Jobs Speech
Sep/13/11 03:58 AM
I don’t understand how President Obama gets away with giving an overly political speech that could have doubled as a campaign speech, while bashing the current political climate. Does he not think that a bunch of foolish lawmakers zealously clapping or booing his magical teleprompter act is political in itself? If the President was serious about tackling the jobs crisis in a non-political manner, he would have given an address from the Oval Office or simply released his jobs bill to the public without all the pomp and circumstance (and controversy, given the original date his picked) of a partisan room of lawmakers.
President Obama is the Politician in Chief. He has mastered the skill of politicking, yet has struggled enormously with leading. His speech the other night was a big hypocrisy.
With regards to the content of his speech and the jobs bill, the President needs to stop proposing these short term solutions such as payroll tax cuts for 2012 and focus on creating a long term business friendly regulatory and tax environment so that American companies, which are sitting on record levels of cash both at home and abroad, will spend their resources to hire workers. The President has obviously never run a company if he thinks that a one or two year tax credit for hiring long term unemployed Americans or a decrease in the payroll tax will increase hiring. What kind of company only looks a year or two in the future? The costs of hiring that employee (especially with the full effects of Obamacare set to take place in 2014) greatly outweigh any short term saving to be had by this type of bill. Why not permanently lower the capital gains tax or reduce the barriers for bringing foreign money back into the United States?
And if anyone thinks that these construction jobs that the President proposes are going to be any more “shovel-ready” than the last ones funded by the massive stimulus package... I heard Big Foot was spotted in downtown Boston yesterday.
President Obama is the Politician in Chief. He has mastered the skill of politicking, yet has struggled enormously with leading. His speech the other night was a big hypocrisy.
With regards to the content of his speech and the jobs bill, the President needs to stop proposing these short term solutions such as payroll tax cuts for 2012 and focus on creating a long term business friendly regulatory and tax environment so that American companies, which are sitting on record levels of cash both at home and abroad, will spend their resources to hire workers. The President has obviously never run a company if he thinks that a one or two year tax credit for hiring long term unemployed Americans or a decrease in the payroll tax will increase hiring. What kind of company only looks a year or two in the future? The costs of hiring that employee (especially with the full effects of Obamacare set to take place in 2014) greatly outweigh any short term saving to be had by this type of bill. Why not permanently lower the capital gains tax or reduce the barriers for bringing foreign money back into the United States?
And if anyone thinks that these construction jobs that the President proposes are going to be any more “shovel-ready” than the last ones funded by the massive stimulus package... I heard Big Foot was spotted in downtown Boston yesterday.
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