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Personally, I'd love another 500pt dip in the market.
Then get ready to cheer...
Probably spending on infastructure, giving more $$ to public sector unions, spending $$ on green technology (the waste of which can be seen in the fact that Chevy is selling 100 Volts a month countrywide now), all the typical liberal pet projects. He could save some time by just burning the money, that would have the same impact on the economy, and at least that way we could roast some marshmallows.
Maybe he'll offer tax incentives to employers that create private sector jobs. X thousands per year for 2 years on permanent new hires for the first 2 years.
Imagine by taking a family off of assistance because a parent is working again, restarting an income, sales, and family purchasing begins. Federal and local assitance is reduced / eliminated in that case. It is probably a net game.
There is probably some reason why it would not work but it has to be better and perhaps more cost effective than extending unemployment benefits as stimulus.
Maybe he'll offer tax incentives to employers that create private sector jobs. X thousands per year for 2 years on permanent new hires for the first 2 years.
Imagine by taking a family off of assistance because a parent is working again, restarting an income, sales, and family purchasing begins. Federal and local assitance is reduced / eliminated in that case. It is probably a net game.
There is probably some reason why it would not work but it has to be better and perhaps more cost effective than extending unemployment benefits as stimulus.
I remember reading that this has been done in the EU with some success.
For that reason alone the House will never support it
Last Monday, President Obama made news by promising to give a speech in September detailing, "a very specific plan to boost the economy, to create jobs and to control our deficit."
But has that "very specific plan" already been downgraded to an outline?
Obama advisors Robert Gibbs and David Axelrod on yesterday's Sunday morning shows.
"The president is going to outline a short-term plan to accelerate the economy," Axelrod said on ABC's This Week, "in the face of the hits we've taken, because of the Arab Spring and oil prices, because of the Japanese earthquake, because of Europe that have slowed down economic growth.
On Meet the Press, Gibbs used similar language, "The president is going to outline some ideas, the president has outlined ideas every day he's been in the White House."
we'd be better off if he remained on vacation till the end of his term rather than having him "outline some ideas"....unbelieveable
Maybe he'll offer tax incentives to employers that create private sector jobs. X thousands per year for 2 years on permanent new hires for the first 2 years.
Imagine by taking a family off of assistance because a parent is working again, restarting an income, sales, and family purchasing begins. Federal and local assitance is reduced / eliminated in that case. It is probably a net game.
no, with this admin. the idea is to add as many families as possible to "assistance"...helps eliminate the "stigma" of assistance you know...
The new welfare trap is named the Community Eligibility Option, part of President Obama's Healthy, Hunger-Free Kids Act. Three states will be involved in a pilot program starting now, and more states will be phased in over time. By 2014-15, the option will be available in all states, if this law is kept on the books.
Any student at a school with 40% of the student body on welfare is going to get his free lunch, whether he needs it or not. That 40% can be made up of students already eligible for programs like Food Stamps or welfare (Temporary Assistance for Needy Families). Interestingly, the category of eligibility also includes "migrant youth." So illegals can get in on the boondoggle as well. If 5% of students are "migrant youth, and an additional 35% of students are on some form of welfare, the remaining 60% are automatically entitled if their school opts in.
Entire school districts, like Detroit's, will receive free food for every single student in all grades, K-12. The policy is coming into effect right as we learn that Michigan, for instance, recently kicked thirty thousand college students off food stamps for abusing the system.
"All Detroit Public Schools students will receive free breakfast, lunch and snacks in an effort to remove the stigma of being from a low-income family."
I remember reading that this has been done in the EU with some success.
For that reason alone the House will never support it
-spence
And for the reasons the Administration would never promote it.
Sure - blame it on the house...
Instead, we have stimulus: checks to buy iPods and other Chinese goods where the dollars make one round in our economy before going overseas and stimulating other economies. Even "shovel" ready jobs only do two rounds before going over.
What we SHOULD have is something that buoys multiple industries, shipbuilding for example, that requires money going many more rounds domestically (tool & die, engineering, many subcontractors, etc) in order to maximize the effect.
Linear Mode
