Details of Obama's Jobs Bill

Tuesday, September 13, 2011

Congress received President Obama's jobs bill yesterday, giving them an up-close look at the details of it. Some Republicans are skeptical of the plan, but Obama is urging for a speedy passage of the bill, in order to get unemployed Americans back to work as soon as possible.

Todd Zwillich, The Takeaway's Washington correspondent, has the details of the plan, and Louise Story, Wall Street and finance reporter for The New York Times, talks about the impact this jobs bill could have on the jobs market.

Comments [10]

Rich from Iowa

Obama's plan is to finance this primarily by increased taxes (decreased deductions) on what he considers "the wealthy". Why don't we get it? The Constitution does not grant power to the government to legislate (or exec order) either for or against ANY particular sector or segment of our society. It has been going on for over 100 years, now, and look where it's brought us. More of the same will just hurt more. Check your world history (if you're not afraid to). Every tyranical government has used population fragmentation as a means of splitting its citizens into groups of a size more manageable for their own ruthless groups (Gestapo, SS, KGB, FBI, CIA etc.). These groups are started as "enforcers", but soon evolve into ruthless thugs. And it all starts with slurs and groundless accusations like the ones you folks are making. You are history being repeated.

Oct. 26 2011 04:37 PM
Angel from Miami, FL

Haven't we learned from history? Bring back the Works Progress Administation. Everyone knows that nothing works without infrastructure and that government is the only provider of established infrastructure. So let's begin a new program to rebuild the systems we need to build up existing and new businesses.

If you're waiting for private industry to do this your out of your mind. They only do enough to maintain the appearance of profitability. Remember it's not the production of tangible goods as much as the valuation of shares that dominates the modern business world.

Much like Las Vegas the financial world will continue to bend the law to its will. We should just step out of that world and just tax it. If for nothing else Wall Street exists to be fed upon like the golden cow it is.

Oct. 13 2011 02:15 PM

VickiAZ. here is somewhere you can read the full text. The bill is really not controversial in and of itself. These are all reasonable points, a republican administration could pitch a close copy of it in a year not running up to election and it would pass easily.

As much as we can all say that cutting spending is neccesary, federal money keeps our roads and schools open, these things have to be paid for. A republican administration would not survive if they truly sought to stop "spending money we dont have" The really funny thing is that extending the payroll tax cut is 40% of the "cost" of this bill. Ever notice that tax cuts only cost money when a democrat proposes them? When a republican proposes tax cuts, it is spun as though the gov. is giving away money. Will republicans support the extension of a bill and a tax cut that actually favors the middle class over of hugely profitable corporations? I'm not betting on it.

Oct. 11 2011 05:41 PM

It is amazing how some people continue to criticize the spending habits of the government and do not speak about the blockades of others... If I have 500.00 today and I come up with a plan to pay certain bills and invest in others, but all i get to do is pay bills doesn't my plan fall through.. With that being said When republicans decide to break down an original bill it is not because they think the bill is overpriced or will not work, they want it to fall apart.So they pick at it until nothing is left, thus we have a failed bill, But not because Obama's team could not create one that would work!

Oct. 10 2011 10:36 PM
Vicki from AZ

Where is the jobs bill? Why are the American people kept from seeing what the president is really proposing? I have searched the web and cannot find out the truth! Does anyone have access to the actual proposed legislation?

Oct. 05 2011 11:42 AM
North Carolinian from Georgia

It seems some of you have already past judgement before you've read the details. That's sad! That's why when you lose your jobs or fall on hard times, nothing will be there to help you out.

Read what's in the bill! you might be surprised.

Stop the madness and be apart of a solution and not the problem.

Sep. 14 2011 08:02 PM
Labs111 from Lake Mary, FLorida

Obama can't create jobs by spending more money the country doesn't have!
Just like "ObamaCare" was not about providing people with "health care", this proposal he is pushing has nothing to do with "putting people back to work"! All he is doing is using this forum to spend more money, create more debt, and have people pay much more in taxes. His goal is to BREAK America and then serve as it's dictator.

Sep. 13 2011 12:55 PM

What is being ignored in the post jobs speech discussions is that this new spending binge that we must pass "PDQ" comes the same week the Solyndra offices were being raided after they received $535 million in federal loan guarantees.

Sep. 13 2011 11:40 AM
Kathi Cardenas

Why am I not surprised that the government-sponsored highway jobs program is being fully supported, while the tax credits extended to private employers for hiring is not? The highway program is equal to federal welfare, paid for by diminishing tax dollars and temporary for the duration of the contracts. Here in Massachusetts, the TJTC (targeted job tax credit) program saw great success in the 80's and early 90's when we used it for the Welfare-to-Work Initiative. Employers could hire 4 staff and literally hire the 5th free of all costs with that program, resulting in long-term benefits. Why we listen to ANYTHING that stockholders have to say is beyond me; they are not in support of this, stating that employers "will only hire if there is a demand for the product". Welllll...imagine that! Heaven forbid that they should develop a social conscience instead of squeezing corporations dry for their almighty dividends. As far as I am concerned, it was they who put the economy in the mess it's in with their Gordon Gecko-ization of Wall Street, so no one really cares what they have to say now. I certainly don't.

Sep. 13 2011 11:12 AM

Have we learned nothing from stimulus one? This is just more expensive political theater as proved by the DNC which is using the joint session of Congress
speech in a campaign ad which may violate ethics rules.
That ethics violation is worth discussing in place of the obligatory "confusion" about "Congress" which was a complaint curiously not very common last year when the Democrat leadership was spending trillions without even offering a budget detailing how they plan to pay for it which is what led to this crisis.

Sep. 13 2011 09:41 AM

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