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Posted on 07/11/2011 4:03:05 PM PDT by tobyhill
Laying the groundwork for a long-term improvement to the fiscal health of the United States does not solve the short-term weakness in the jobs market and Congress should take action to create jobs, including simulative measures like extending payroll tax cuts for individuals and businesses, President Obama said on Monday.
"I am not somebody who believes that just because we solve the deficit and debt problems short-term, medium-term or long-term, that that automatically solves the unemployment problem," he said at a White House news conference Monday. "I think we're still gonna have to do a bunch of stuff, including, for example, trade deals that are before Congress right now that could add tens of thousands of jobs."
The president again made the case for the extension of last year's cut of two percent of the payroll tax paid by employees, even though he said it "might not be exactly the kind of program that I would design in order to boost employment." Still, he said, the tax cut is the sort of simulative bill that can get through the GOP-held House of Representatives, and "puts money in the pockets of people who are then spending it at businesses large and small."
Mr. Obama defended the $830 billion stimulus package of federal spending and tax breaks he pushed in the first year of his presidency, arguing that it "created a whole bunch of jobs" and he would push for more economic stimulus if he could.
(Excerpt) Read more at cbsnews.com ...
Just curious. How does the president think that there will be a long term deal in 10 days?
Can we just repeal Obamacare and see how the job market responds?
He is use to the GOP caving.
He cannot fathom that the GOP won’t cave.
“Arguing that it “created a whole bunch of jobs” and he would push for more economic stimulus if he could.”
He can still say this with a straight face?
Gee, Obama told us the spending binges in 2008 would fix it.
That word has to do with pretense, not stimulation.
Go figure!
I can't either. :-p
There's one big solution right there.
That would solve ALL our problems.
What’s incredible to me is that we have a president who seems to believe talking about a “whole bunch of” [jobs] [”stuff”] [you fill in the blank] is appropriate economic speech for anybody over the age of 10 with an IQ over 50. But maybe that’s the problem right there...
Unemployment is now 9.2 percent. The "stimulus" spending binge has failed. Which part of the GOP's Plan for America's Job Creators do you most want enacted today?
Pay Down America’s Job-Crushing Debt
Increase Domestic Energy Production
Stop Excessive Red Tape from Hurting Small Businesses
Fix the Tax Code to Spur Investment and Create Jobs
Open New Markets to American Manufacturers
"We're gonna do a buncha stuff and make a buncha jobs and we'll be a buncha happy then."
"Anybody wanna pea?"
Can you blame him?
He’s just going by history. lol
I noticed that too. The guy is not that bright.
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