President Obama’s Jobs Speech

obama jobs speech

Pittsburgh, Pennsylvania – September 9 –

Here’s some preliminary reactions to the speech. I notice that the price tag is $450 billion, almost half a trillion, if the image I saw was correct.

Pass this bill, and hundreds of thousands of disadvantaged young people will have the hope and the dignity of a summer job next year.

At what cost? Everything in this bill will be paid for?

Pass this jobs bill, and companies will get a $4,000 tax credit if they hire anyone who has spent more than six months looking for a job. (Applause.) We have to do more to help the long-term unemployed in their search for work. This jobs plan builds on a program in Georgia that several Republican leaders have highlighted, where people who collect unemployment insurance participate in temporary work as a way to build their skills while they look for a permanent job. The plan also extends unemployment insurance for another year. (Applause.) If the millions of unemployed Americans stopped getting this insurance, and stopped using that money for basic necessities, it would be a devastating blow to this economy. Democrats and Republicans in this chamber have supported unemployment insurance plenty of times in the past. And in this time of prolonged hardship, you should pass it again -- right away. (Applause.)

There at least two items mentioned, which will cost money, and one which will reduce revenue.

Right now, Warren Buffett pays a lower tax rate than his secretary -- an outrage he has asked us to fix. (Laughter.)

O’Reilly says that what Buffet says is untrue, and O’Reilly is probably correct.

And I intend to take that message to every corner of this country.

Will it be taken to all 57 states?

I think everyone is aware of President Obama’s past and his ideology. I have no confidence in him, his proposed legislation, or his accomplices.

The word: “stimulus” is absent. This President and his administration maximizes the use of euphemisms. Why? They try to fool people.

All the construction jobs should be classified as stimulus.

It will take time to analyze this speech

Read more: http://www.politico.com/news/stories/0911/63043.html#ixzz1XPfwbMD0

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