Does infrastructure and unemployment need to be address? YES!!! But will this plan pass in its entirety?? NO!!! I do not see Republicans approving of the infrastructure spending. They might go for the tax break for small business and advancing free-trade with South Korea, Columbia and Panama. I have to agree with Obama on this point we he says he wants to see Fords in these countries. Why not?! We see foreign cars everywhere we turn in America. I do not see his tax break of I think $1500 helping to improve the economy much. I know he feels that people will spend the money and boost the economy, but I really don't think they will use it for what he is hoping. They will probably pay bills or put it in saving.
Basically job creation needs to happen but I do not see Congress passing this bill as the single complex plan Obama is hoping for.
One huge problem has to do with all the rules and regulations Obama has written. He has turned rule-making into an assault on American businesses and the jobs they create. Right now, 4,257 new regulations are in the works, 219 of which will cost over $100 million annually — 15 percent more than last year. http://www.suntimes.com/news/otherviews/7371593-452/how-obamas-rules-hold-back-chicago-business.html
ReplyDeleteFor example, he is regulating the dust created on farms and is requiring farmers to weigh the fertilizer carried out of the barn. I saw those two pieces on FOX but can’t find it on the FOX website.
@ Kamal - I agree with your "mental recession" idea. Even if people have money they are afraid to spend it because we don't know what is going to happen, or when we might need that money. People would rather save it just in case. Business I think feel the same way as you said. They might have the money to hire more employees but they are scared. What if the economy gets worse, then they must lay the employees off. Its more of a "better to be safe then sorry" mind set.
ReplyDelete@ Lucy - I have not of the regulation of dust created by farms. I will have to check that out. Thats going a little overboard!
ReplyDelete@Lucy
ReplyDeleteRegulation can be a hindrance, but that alone is not a cause at all. No matter who is president, if people are scared to spend money or hire, we will not make progress. For example, Bush spent trillions of dollars (including regulation spending)--much more than Obama, and businesses were still successful. Also, I would love to read that source about that regulation. But anyway, I would have to say we are in a mental recession. Obama (or any other president) can't get us out of this mental recession unless we get ourselves out of it. A president can motivate us, but it really is up to businesses to start hiring and us to start spending again.
http://www.opednews.com/articles/Bush-vs-Obama-on-Spending-by-Roger-Shuler-110727-120.html
http://www.reuters.com/article/2008/08/12/idUS192062+12-Aug-2008+PRN20080812
I would have to agree that something needs to be done, but this probably isn't the most helpful for what we need. While I applaud the president's effort, I am tired of tax breaks and incentives rather than actual movements towards developing the economy or the plight of unemployment. This is how the media and politics work together to distract Americans from relevant issues. Even now, we are arguing about how ineffective this plan is rather than demanding progressive labor reforms. I saw a sign somewhere in a protest that said "we don't need tax breaks, we need JOBS!" My sentiment exactly.
ReplyDeleteKatie,
ReplyDeleteReal life concerns that I guess I don’t understand. I know those that have had to give up everything in order to put a roof over their heads. The people that I know did not have the proper retirement plans, or even a plan past their next paycheck. I think Washington should lead the pack and set the example. Do what every other household ahs done in order to make ends meet; stop spending money. Throwing money at our economy might help create a few jobs. However I would also like to say, not being able to find a job is probably the hardest and most stressful time for any citizen of the United States. The political sides of another jobs act is something I would not like to get into as I would like to see anything that helps create jobs. However, at some point we need to truly get the national debt on a budget just like every other household in America. Spend it if you have it, not if you can barrow it.
Adriana - I totally agree! Tax breaks only help so much what we really need are jobs!!
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