The Presidents Bold Jobs Bill (Maybe)

The president is sounding like a fighter these days. He even says he'll be proposing a jobs bill in September -- and if Republicans don't go along he'll fight for it through Election Day (or beyond).

That's a start. But read the small print and all he's talked about so far is extending the payroll tax cut and unemployment benefits (good, but small potatoes), ratifying the Colombia and South Korea free trade agreements (not necessarily a job-creating move), and creating an infrastructure bank.

An infrastructure bank might be helpful, depending on its size.

Which is the real question hovering over the entire putative jobs bill -- its size.

Some of the president's political advisors have been pushing for small-bore initiatives that they believe might have a chance of getting through the Republican just-say-no House. They also figure policy miniatures won't give aspiring GOP candidates more ammunition to tar Obama as a big-government liberal.

But the president is sounding as if he's rejected their advice.

That's good policy and good politics.

exhaustedandtired/1208 wrote:yep, but remember criticising the repubs. for big stimulus bills and Obama divied out the bucks, well here we go again he wants another stimulus big bill to spend that will not work!

gettheminNOVEMBER wrote:

exhaustedandtired/1208 wrote:yep, but remember criticising the repubs. for big stimulus bills and Obama divied out the bucks, well here we go again he wants another stimulus big bill to spend that will not work!

Experts said it would have worked if it was bigger. They were afraid of spending over a trillion. Fact is we have to spend money to create jobs to increase demand that really drives the economy.

We spend on tax cuts that do not work so use that money.