"Son of Stimulus Set to Attack American Economy"

[WhiskeyGirl]

This is so true - jmho

Even as the health care debate continues to rage, Democrats have their hearts set on countering their disastrous ratings and the loss of the independent voter by rolling out a job creation package, or Son of Stimulus Plan. There are no clear plans yet, but the ones floating around as preliminary ideas are bad enough on their own.

With price tags going as high as 1.2 trillion dollars and various gimmicks being trotted out to hide their cost and avoid blame for inflating the already massive deficit further, the Son of Stimulus is likely to be as big a disaster as its parent.

Hoyer is promising that the bill would include extended unemployment benefits, which is fitting enough since the bill itself would help perpetuate unemployment by killing job growth. That same paradox lies behind virtually all of the Democratic job creation plans, which is that they involve taking money out of the economy, lowering the value of the dollar further or bulking up the national debt- conditions which would in turn backfire on the very people they’re claiming to want to help.

House Speaker Nancy Pelosi meanwhile has gone back to making the argument that the only way to cut the deficit, is by spending more money on job creation programs, never mind the fact that the last stimulus failed to create any actual jobs, but did succeed in bulking up the deficit. This time the plan can’t fail. Pelosi is trying to win back the working class by talking up infrastructure projects, but considering that the last stimulus plan had its infrastructure projects gutted to, in the words of Obama’s economic advisor Robert Reich, avoid giving jobs “to high skilled people who are already professionals or to white male construction workers”. Instead the money was funneled into more social services spending, which helped lead to the He-Cession. This was in keeping with the ruthlessly partisan approach that characterizes everything the Obama administration does, and mandated that what few jobs there were, would go to Obama’s own base. The result has helped lead the backlash among swing voters away from Obama and against the Stimulus Plan.

read more here - http://canadafreepress.com/index.php/article/17408

Another article I read called these times "The Great Recession".

No jobs for America.  Just more corporate welfare for large global business, politicians that have investments in foreign countries, and global despots that destroy their countries.   

What a great Christmas present for the American people!!!   

jmho

[WhiskeyGirl]

Mean Street: The Sham of a Mockery of an Obama Jobs Summit

By Evan Newmark

What is it about Thursday’s White House “jobs summit” that rubs me the wrong way?

Obamanomics — the White House’s jumble of industrial policy, massive deficit spending and tax hikes — isn’t working.

There are now 15.7 million Americans without jobs. And a big White House conference on jobs is nothing more than a soft distraction from those hard facts.

Do you think that FedEx CEO Fred Smith and United Steelworkers President Leo Girard will somehow reach agreement that the best way to create jobs is to kill the union-card check?

Do you think that Randi Weingarten, President of the American Federation of Teachers, will suddenly serve up innovative ideas for trade unions to assist small businesses?

It seems unlikely.

And so the jobs summit will fail for the same reason Obamanomics is failing: The White House mistakenly believes economic growth and new jobs are created by society’s stakeholders — business, labor and government — cooperatively working together.

But that’s not the way capitalism works. It doesn’t take a village to create a new job. It takes a businessman trying to make another buck.

read more here - http://blogs.wsj.com/deals/2009/12/02/mean-street-the-sham-of-a-mockery-of-an-obama-jobs-summit/