Sunday, September 18, 2011

GOP Frustration Grows With Obama Approach to Jobs, Deficit Read more: http://www.foxnews.com/politics/2011/09/18/gop-frustration-grows-with-obama-app

Let's tear this plan apart and score it for jobs.

1) Reduce the Payroll Tax Deduction. 50% - This will give those with jobs more to spend, but how will it induce business to hire?
2) Unemployment Extension 10% - Okay, there are, in fact, jobs out there but why look for a job that pays the same or less than unemployment?
3) Raise Taxes on Small Business 0% - This makes no sense at all. Why over tax those who would create jobs? Does that induce them to hire? Nope!
4) Infrastructure Spending 0% - This again won't work because only 12% of the work force is Union, all municipal , State and Federal jobs are Union. The Unions are (a) already working and (b) are the reason why so many American Jobs have been forced overseas.

Ok, this gives the Obama administration a whopping 15% rating on this plan. Will this cut the deficit? No. Will this create jobs? No. Will this spend lots of money ($1/2 Trillion)? Yes.

Work the numbers for yourself while you collect your unemployment check thanks to the Obama Administration.

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