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Archive for Saturday, December 5, 2009

Obama says his jobs plan will ‘jump-start’ hiring

December 5, 2009

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— Even as he heralded the first unemployment drop in months, President Barack Obama began putting the finishing touches Friday on a fresh job creation proposal he’s planning to send to Congress next week.

“I still consider one job lost one job too many,” Obama told a community college crowd in Allentown. “Good trends don’t pay the rent.”

The president plans to outline his list of ideas for a new jobs bill in a speech from Washington on Tuesday. Among the plans he’s likely to endorse is an expansion of a program that gives people cash incentives to fix up their homes with energy-saving materials, senior administration officials said.

Obama also is leaning toward new incentives, either through the tax code or some other means, for small businesses that hire new workers and toward new spending for building roads, bridges and other infrastructure, said the officials. They spoke on condition of anonymity because the package, and Obama’s speech, are still being crafted and could change.

The president also is open to a federal infusion of money to cash-strapped state and local governments, considered among the quickest and most effective — though expensive — ways to stem layoffs. Officials stressed that Obama probably won’t mention in his speech every job-stimulating idea he will eventually support.

“We need to grow jobs and get America back to work as quickly as we can,” Obama said Friday at Lehigh Carbon Community College. “On Tuesday, I’m going to speak in greater detail about the ideas I’ll be sending to Congress to help jump-start private sector hiring and get Americans back to work.”

Democrats on Capitol Hill have been pushing for a jobs bill for weeks and are pleased that Obama is getting on the same page. Under pressure from House Speaker Nancy Pelosi, D-Calif., the White House and Treasury Secretary Timothy Geithner are now signaling that tapping unused Wall Street bailout funds to pay for a jobs measure is OK.

Because of growing anxiety about federal deficits, Obama has been stressing that government spending shouldn’t be increased too much. During his jobs discussion with CEOs and academics at the White House on Thursday, he said it is primarily up to private business to create large numbers of new jobs, because “our resources are limited.”

But using the bailout money to pay for a jobs bill would require issuing billions of dollars in new federal debt. And White House press secretary Robert Gibbs said Friday that option is being actively considered.

Comments

jayhawklawrence 4 years, 4 months ago

I think we should focus on achieving energy independence. I see no way that this can be done based on just free market forces. Then all we will have is the status quo. The status quo will mean more wars in our future and more conflict over oil.

The government has to help this along and that won't sit well with Republicans who are trying to get elected on the fear platform ("Socialism/Communism") or Democrats who are trying to get elected on the green hype/Nirvana/Vegan platform.

My solution is to kick them all out if there are any reasonable alternative candidates at the next election.

I see no reason to send 1 cent to any other country to help them develop green technology. If they want to buy it from us they can get in line like any other customer. Stop giving our jobs and money away! The wall street con artists have been dismantling our country for their short sighted and greedy selves for too long. Too much regulation? Hell no. We need more people watching these guys!

I see no reason to believe either political party. I think only a fool would do that.

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Flap Doodle 4 years, 4 months ago

The sooner Dear Leader moves back to his mob-financed mansion in Chicago, the better off America will be.

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TomJoad1 4 years, 4 months ago

The “community organizer” and chief needs to go back to helping petty criminals dodge taxes. He is in over his head.

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Lee Eldridge 4 years, 4 months ago

Jobs bill = Stimulus 2

But since Americans have said they DO NOT want stimulus 2, then Obama is going to call this one a "jobs" bill. Unfortunately they've already proven to us once they have no clue how to help stimulate the economy or create jobs. More money washed away. More debt to pay off later.

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mr_right_wing 4 years, 4 months ago

Yeah, well Barry-boy says a lot of things, most of them lies, and a majority of the others are things he hopes we'll forget!

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beobachter 4 years, 4 months ago

Tom, have you ever in any of your previous or current personna's posted anything based on real facts?

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Tom Shewmon 4 years, 4 months ago

And as I've said over and over, you really can not blame Obama (for being elected). He just showed up to the party and Axelroid and NBC took care of the rest.

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jaywalker 4 years, 4 months ago

Faith is waning. Heard this past week that Obama's administration has shattered the record for least private sector experience in Presidential history: 8 percent! Previous low was the Kennedy admin. w/ 37 percent. Not confident that people who've never worked in the private sector can fix it.

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Tom Shewmon 4 years, 4 months ago

....forgot a zero.......about 10000 r.p.m.'s!!

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Tom Shewmon 4 years, 4 months ago

Obama: The Anti-Reagan........and it will make Carter seem like an economic genius. Get ready folks for a Misery Index that'll make eyeballs spin counter-clockwise about 1000 r.p.m.'s.

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Mixolydian 4 years, 4 months ago

From the article:

"Obama also is leaning toward new incentives, either through the tax code or some other means, for small businesses that hire new workers and toward new spending for building roads, bridges and other infrastructure, said the officials. They spoke on condition of anonymity'...

Come on democrats, you can say it.....tax cuts to spur growth and jobs work. Be proud and loud, you don't have to cloak it in terms of "incentives through the tax code" or speak annonymously.....

You act like a proven way to create jobs is a shameful thing.

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commuter 4 years, 4 months ago

Georgia - What is STRS??

Also, I work for a fortune 200 company and despite how much I would like to expand our staff, I receive guidelines from my bosses. In order to expand staff, I have to present a great case. there are some positions I can replace without any questions but there are a lot I can not. Also, it is not a service industry, so I don't resell people's time.

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Stuart Evans 4 years, 4 months ago

maybe we should have looked more closely at the community he organized previously....But I believe the media was busy digging through Sarah Palin's underwear drawer.

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sunny 4 years, 4 months ago

This man has no clue what he is doing.

But...we knew that!

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Tom Shewmon 4 years, 4 months ago

Hmmm, the nice young lady who checked out my stuff at Wal-Mart yesterday said they were getting ready to axe 80-100 people this week in that store alone------a very, very busy Wal-Mart too. Really? Wal-Mart? Right during the busiest season of the year?

I don't think we've even begun to see the numbers like we're going to see 1st Q 2010.

Like I've said, Dems are going to be squirming in their nice leather chairs next November if UE is hovering at 9-10%------------or higher????

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georgiahawk 4 years, 4 months ago

Commuter, I did and do expect more out of my work staff. That is how we survived and even grew our profits this past year. When going after work you are not successful on all of the bids you are putting out, right now we are at about 30%. Every once and a while you get a lot of successes that come back at the same time, in order to satisfy customers (the most important business opportunity any business has) you need to get as much out of your employees as is possible and then you have to hire. If you want to play with the big boys you got to role the dice every once and a while.

If all the theoretical crap that STRS mentioned is stopping you from expanding when you can, then get up on the porch and let the big boys play, your mommy is calling you!

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commuter 4 years, 4 months ago

Georgiahawk- Maybe you don't need additonal workers but neeed more work from your current workforce or use a temporary service for help. I can tell with certainty that many large employers are asking more from their current workforce. Recruiting, hiring, and training workers is expensive, so sometimes it is more effective & efficient to push the work to your current staff.

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georgiahawk 4 years, 4 months ago

You expand because the work demand is there. If you have orders to fill, you need workers to do it. It's that simple.

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SettingTheRecordStraight 4 years, 4 months ago

If you were a business owner, would you be hiring right now?

Or would the threat of higher taxes, unnecessary and unpredicatable climate change legislation, and the government's plan to take over health care keep you from hiring new employees or expanding your business?

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