In the Real World, Will the Jobs Plan Make a Difference?

[alp227]

From major employers to small businesses, executives are assessing President Obama’s jobs plan, including whether his payroll tax cut proposals and incentives for hiring people who have been out of work for six months or longer will spur job growth or affect their sector.

This year alone, the biggest job losses in the private sector have occurred in retailing, “probably because of Borders,” Colleen Madden, a spokeswoman for Challenger Gray & Christmas, a global outplacement firm that tracks employment, said in reference to the bookstore chain’s folding.

Other industries with high job losses are aerospace, financial services and pharmaceutical companies, she said. Drug makers had the most job cuts in 2010, and automakers had the most cuts in 2009, she said.

Interviews with a few business owners provided a mixed reception to Mr. Obama’s proposals on Friday. Below is a sampling of their reaction and their general view of the hiring landscape.

Full article, covering: computers/electronics, food, retail, health care, energy, advertising, and technology.

[monmouth]

1. I think it will and sooner than you may think. Once these projects

get moving it's like a domino effect. You will start to see results quickly. Granted, I was a very young person back in the '40s and at that time we spent time in a rural are. Many of the kids I was in grammar school came from poor families, shoes hardly staying on their feet, clothes ill-fitting because they were hand-me-downs, you get the picture. I remember distinctly after the summer vacation and returning to school, many of those children looked so different. The boys had haircuts, shoes and all of the kids were dressed so nicely. I asked one girl about her pretty dress and where she got it. I remember her smiling so proudly and telling me her daddy had gotten a good job at the mill and her mama was able to buy lots of material to sew clothes.

It doesn't sound comparable to today, but it is. Six months later all the daddys had jobs, much construction was going on and there was always a road that was being worked on.

[zippytheplatypus]

2. great story, goes to show how quickly our country has really changed

I still don't think that any of this is moving in the right direction at all. This isn't a bill, It's more rhetoric based on nothing. The only thing that will happen is that NAFTA II will get fast tracked. Panama will join the Caymans, Switzerland, Ireland et al as a tax haven, my man Kim Jong Il will get some cash for more parades & a lot of workers will be killed in Columbia when wages are lowered even further. The infrastructure bank is a Halliburton dream machine & the rest is well established fantasy. It sucks but what do you really expect at this point. Nothing can change without campaign finance reform first.

[Name removed]

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[Hawkowl]

8. It is not comparable

FDR spent about $1 TRILLION in today's dollars on jobs programs. Both direct government employment and contracting. Obama's plan jobs spending program is nowhere near that magnitude. It will do some good, but not enough to prevent the economy dropping off a cliff.

[sam11111]

6. nt

Nt

[evilDonkey]

7. Nope

Stimulus can't work. If you give people extra money they'll just spend it on plasma TVs made in China.

America needs more manufacturing and engineering, not more stimulus.

Until that turns around the biggest growth industry in America will be pooper scooper service.

Ok a little sarcastic but essentially true.