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Obama to issue new proposals on job creation, debt reduction

StillBallin75

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Obama to issue new proposals on job creation, debt reduction - The Washington Post

ALPHA, Ill. — President Obama has decided to press Congress for a new round of stimulus spending and tax cuts as he seeks to address the great domestic policy quandary of his tenure: how to spur job growth in an age of austerity.

Obama will lay out a series of ideas in a major address right after Labor Day, when he and
a largely antagonistic Congress will return from vacation, the White House said Wednesday.

The president is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that would target the long-term unemployed, according to administration officials and other people familiar with the matter. Some ideas, such as providing mortgage relief for struggling homeowners, could come through executive action.

I think this is moving in the right direction. Personally, I believe a jobs plan that would put the American economy back on track would primarily involve a huge infrastructure overhaul and public works program. While this will necessarily involve more spending, this is spending that we have to do sooner or sometime later down the road, regardless. The state of our infrastructure is quickly falling behind that of other industrialized countries, and our current infrastructure (i'm talking about transporation, power grids, information, etc.) is simply costing us more and more as our population grows and it just sits there deteriorating.

I believe any sound plan to curb the debt/deficit will involve both cutting unnecessary spending, but at the same time our economic growth must be on a healthy footing in order to be a sound foundation for deficit-reduction. I believe that the way to attack to the deficit is to yes, find some savings, but also to fix the economy first; as opposed simply austerity, as many conservatives would have it.
 
Sadly, it has no chance of passing the House.
 
Personally, I believe a jobs plan that would put the American economy back on track would primarily involve a huge infrastructure overhaul and public works program.

Are these "shovel-ready" jobs?
 
He should have done this much earlier. He's not striking with the iron is hot.
 
Sadly, it has no chance of passing the House.

Agreed. He know this. He's left with throwing up a hail mary from his own 10.
 
Agreed. He know this. He's left with throwing up a hail mary from his own 10.

True enough, but it's good that he's doing it. America needs to see that he's trying and that his efforts are being killed by Republicans.
 
I don't think America supports any more "stimulus" plans (not that we are ever likely going to see an actual plan) from Obama.
 
I don't think America supports any more "stimulus" plans (not that we are ever likely going to see an actual plan) from Obama.

America doesn't always know what's good for it. Americans are very concerned about unemployment and stimulus is the only thing that can turn that around.
 
I don't think America supports any more "stimulus" plans (not that we are ever likely going to see an actual plan) from Obama.

Perhaps so. "Stimulus" has gotten a bad rap during the past decade, but from a purely pragmatic point of view (not speaking with my ideological blinders on), this has to be done sooner or later, and is a great chance to put folks, especially the long-term unemployed, back to work. And the good part is, the federal government and taxpayers don't even have to foot the entire bill, as public-private partnerships can be formed and private capital can be used to help fund these projects.

Also keep in mind, it was massive stimulus spending that got us out of the last boom-bust cycle as well.
 
Obama to issue new proposals on job creation, debt reduction - The Washington Post



I think this is moving in the right direction. Personally, I believe a jobs plan that would put the American economy back on track would primarily involve a huge infrastructure overhaul and public works program. While this will necessarily involve more spending, this is spending that we have to do sooner or sometime later down the road, regardless. The state of our infrastructure is quickly falling behind that of other industrialized countries, and our current infrastructure (i'm talking about transporation, power grids, information, etc.) is simply costing us more and more as our population grows and it just sits there deteriorating.

I believe any sound plan to curb the debt/deficit will involve both cutting unnecessary spending, but at the same time our economic growth must be on a healthy footing in order to be a sound foundation for deficit-reduction. I believe that the way to attack to the deficit is to yes, find some savings, but also to fix the economy first; as opposed simply austerity, as many conservatives would have it.

How about instead of trying to spend our way out of this with "stimulus spending" we try tax cuts, spending cuts, and suspend the tons of new regulations his administration has been pushing through.
 
How about instead of trying to spend our way out of this with "stimulus spending" we try tax cuts, spending cuts, and suspend the tons of new regulations his administration has been pushing through.

I support overhauling and simplifying the tax code and getting rid of unnecessary regulations, but some regulations are necessary. I actually support targeted spending cuts promoted by the Simpson-Bowles and later Gang of Six plans, (which both exceed those in the current Budget Control Act, btw). Nevertheless, while those things will help the economy get back on track, I don't believe those things alone will be enough to get rid of the chronic unemployment problem that we've currently had on our hands. Recessions that result from financial crises/credit busts are a bitch, and historically haven't been solved simply by having hands-off government.
 
You should always a shovel ready when ever Obama speaks because it's always Bovine Scatology.

View attachment 67115028

Sure, you can tell it's bullsh*t by looking at the hundreds of ribbon cutting ceremonies for completed stimulus projects presided over by Republican congressmen who claim that the stimulus accomplished nothing.

Like this one:

hanna-300x225.jpg

"Rep. Richard Hanna (R-NY), a freshman who won last year with Tea Party backing, campaigned vigorously against President Obama’s stimulus plan, a legislative package backed by his opponent, former Rep. Mike Arcuri (D-NY). Hanna’s ads pounded Arcuri for voting for the “failed stimulus.”

But on Tuesday, Hanna seemed to be celebrating a successful stimulus program. Starting in 2009, workers funded by the stimulus refurbished a jobs placement and innovation facility, called the REACH Center, in downtown Rome, NY. Owned by a nonprofit called Rome Up and Running, the REACH Center won the stimulus grant to employ several dozen local youth to make renovations to the building. The investment paid off. Now, the REACH Center is open for business and has landed two tenants.

As the first tenant for the REACH Center moved in this week, Hanna was on-hand for the celebration. In fact, the Rome Observer snapped a picture of Hanna attending the ribbon-cutting ceremony. No word though if he gave thanks to the “failed stimulus” for making it possible."
 
"Wednesday afternoon, Sen. Mike Crapo (R-ID) attended a ribbon-cutting event for the Health West clinic in Aberdeen, Idaho. Crapo praised the clinic, which will specialize in assisting low-income patients in rural areas, saying, “What is happening right here in Aberdeen today is one of the core pieces of the solution that we need in America today.” What Crapo did not mention in his praise for Health West is that most of its funding came from the stimulus package that he opposed:


During a brief speech at the ribbon-cutting ceremony, Sen. Crapo said the clinic is essential in providing efficient high-quality services in a rural community. He said the facility helps address two disturbing trends in U.S. health care — skyrocketing cost of services and limited access to quality care.

“What is happening right here in Aberdeen today is one of the core pieces of the solution that we need in America today,” Crapo said. [...] Stephen Weeg, executive director for Health West in Southeast Idaho, said the clinic hopes to partner with the larger medical hospitals to bring in specialists once a month. Green light for the clinic did not come until stimulus money was made available.

Weeg said stimulus money from the U.S. Department of Agriculture provided $500,000 of the $660,000 project. Additional money came from the U.S. Department of Health and Human Services. About $74,000 was raised locally, with about $35,000 left to raise.

At the time of the passage of the stimulus bill, Crapo called it “an avalanche of special funding, much of which is unrelated to stimulating our economy as a whole.” It now appears that the senator realizes, at least implicitly, that it has provided funding to important projects like the West Health center that he calls “one of the core pieces of the solution that we need in America today.”
 
"Wednesday afternoon, Sen. Mike Crapo (R-ID) attended a ribbon-cutting event for the Health West clinic in Aberdeen, Idaho. Crapo praised the clinic, which will specialize in assisting low-income patients in rural areas, saying, “What is happening right here in Aberdeen today is one of the core pieces of the solution that we need in America today.” What Crapo did not mention in his praise for Health West is that most of its funding came from the stimulus package that he opposed:




At the time of the passage of the stimulus bill, Crapo called it “an avalanche of special funding, much of which is unrelated to stimulating our economy as a whole.” It now appears that the senator realizes, at least implicitly, that it has provided funding to important projects like the West Health center that he calls “one of the core pieces of the solution that we need in America today.”

always helpful when you post a link, Adam
 
But first, of course, Obama must go on vacation.

He hasn't had one in over a week.
 
But first, of course, Obama must go on vacation.

He hasn't had one in over a week.

Is he going to take off the whole month of August, like Bush did?
 
[edit: post deleted by author -- bad information]
 
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But first, of course, Obama must go on vacation.

He hasn't had one in over a week.

Well, gee, why don't we all get occupations that turn our hair white in two years, that would be a blast, wouldn't it?
 
Well, gee, why don't we all get occupations that turn our hair white in two years, that would be a blast, wouldn't it?

yep, I want a job where dozens of radio and TV show hosts spend virtually every minute of their on-air time critiquing every breath I take, accusing me of everything from being a terrorist to the anti-christ. Good gig.
 
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