Fiscal Policy: President Obama’s much-anticipated jobs package reportedly costs hundreds of billions more in make-work temp jobs and food-stamp stimulus. He still doesn’t get it.
Those remedies didn’t work last time — the unemployment rate is now higher, to say nothing of the debt — and they won’t work this time.
Americans have grown weary of Obama’s warmed-over Keynesian ideas. Polls show that seven in 10 think he’s steering the economy the wrong way; while four in 10 agree that he has “no idea” how to create jobs.
Instead of consulting with James Hoffa and other union bosses, he should listen to CEOs — the folks who actually make payroll. Here are several measures they say will incentivize them to hire permanent employees for jobs that will pay for themselves:
The jobs engine is missing from the economy Obama supposedly “pulled out of the ditch.” Now the tires have come off, and he’s sitting behind the wheel without a clue. Asking the Teamsters for a tow is not the answer.