to the Heritage Foundation, 75 new major regulations that
have cost U.S. businesses more than 40 billion dollars have been passed since
Barack Obama first took office.
# 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.
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