Obama To Save/Create More Jobs With Speech Today
Sound absurd? Well, it’s no more absurd than the idea that the government can spend this country back into prosperity.
WASHINGTON (AFP) – President Barack Obama will Tuesday lay out three new approaches to battling the US jobs crisis, in a major speech intended to ensure employment returns along with slowly building economic growth.
But Obama, saddled with huge government deficits which rule out lavish spending to get millions of people back to work, will warn that there is “no silver bullet” available to trim 10 percent unemployment, an official said.
In his speech at the Brookings Institution think-tank in Washington, Obama will announce a set of steps to help small businesses grow and hire new staff, and lay out rebates for homeowners who make their dwellings energy efficient.
Want to help small businesses grow? Here are some steps that would not only stimulate job creation but cut spending as well.
1) Rescind the minimum wage hikes. The minimum wage has gone up $2.00/hour over the last two years, resulting in record unemployment rates for young and low-skill workers.
2) Rescind the unemployment benefit expansions. These expansions were part of the “stimulus” spending bill, and not only have they burdened bankrupt state budgets but they’ve resulted in new taxes on employers (who do the hiring) to fund continued benefits to people who aren’t working. It makes no sense.
3) Promise no more tax hikes (including keeping the Bush tax cuts in place) and no new regulations for the remainder of the Obama administration.
4) Cancel the rest of the “stimulus” spending, end TARP, and use the money left over to pay down on the national debt.
These three things are guaranteed to revitalize our economy and spur new hiring. And the beautiful thing is not only will they not cost us tax dollars, we’ll actually cut spending too.
