President Obama's Job Creation Initiative Framework Speeches

[nathanm]

Adding this on would most definitely be a disincentive to job creation.  I agree there's a problem, this solution is simply too big a lever.  I'm much more in favor of unemployment benefits being tied to doing some sort of useful work on behalf of the federal, state, or local government, school systems or even as a job re-training program or temporary job placement within private companies with an opportunity to eventually transition onto permanent payroll.  Of course, that could be abused by employers to get free labor by churning temps every 60 to 90 days.

Nothing says someone can't immediately find a situation of under-employment instead of riding the unemployment float for a year.

I agree that it seems excessively aggressive, at least on the surface. And I'm also in favor of long-term unemployment being a work program, so that people aren't actually unemployed. The Teahadists (I use that term to refer only to the extremists) are argue against unemployment benefits at all, so I don't know that it's politically possible to improve the unemployment situation with that sort of plan, no matter how much sense it makes outside of crazytown.

Sadly, the job market says a lot of people can't immediately find a situation of under-employment. Between the 10% of the US population already underemployed, the 26% unemployment among young people who typically take that sort of retail/fast foot/whatever job, and the number of employers who refuse to hire people they think might not stick around, prospects are bleak if you can't get a job pretty quickly.

[Townsend]

The American Jobs Act of 2011 has now been introduced in congress.  Unfortunately the administration forgot to reserve this name before the president's speech last week.  The bill that was just introduced simply eliminates the corporate income tax.  It is 2 pages long and would reduce all corporate income tax to 0%.

If passed the effect on the economy would be swift and immediate. 

Tell me this guy didn't do it just to get his name out there.  BTW, no name reservations.  Just respect for other lawmakers.



http://news.yahoo.com/blogs/ticket/tea-party-congressman-beats-obama-american-jobs-act-181129773.html

Louie Gohmert, a Republican representative from Texas, sat in the House chamber last Thursday night and listened while President Obama told members of Congress to pass his plan for job creation, which he called "The American Jobs Act." The weekend went by, but House Democrats didn't submit an official piece of legislation with Obama's proposals.

Nearly a full week passed. Still no bill.

So Gohmert took matters into his own hands. He submitted his own bill and titled it, "The American Jobs Act of 2011."

"After waiting to see what the president would actually put into legislative language, and then waiting to see if anybody would actually introduce the president's bill in the House, today I took the initiative," Gohmert said in a statement after he submitted the bill on Wednesday.

Gohmert's bill looks nothing like the 155-page plan Obama issued this week. It is only two pages long, and it eliminates the corporate tax on companies that make products in the United States.

"It is a very simple bill," Gohmert said. "If we really want to create jobs and grow the economy, we must pass 'The American Jobs Act' now."

As of this writing, House Democrats have still not submitted their own version of what Obama wanted to call "The American Jobs Act of 2011." Under House rules, members of Congress are allowed to submit separate bills with the same name.