Obama Advisers Say Plan Would Create 3.5m New Jobs

Yahoo News / AP ^ | 01/10/2009 | EagleUSA

[EagleUSA]

WASHINGTON – Facing growing criticism of his economic recovery plan, President-elect Barack Obama made public Saturday a detailed analysis by his economic advisers that estimates the $775 billion plan of tax cuts and new spending would create 3.5 million jobs over the next two years.

With an eye on Obama having immediate access to bailout money already approved by Congress when he becomes president, his economic team and the Bush administration have discussed having Treasury Secretary Henry Paulson ask lawmakers for access to the $350 billion remaining in the fund.

White House spokeswoman Dana Perino said the administration hasn't decided whether to make such a request, which would be made within the next week. Under the terms of the legislation creating the fund, Congress would have 15 days to reject the request.

[EagleUSA]

So the socialist beat goes on. Fake jobs created by taxing and welfare checks under the guise of paychecks. More FDR. More FAKE everything. Obamunism is taking the world down, not just us. Instead of reviving the economy, he is just converting our economy from a free market economy to a GOVERNMENT ECONOMY -- but that has been his socialist goal all along.

No thanks zero. You and your goons in the Congress are killing the free market. WE THE PEOPLE, do not want that.

[DManA]

I expect productivity to drop like a rock.

[csmusaret]

Wow $300,000 per job. What a deal.

[mulligan]

This is nothing more than a lot of “bs”, and I mean a lot. If these people think government is the engine of the economy they are going to run out of gas sooner rather later. It is hard to believe so called intelligent people can be just so plain stupid.

[Domandred]

3.5 million new IRS agents to collect all the new Obama taxes.

[Daveinyork]

All of them will be government jobs, and it will cost at least that many in the private sector.

[AuntB]

“the $775 billion plan of tax cuts and new spending would create 3.5 million jobs over the next two years.”

Isn’t that special? That’s a start on jobs for the 20 million illegal aliens he wants to amnesty.

What marooons.

[Colonial Warrior]

[Psycho_Bunny]

It’s hard to tell who would win a “Dumb Contest” between Bush and Obama.

[Slapshot68]

Only a matter of time before Obama institutes a France-esque 35 hour work work.

Long live the proletariat. /s off

[CGTRWK]

Just a month ago the number was 2 million, then it was 2.5 million, now it’s up to 3-4 million. For the exact same handout package. At this rate it’ll break 5 million by the end of the month.

[Cicero]

Bush is a bloody economic moron. He’s already done more damage than Obama could have done, listening to that damned Paulson, and now he’s pitching in and supporting these Obama idiocies.

So, now we’ll get more trillion spent on keeping Obama’s supporters happy, while the rest of us all lose our savings and our pensions and get screwed with higher taxes on anything that’s left.

[fhayek]

Sure, government jobs. Government run health care, Government run Auto Companies. We will get our paychecks from the government and shop at government stores. We are on the road to serfdom, my friend.

[Sacajaweau]

What’s the population?? How many people are out of work?? Something doesn’t add up...

[Carley]

It’s not what he said. He said SAVE or create.

No one asks this thug to explain his rhetoric.

They’re still panting over his pecs.

[silverleaf]

Only 2 more weeks for the democrats to shirk actually governing, and from having their grubby fingerprints on this taxpayer theft

get moisty-eyed “compassionate conservative” Bush do the dirty work

voila

“THE BUSH BAILOUT BOONDOOGLE OF 2008/9

that way the democrats get the money for all their special interests (which they will fight over like jackals)

and they get to blame Bush for the next 4 years (or longer) for stealing it by executive fiat from the taxpayers

brilliant

(Psst: Dana , please look up the term “useful tool” for your boss. It may be the final appellation for his final legacy and final 2 weeks in office)

[FlingWingFlyer]

If America is going to come out of this mess, AMERICANS are going to have to do it. The incompetent buffoons we’ve sent to Washington do not have the intelligence, the skills or the will that it will take to pull it off. They’re just a bunch of dumbass politicans who are better at breaking things than they are at fixing things.

[Vozda]

Nah, I'm sure a million or so will be working for the Departmemt of Obama's Awesomeness.

What do you think of Limbaugh's claim that the 600,000 government jobs that Obama is promising will be a draft? I couldn't tell if Rush was being serious or not.

[econjack]

Just last week it was only 3 million new jobs, but the price tag was $1 trillion. Now it's 3.5 million jobs at the bargain price of $775 billion. Cool! In one week Obama was able to drop the cost per job from $333,333 to $221,428! By the time he takes office, the cost per job might even make sense.

[econjack]

I have to think Rush was kidding. No one would think Obama would institute the draft...he hates the military and would do nothing to make it stronger. Also, politically I don't think it's a viable concept now.