Obama Said To Be Looking At $300 Billion Jobs Plan - AP/Salon

[WillyT]

Looks like 130 billion to me, after you take out the 170 billion.

Obama said to be looking at $300 billion jobs plan
BY JIM KUHNHENN, ASSOCIATED PRESS
TUESDAY SEP 06, 2011 19:06 ET

<snip>

People familiar with the White House deliberations on a jobs package say President Barack Obama is considering a plan totaling about $300 billion in tax cuts and spending for 2012.

Two of the biggest measures are expected to be a one-year extension of a payroll tax cut for workers and a continuation of unemployment benefits. Those items would total about $170 billion.

The people spoke on the condition of anonymity because the plan was still being finalized and some proposals could be changed before Obama introduces his plan Thursday night in his address to Congress.

The White House is considering tax incentives for businesses that hire as well as spending for public works projects.

<snip>

Link: http://www.salon.com/wires/allwires/09/06/D9PJAEIG1_us_obama_jobs_package/index.html

:shrug:

[Tatiana]

1. Doesn't sound like much of a jobs plan if this is true... n/t

[taught_me_patience]

2. I thought he was going to "go big"?

This seems like a rehash of stuff already tried.

[Bluebear]

3. Big tax cuts, big new free trade agreements...

[taught_me_patience]

6. Big time insanity

:banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead:

[leftstreet]

8. Big losses in 2012

hmm

[ixion]

4. tax cuts and free trade... well folks...

it's a done deal. We're screwed for a generation or more.

[DJ13]

7. What kind of Democrat would think those items would improve jobs?

[ixion]

11. a DINO

[RKP5637]

16. Yep, that's worked so damn well, and Bush was such a success, yep, why

spoil a good thing. Hell, do it right, maybe two generations can be screwed.

[Autumn]

5. Pretty big huh

let's see $300 billion minus $170 billion leaves $130 billion to get Americans back to work. :shrug: Maybe he could have phoned this in.

[RKP5637]

14. Gee, why don't we just give every American $1M. That would only be

about $330M! We're probably already headed toward hyperinflation, compared to the banks and all of the quantitative easing, what's another $330M. That would spur demand.

[WillyT]

20. Hell Man... I'd Vote For YOU !!!

I LIKE that plan, LOL!!!

:rofl:

:evilgrin:

:bounce:

:hi:

[RKP5637]

21. Pretty cool, huh! Any pres. candidate wanting that would probably get about

99% of the vote! Look at the cost savings! My plan = $330M. Obama's plan = $300B. Even the teabaggers would jump on my plan. Just to make it spicy, it's TAX FREE!


:bounce: :bounce: :bounce: :toast:
:rofl:

[scheming daemons]

24. Your plan equals exactly $1 for every American. ONE. FREAKING. DOLLAR.

Got math?

[RKP5637]

28. LOL, like I said, lots of cost savings!!! n/t

[scheming daemons]

22. Um... you need a math lesson

There are 330 million Americans. If you spent $330 million you would end up giving exactly $1 to every American

To give every American $1 million (that's 1,000,000).... you would have to have $330,000,000,000,000 dollars. Or $330 trillion.

[RKP5637]

30. Add it to the next quantitative easing. It's all facetious.

:rofl:

[MrTriumph]

9. Well, it will boost employment in S. Korea & Columbia ....

x

[Edweird]

10. Still with the tax cuts.

[mattvermont]

12. anything short of 1 Trillion

for infrastructure is a waste. Bridges, flood walls, dams, roads, municipal energy upgrades: insulate, windows, LED lighting, private and public energy incentives, smart grid, train, wind, solar...

or

more of the same for decades to come.

[WillyT]

29. + 1,000,000,000... What You Said !!!

:hi:

:kick:

[Pharaoh]

13. Is he looking up his ass?

:shrug:

[WillyT]

15. I'm Loving The Unreccs On This One...

You'd think they'd jump at the chance to be supportive of this plan.

:hide::evilgrin::hide:

:yoiks:

[Autumn]

25. Your OP doesn't have quite the

"right" slant to it.

[WillyT]

37. LOL !!!

:loveya:

:hi:

[roamer65]

17. How about increasing income tax rates...

to 60% on those making more than $500k and a $2T public works program that only buys American materials.

Now that would be bold.

[mattvermont]

18. precisely..

although I doubt it would require 60% to fund such a proposal. At any rate, anything short of this is a disingenuous attempt at solving the problem.

[jtrockville]

19. Wait.... Let me get my magnifying glass....

Yep... I can see it now.

[ecstatic]

23. An anonymous source who admits the plan is not finalized

Wait. Until. Thursday.

[WillyT]

26. Oh C'mon... What Fun Would THAT Be ???

Who knows if it wasn't the WH who floated this... just to test the reaction?

:shrug:

But you are correct... Thursday night will tell the tale.

:hi:

[Historic NY]

27. Did I miss the speech? People familiar, speaking on condition of anonymity.are cowards...

[WillyT]

31. Yeah, But What If They We're Asked To Do So ???

This White House has not been above floating a trial balloon.

:shrug:

[RKP5637]

32. Yeah, but some are water balloons they toss over the WH gate on us! n/t

[WillyT]

34. LOL !!! - Just Be Thankful They Had Water In Them...

:evilgrin:

:hi:

[eilen]

33. Pssst! Obama! The point is to create jobs

in the US! Not Asia, South America--- here!

[newportdadde]

35. At what point do we start talking about tariffs or eliminating H-1Bs and offshore labor.

[neverforget]

36. And the Republicans will say no to this small plan....

They're gonna mock him, call him a socialist, a big spender, blah, blah, blah, all for $300 billion.
:banghead: :argh:

[w4rma]

38. too tiny to be effective. nt

[WillyT]

39. Oh... The Joke Potential There... Shall Be Quashed...

We need a straight-jacket smilie.

:hi:

[spin]

40. If so, he is not going big...

Obama is a great campaigner but he needs to become a great leader.

He has fantastic potential and he could use his skills and his bully pulpit to gather support from the American people who voted him into office. I did believe in hope and change when I cast my vote for him, but I see little evidence of it so far.

Perhaps he needs some new advisers.

The Republican party has been taken over by the Tea Party who is proposing the incredibly stupid idea of a balanced budget amendment. Obama could point out that if we would have had that amendment when Japan attacked Pearl Harbor and dragged us into WWII, we would be teaching German in our schools today and celebrating the "Thousand Year Reich".

[Warren DeMontague]

41. Ah, yes, tax cuts, the proven jobs creator.

:eyes:

[QC]

42. If that's the proposal, just imagine what it will get "bargained" down to.

I wish to hell someone had taken the president to a swap meet or yard sale at some point in his life so that he could have learned the basics of negotiation.

Of course, he might actually want a small, irrelevant "jobs package" consisting mostly of tax cuts, in which case I wish he would spare us the bad theater and just openly admit that he mostly agrees with the Republicans when it comes to economics.

[WillyT]

43. + 1,000,000,000... What You Said !!!

:kick: