Predict Obama's Jobs package....

[Franzl]

Doesn't matter. Not going to change his poll numbers in the long-run, and the Republicans will block literally anything that could possibly create a single job, so that they can destroy the economy as much as possible and ensure Obama's defeat.

Obama's economic policies have failed. The notion that refusing to attempt the same failed policies one more time is really sabotage is a rather bizarre conspiracy theory.

Not that I like what Obama has presented....but if you want to talk about trying the "same failed policies"......do "tax cuts, tax cuts, tax cuts" ring a bell?

[TheDeadFlagBlues]

This will do very little for the economy if it somehow passes, 300 billion is a drop in the bucket. The payroll tax cut is useless, infrastructure is good but not enough to make a large impact or really make the long term investments that we need and extending unemployment benefits won't solve any problems for the long term unemployed who need a way to fill the gaps in their employment history to find jobs that fit their level of training and experience.

I like this package will shift the narrative from the deficit to jobs though. It's a step in the right direction.

[TheDeadFlagBlues]

Here's a hint. Nothing about energy (and I mean the kind that turns a real profit - not the uneconomical green kind which doesn't, and will need big government subsidies or mandates which will just be like another sales tax) and lots about shoveling more money to state and local governments (and we know where that goes).  It is good that the Pubbies are there to tank this ugly duckling in its bathtub.  I assume Obama knows its DOA.  Just why he thinks it will round up votes for him escapes me. Hey, let's do shovel ready projects unlike last time, run up the deficit some more to keep public employees employed and pensioned, and extend unemployment benefits some more to give folks an incentive not to look for work, and cut payroll taxes when what business is really looking for is some assurance about the long term.  IMO it sucks. Hopefully he will have one or two more useful ideas to present, but I am not holding my breath. Yes, yes, the trade deals, which are fine, but a fart in a windstorm.

Why do you neo-liberals assume that all investment in energy needs to turn a profit immediately? That isn't the purpose of long term planning for a future of natural resource shortages. The purpose is to get these industries jump started, so be it if they don't produce profits for the first decade. That assumes that I buy into your premise that green energy is uneconomical, which it certainly isn't. You're cherry picking data points if you state its uneconomical.

I do think that it would be more productive for the government to invest more in energy research as opposed to existing "green" energy companies though. The private sector just doesn't have the ability to properly invest in long term research into theoretical/experimental areas.

[RogueBeaver]

More of the same: infrastructure spending, green jobs, payroll and UI extensions. Nothing worth a JSC.

[courts]

extending unemployment benefits won't solve any problems for the long term unemployed who need a way to fill the gaps in their employment history to find jobs that fit their level of training and experience.

Don't worry, even if they do that they'll still have to deal with being turned down for being 'overqualified.'

[Marokai Backbeat]

This will do very little for the economy if it somehow passes, 300 billion is a drop in the bucket. The payroll tax cut is useless, infrastructure is good but not enough to make a large impact or really make the long term investments that we need and extending unemployment benefits won't solve any problems for the long term unemployed who need a way to fill the gaps in their employment history to find jobs that fit their level of training and experience.

I like this package will shift the narrative from the deficit to jobs though. It's a step in the right direction.

It's not fair to say that it's totally useless, but yeah. The real drop in the bucket is the fact that the vast majority of the proposal is just an extension of UI benefits and an existing tax cut, while a small portion of it is infrastructure spending, that has to go through a middleman anyway.

It's the stimulus all over again. Makes a big add to the deficit, looks big if you don't actually think of what's in it, but when you look at what's actually direct spending, it's miniscule and ineffective.

And even still, what the White House fails to realize is that, while giving money to private contractors for infrastructure projects sounds good on paper, it's crazy inefficient when it comes to dollars per job created. What's necessary is direct employment on the federal government's payroll, end of. If private business and infrastructure contractors are not creating jobs at the necessary level, then they should be employed directly from the government as public jobs. Tell them to knock down buildings and rebuild them. Make them build fancy looking parks or tourist attractions in the middle of nowhere. Make the re-pave roads even if they don't need it. Make them dig ditches, who cares. It gives individuals a reasonable wage that they can buy things with, start businesses with, invest, whatever. It's way cheaper, it's incredibly easy to do, and could start much faster.

But of course it's never going to happen. It would be nice, but American politics isn't driven by policy, it's driven by the game. Winning elections.

[Badger]

Just redo this speech. Recovery summer 2010.

http://www.politico.com/news/stories/0610/38654.html

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

Yes, back when the economy was actually showing signs of recovery (moreso earlier then that). But don't worry: Boehnernomics--the true ruling national policy at this time--at the national and state level has squelched that.

Keep that eye on the prize, Republicans.

[krazen1211]

Just redo this speech. Recovery summer 2010.

http://www.politico.com/news/stories/0610/38654.html

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

Yes, back when the economy was actually showing signs of recovery (moreso earlier then that). But don't worry: Boehnernomics--the true ruling national policy at this time--at the national and state level has squelched that.

Keep that eye on the prize, Republicans.

What the heck is Boehnernomics? Spending cuts at some undetermined point in the future that has not yet gone into effect?

Amazing how the entire laundry list of 2009-2010 legislation still exists to this day, and some still complain...

http://www.washingtonpost.com/politics/deal-includes-86b-in-cuts-that-likely-would-never-have-been-spent/2011/04/12/AFFbG4bD_story.html

Ah, you must be referring to the massive $352 million cut this fiscal year. Amazing how such a miniscule fraction of the budget (its about .01%) get you a -nomics name!

[Fmr. Pres. Duke]

This package I am reading about now will likely do nothing in the way of creating jobs. He should cut corporate taxes to start. His flimsy payroll tax cut will be negligible at best.

Go big or go home, and Obama will likely just under propose and just run up our debt even further.

[CARLHAYDEN]

September 7, 2011

Obama's jobs plan may top $400 billion

By Norah O'Donnell

On Wednesday, CBS News learned that the president's jobs and growth package now could top $400 billion.

http://www.cbsnews.com/stories/2011/09/07/eveningnews/main20103022.shtml?tag=contentMain;contentBody

Oh, and at RealClearPolitics they are reporting that:

Obama Chief of Staff Bill Daley hinted the president's jobs plan will be paid for by higher taxes.

http://www.realclearpolitics.com/video/2011/09/08/daley_hints_rich_will_help_fund_jobs_plan_they_ought_to_pay_a_little_more.html

Yup, old tax and spend is pushing more or the poisonous pabulum that has damaged the economy.

[Torie]

It is hard to get interested in the details of a plan that seems to be just so DOA. But the Pubbies are right to try to kill Obama with kindness and sympathy, and get more into the more in sorrow than in anger sthcik. Other than revamping the tax code, and having a real plan to balance the books and handle entitlements, the rest in the end I suspect just wastes money. The Supercommittee should get to work. What are they doing by the way?  They seem to be getting no publicity. We will probably be treated to more last minute stunt acts, and cf's, and who is doing what to whom, and who walked out when or didn't games. The gang is getting really good at that at least.

[Fmr. Pres. Duke]

September 7, 2011

Obama's jobs plan may top $400 billion

By Norah O'Donnell

On Wednesday, CBS News learned that the president's jobs and growth package now could top $400 billion.

http://www.cbsnews.com/stories/2011/09/07/eveningnews/main20103022.shtml?tag=contentMain;contentBody

Oh, and at RealClearPolitics they are reporting that:

Obama Chief of Staff Bill Daley hinted the president's jobs plan will be paid for by higher taxes.

http://www.realclearpolitics.com/video/2011/09/08/daley_hints_rich_will_help_fund_jobs_plan_they_ought_to_pay_a_little_more.html

Yup, old tax and spend is pushing more or the poisonous pabulum that has damaged the economy.

We will likely be forced to raise taxes as long as things are kept the way they are. We need to reform the tax code for both income and corporate taxes instead of having these mini-stimuluses that do nothing except drive us further into debt. This new plan the President will push tonight will do nothing to help our current situation. If we were to raise taxes, I'd be much more in favor of it if it was somehow helping us with our deficit. Instead, it looks like these will only be paying for more spending, and it likely will not pass the Republican led house because of the tax increases. All in all, tonight will be a waste of time, I'm afraid.

[stegosaurus]

I hoping for more, but realistically, I can't expect much more than fluffy platitudes fresh off of the teleprompter. That can be fun too, however: