Monday, September 12, 2011

The Obama Jobs Plan: 10 Reasons Why It Is a Bad Joke

Press TV

An article published on the Economic Collapse website has criticized a $447 billion jobs plan proposed by President Barack Obama, saying that instead of addressing the fundamental issues that are causing job loss, Obama wants Americans to spend half a trillion dollars on measures that will only create a very small number of jobs. Sadly, much of what Obama is proposing actually consists of huge bribes to middle class voters, the article says. Obama is trying to keep his own job, and he appears willing to pile up even more debt in order to make that happen, it added. According to the article, during his speech to the nation, Obama instructed Congress to either "pass this jobs bill" or to "pass it right away" 16 different times. Obama obviously feels very strongly about his jobs plan. But will it work? Let's take a few moments to break it down. The following are 10 reasons why the Obama jobs plan is a bad joke.

The Obama jobs plan does nothing about the negative effects of Obamacare. Obamacare is going to absolutely slaughter U.S. businesses. Look, when most other nations do not burden their businesses with providing health care and we force our businesses to comply with the nightmare that Obamacare represents, who do you think has the advantage? The Obama jobs plan makes our national debt worse. Yes, Obama insists that his plan will be "100%" paid for, but he has not told us how it will be paid for.

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