President Obama’s Jobs Proposals
Posted by azleader
Among the first things to be mentioned in President Obama’s jobs speech next week will be an extension of unemployment benefits and an extension of the payroll tax holiday.
There is only one problem with these two proposals… they don’t create enough jobs to spit on.
The U.S. Department of Labor released new unemployment figures today. The President may mention them in his speech next week. Initial new claims for UI benefits were 409,000. That is down from the 4-week average of 410,250.
The bottom line is the job situation remains the same – TERRIBLE! All economic indicators point to more where that came from, possibly for years to come.
In large part, the two Obama job creation proposals are symptomatic of the failure of this President and this Congress to get our economy back on track again.
Unemployment Insurance And Jobs
Should we extend unemployment benefits AGAIN to help those who are out of work? Absolutely!
Part of our greatness as Americans is we always extend a helping hand to those in need. It’s in our nature to do so and there are millions in need. That is something to be proud of.
There will be those who argue that some people take advantage of government assistance and they should just get off their duffs and find a job. They would be correct. There are such people. Its true there are those who readily take advantage of social programs in what has become a sad, new American phenomena… a get-something-for-nothing mentality. Make the rich pay, they say; they have plenty of money. That is something to be ashamed of.
But there are far more folks who aren’t taking advantage of the system than those who are. It is for that group we need to extend unemployment benefits at the added cost of interlopers.
The question isn’t whether or not we should provide unemployment benefits to the unemployed; the question is how can we, as a nation, help folks find an honest day’s work for an honest day’s pay?
Extending Unemployment Benefits Is Not Job Creation
Extending unemployment benefits doesn’t create jobs. It barely helps tide us over until we can find work. That is all it was ever intended to do.
Lets extend benefits, yes, but don’t call it job creation like Nancy Pelosi ignorantly proclaimed when she said, “Unemployment checks are the fastest way to create jobs“. It isn’t and the logic used by Democrats to say it does is faulty.
An employed worker’s spending contributes everything that an unemployed worker’s UI check does to the economy and much more. The employed have far more disposable income AND they pay taxes!
Though workers and businesses contribute to unemployment insurance those funds are long since exhausted and we are paying today’s benefits with money our children and grandchildren will have to pay back with interest. It gets tacked right onto the national debt. That cannot go on forever.
We need to stop thinking of UI checks as a panacea for job creation and find the unemployed paid work!
Politicians like Nancy Pelosi, who clearly do not have a grasp on pragmatic reality, are part of the problem in Washington DC. We Americans need to vote them out of office asap before they do further damage to this great nation.
The Payroll Tax Holiday
Government taking a smaller bite out of our paychecks so that all Americans have more cash in their pockets to spend is definitely the right idea. It can and will help stimulate the economy and help create jobs.
Its the way President Obama is proposing to do it that sucks muddy canal water.
President Obama proposes to reduce what Americans are squirreling away for their social security retirement, put that back in their pockets and call it a holiday. That is just plain wrong. That is NOT the way for big brother to put more money in people’s hands to spend. No one worried about their Social Security future who thinks about it for two seconds would agree with that.
There has GOT to be better ways to put more money into people’s wallets.
Social Security is in deep financial do-do and speeding it on its way to insolvency is a part of the Obama job creation plan we could all do without.
It’s not coincidence that President Obama is proposing to temporarily extend the payroll tax holiday through a presidential election year. Everyone else in DC will go right along with him, too, and look you strait in the eye and tell you they are doing it for you!
It appears in his new jobs plan that President Obama will be recycling some of the old ideas he’s already tried before to fix the economy that have not worked.
This will be something like the 6th extension to unemployment benefits since Obama took office and second extension of the payroll tax holiday.
And what do we have to show for it?… a 4-week average of 410,250 NEW claims for unemployment benefits as of this very day.
In Washington DC they think that if you throw enough money at a problem it will go away. Guess what, we’ve thrown $4 trillion dollars at this problem just since President Obama and Congress took office and it ain’t getting the job done.
So what are we gonna get?… proposals to do more of the same!
You might wanna remember that the next time you step into the ballot box. After all, you’ll be driving there with gas payed for out of your Social Security retirement!
Other related Social Security/payroll tax holiday articles can be found here:
“Payroll Tax Cut: Victory for Obama?“
-Azleader, Inform The Pundits!, 12/27/2011
“Payroll Tax Cut: How Many Jobs?“
-Azleader, Inform The Pundits!, 12/21/2011
“2-Month Payroll Tax Cut Extension – Huh? What??“
-Azleader, Inform The Pundits!, 12/19/2011
“2012 Payroll Tax Cut Holiday Extension – Democrats vs. Republicans“
-Azleader, Inform The Pundits!, 12/15/2011
“Payroll Taxes: Good News/Bad News“
-Azleader, Inform The Pundits!, 12/9/2011
“Payroll Taxes… Change of Venue“
-Azleader, Inform The Pundits!, 11/22/2011
“The Systemic Demise of Social Security“
-Azleader, Inform The Pundits!, 11/15/2011
“Don’t Extend the Payroll Tax Holiday“
-Azleader, Inform The Pundits!, 8/21/2011
“Extend the Payroll Tax Cut Holiday… into 2012?“
-Azleader, Inform The Pundits!, 7/1/2011