Dissecting the President's Jobs Bill

Friday, October 07, 2011

U.S. President Barack Obama speaks during a news conference in the East Room of the White House October 6, 2011 in Washington, DC. Obama spoke about the $447 billion jobs bill he has sent to Congress. (Alex Wong/Getty)

On Thursday, President Obama spoke at a press conference from the White House on his jobs proposal, calling it "an insurance policy against a possible double-dip recession." Obama hopes to fund the plan via a plan pitched by Senate Democrats this week, to tax Americans with incomes above one million dollars per year. Senate Leader Harry Reid plans to bring the jobs bill to the Senate floor next week.

Lakshman Achuthan, co-founder and CEO of the Economic Cycle Research Institute, assesses the president's jobs plan.

Guests:

Lakshman Achuthan

Produced by:

Hsi-Chang Lin

Comments [2]

Angel from Miami, FL

The government started growing since the mid 1990s. And both parties had their hands in that. Though it was the Bush administration which sent palettes of US dollars to Iraq and then "lost" the money. I guess we were so flushed we could throw money away. Maybe the our nation didn't really have any use for that money. Perhaps the national debt wasn't as "massive" as to warrant any concern in the eyes of "listener".

Oct. 17 2011 10:11 AM
listener

The federal side is losing jobs because of massive government over hiring with over paid salaries and benefits in the last three years with the permission of a Democrat Congress contributing to the massive debt.
This irresponsible party they were throwing with other's people's money could not go on forever.

Oct. 07 2011 10:19 AM

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