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View Full Version : Economics WTH? Another $100 Billion for a Jobs Program?


mlyonsd
01-31-2010, 10:40 AM
Updated January 31, 2010
Obama Jobs Program Could Cost $100 Billion


FOXNews.com

President Obama's push to create jobs may carry a price tag in the $100 billion range, his top spokesman said Sunday

WASHINGTON -- President Obama's push to create jobs may carry a price tag in the $100 billion range, his top spokesman said Sunday.

White House spokesman Robert Gibbs said the idea is to help fill in the hole from jobs lost in the deepest recession to hit the country in decades.

In his State of the Union address last week, Obama called for a program costing about $30 billion in incentives to employers to hire workers. The plan would include tax breaks to small businesses that increase their work force.

But Sen. Lamar Alexander, R-Tenn., told "Fox News Sunday" that when it comes to talking jobs and deficit reduction, Obama "is in the right church in the wrong pew."

Alexander said the president has to work on reducing the deficit and increasing jobs but not by borrowing from the troubled asset relief program or other programs that already are using deficit spending to pay for themselves.

Gibbs did not say in an interview Sunday with CNN's "State of the Union" how the $100 billion figure would be broken down. That total includes money set aside for public works projects.

The Associated Press contributed to this report.
http://www.foxnews.com/politics/2010/01/31/obama-jobs-program-cost-billion/

What was the $787 billion last year for? Does anyone really believe these guys know what they're doing?

RedNeckRaider
01-31-2010, 10:47 AM
It costs a lot of money to have everyone employed and totally dependent on the government~

RINGLEADER
01-31-2010, 10:52 AM
At least it's not another stimulus bill doomed to fail...

Oh wait...

http://www.breitbart.tv/congressman-admits-were-told-not-to-call-it-another-stimulus-bill-calling-it-a-jobs-bill/

The Mad Crapper
01-31-2010, 12:27 PM
A billion here, a billion there, it's only money. The rich can afford it.

Saul Good
01-31-2010, 12:35 PM
More hungry mouths to feed and only one pizza? No problem. Just slice it into more and more pieces.

HonestChieffan
01-31-2010, 01:01 PM
Its part of his move to the center...and his need to address the budget....

Guru
01-31-2010, 01:05 PM
Well, it is easy to just print more money right?

mlyonsd
01-31-2010, 01:08 PM
Well, it is easy to just print more money right?

Not when you run out of trees.

headsnap
01-31-2010, 01:14 PM
Not when you run out of trees.

you let a little Lib through... ;)

trees are a renewable resource, trees are a crop... especially the short fiber ones that paper is made out of...



don't tell a treehugger that though...

mlyonsd
01-31-2010, 01:16 PM
you let a little Lib through... ;)

trees are a renewable resource, trees are a crop... especially the short fiber ones that paper is made out of...



don't tell a treehugger that though...

There's an angle. If we can get short fiber trees on the endangered species list we might save the economy.

headsnap
01-31-2010, 01:27 PM
There's an angle. If we can get short fiber trees on the endangered species list we might save the economy.
BRILLIANT!!!!

bevischief
01-31-2010, 06:35 PM
They need that much to fix the BCS playoff system...

KCWolfman
01-31-2010, 06:39 PM
WHy not? The last one kept unemployment under 8% just as the POTUS promised.

Taco John
01-31-2010, 06:42 PM
They'll run every scheme of handing out money imaginable, except cutting taxes and letting the people who earn it spend it.

Taco John
01-31-2010, 06:43 PM
Of course, the people who earn the stuff might just be as likely to save it - and Democrats can't have that. Saving leads to "dynastic wealth." That's evil stuff.

bevischief
01-31-2010, 06:48 PM
Health reform back door...

mlyonsd
01-31-2010, 06:49 PM
Of course, the people who earn the stuff might just be as likely to save it - and Democrats can't have that. Saving leads to "dynastic wealth." That's evil stuff.

Haven't you heard? The new plan is to force all companies to enroll their employees into an IRA type retirement program.

No doubt they're thinking to the future where they can convince all the idiots out there that tax free IRA savings are killing SS, thus should be taxed.

KCWolfman
01-31-2010, 06:53 PM
Haven't you heard? The new plan is to force all companies to enroll their employees into an IRA type retirement program.

No doubt they're thinking to the future where they can convince all the idiots out there that tax free IRA savings are killing SS, thus should be taxed.

The government forcing an IRA over SS would be a boon to every goods producing human being in the United States.