Didn’t I hear this before.
He proposed 450 billion or so in spending to, in the words of Ari Berman at The Nation:
“an extension of unemployment benefits, an extension of the payroll tax cut, repairing schools and crumbling infrastructure, rehiring teachers and first responders, job training for the long-term unemployed, a tax cut for companies that hire new workers”
But wasn’t that what his first stimulus package of 800 Billion was for. According to Wikipedia, the American Recovery and Reinvestment Act of 2009 apportioned some of its funds to:
- Infrastructure – 105.3 Billion
- Transportation – 48.1 Billion
- Aid to Low Income, Unemployed, etc. – 82.2 Billion
- Education – 100 Billion
- Total – 335.6 Billion of the 787 Billion
- Tax Incentives – 288 Billion of 787 Billion
I’m a little lost here. If 787 Billion couldn’t get it done in 2009 – how does another 450 Billion get it done in 2011?
Does this really help?
Not an economist or some big brainpanned genius but of the 14 million “officially” unemployed workers; how does this help? Sure a percentage that involve those with construction, teaching or first responder background will “benefit,” but what percentage would that be? Are you part of that group?
As an aside, I alway wonder how it is that we have terrible, run down schools while spending $11,301 per student in 2007 (fourth highest in the world). Korean schools are in decent shape and they spent $6,493 per student. Maybe we should hire someone over there first before spending anymore money here. By the way, I’m sure that number has gone up – ours not Korea.
What’s it mean?
If you want a job – you need to do it the old fashion.
- Research and Analyze.
- Map out a plan to get hired.
- Work that plan.
- Tons of articles on the site that talks of using social media, networking, and cold contacts to get leads.
- Use tools like the Guerrilla Resume or the OneClick Cover Letter Creator to help you if you need it.
For a lot of us, there was nothing in that speech that’s going to help us directly and immediately (next 3 months). Sure if Congress to pass an unemployment extension, that might help.
Giving companies tax credits for hiring people might help but it’s too general. Not like when he was giving out rebates for cars or credits for buying houses, this incentive isn’t gonna really help. I don’t think there are companies wanting desperately to hire but haven’t because they’ve been short 80G’s. Just me thinking.
One good thing, though, we’ll finally talking about jobs and job creation.