Obama's "Jobs" Program

[kaydee457 13]

Here we go again...The New, New Deal....This typifies the Democratic party. Bash corporate America, characterize them as villains and then "make jobs" for Americans through government subsidized programs and contracts. The source of money for these "jobs"? You, and me, and of course corporate America in the form of higher taxes........

There are numerous problems with these "jobs", and there's a reason to put quotes around the word in the context of this discussion for they aren't high value jobs, nor do they provide the kinds of employment that makes America competitive in the world markets. They are mostly low paying, unskilled, labor intensive jobs.

And so a vast number of Americans will be beholden to the Democrats for providing a "jobs" program.

We've been here before. It didn't work then and it isn’t going to work now.......

FROM THE FAUX "OFFICE OF THE PRESIDENT ELECT".........

WASHINGTON – President-elect Barack Obama wants to project fiscal restraint even as his economic team assembles a massive recovery package that could cost several hundred billion dollars.

A day after introducing the captains of his economic team and promoting a giant jobs plan, Obama on Tuesday was to lay out his budget belt-tightening vision. The dual images — big spender and disciplined budget watcher — were designed to give both political and economic assurances to the public, the Congress and the financial markets.

Obama also was expected to introduce Peter Orszag as his new director of the Office of Management and Budget, the White House office that serves as a funnel for federal agency budget requests. Orszag is the current director of the Congressional Budget Office.

Obama's economic team embodies what at first glance seem to be mutually exclusive goals. Timothy Geithner, Obama's choice for treasury secretary; Lawrence Summers, who will head the National Economic Council; and Orszag all have links to Robert Rubin, who as President Clinton's treasury secretary pushed for a balanced budget.

But all three will also be part of an administration that will drive deficits to new heights with an economic plan designed to save or create 2.5 million jobs and redirect the economy over the next two years. Economists from across the political spectrum, including some who have served as informal advisers to Obama, have put the size of an economic recovery package as high as $700 billion over two years.

Obama summed up the challenge Monday.

"The way to think about it is short term, we've got to focus on boosting the economy and creating 2.5 million jobs, but part and parcel of that is a plan for a sustainable fiscal situation long-term, and that's going to require some reforms in Washington," he said during a news conference in Chicago to introduce Geithner and Summers.

"To make the investments we need," he said at another point, "we'll have to scour our federal budget, line by line, and make meaningful cuts and sacrifices, as well, something I'll be discussing further tomorrow."

Obama is already starting in the red. The federal government reported a record deficit of $237.2 billion in October, which reflected only a portion of the $700 billion Congress approved last month to rescue the financial markets. The government's red ink has been rising over the past eight years, reversing a surplus achieved during the Clinton administration.

Leonard Burman, director of the nonpartisan Tax Policy Center, said Geithner and Summers reflect both the need for a large-scale stimulus to the economy and for fiscal restraint once the economy shows signs of improvement.

"What's good about the appointments that Obama has made is that it suggests, in ways that his campaign never did, that he really understands this," Burman

[one...two...tree 2,762]

[Teacher Mark 53]

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

[Ban Hammer 13,977]

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

i think you're jumping the gun with the accolades at this point.

[Teacher Mark 53]

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

i think you're jumping the gun with the accolades at this point.

Why not? There are some that want to doom the administration to failure before he even takes office. I'm just doing my part to keep a balance in the Universe.

[almaty 19]

you tell 'em brother joe

[Ban Hammer 13,977]

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

i think you're jumping the gun with the accolades at this point.

Why not? There are some that want to doom the administration to failure before he even takes office. I'm just doing my part to keep a balance in the Universe.

point. start your engines.

[Trumplestiltskin 5,791]

I do wonder if there will be a war in the not too distant future. After all - the Great Depression more or less lead to WW2.

[w¡n9Nµ7 §£@¥€r 123]

katie, is it your contention that our national infrastructure (tranportion, electric grid, etc.) and public transit systems don't need work after decades of neglect through underfunding?

[Trumplestiltskin 5,791]

katie, is it your contention that our national infrastructure (tranportion, electric grid, etc.) and public transit systems don't need work after decades of neglect through underfunding?

We almost wrecked our car at the weekend in another (new) pot-hole on the 22.

[w¡n9Nµ7 §£@¥€r 123]

katie, is it your contention that our national infrastructure (tranportion, electric grid, etc.) and public transit systems don't need work after decades of neglect through underfunding?

We almost wrecked our car at the weekend in another (new) pot-hole on the 22.

i fvckin hate 22.

[w¡n9Nµ7 §£@¥€r 123]

ETA: When the poor and unskilled lose their service sector monkey see monkey do work (answering and making phone calls, etc.), would Katie rather they hang out on the streets and make trouble or get to work fixing that pothole on 22?

[HAL 9000 96]

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

Or simply kaydee et al's impending implosion.

[HAL 9000 96]

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

i think you're jumping the gun with the accolades at this point.

Why not? There are some that want to doom the administration to failure before he even takes office. I'm just doing my part to keep a balance in the Universe.

And in your mission HAL 9000 would be pleased to assist.

It is ironic isn't it? A Republican sinks the economy and a Democrat has to come in a rescue us with massive Government work programs. WW3 is probably on the horizon.

i think you're jumping the gun with the accolades at this point.

Why not? There are some that want to doom the administration to failure before he even takes office. I'm just doing my part to keep a balance in the Universe.

point. start your engines.

Discovery is go.

katie, is it your contention that our national infrastructure (tranportion, electric grid, etc.) and public transit systems don't need work after decades of neglect through underfunding?

We almost wrecked our car at the weekend in another (new) pot-hole on the 22.

Duly noted. I will avoid it tomorrow if possible.

[EstebanTrabajos 7]

If there is a WWIII, I'm taking the side of the aliens, they already sent a message through the meteorite that fell in Edmonton. Tavo is scared, them aliens are tricky and high tech!