Obama's jobs plan would make small dent in jobless rate
september 2011 by inboxnews
Even if Congress heeds President Barack Obama's demands to "pass this bill right away" and enacts his jobs and tax plan in its entirety, the unemployment rate probably still would hover in nosebleed territory for at least three more years.
Why? Because the 1.9 million new jobs the White House says the bill would produce in 2012 falls short of what it's needed to put the economy back on track to return to pre-recession jobless levels of under 6 percent, from today's rate of 9.1 percent.
That's how deep the jobs hole is. The persistent weakness of the U.S. economy has left 14 million people unemployed and more than 25 million unable to find full-time work.
Economists of all stripes pretty much agree that it will be a long, hard road no matter what Congress does. Right now, the Republicans who run the House and the Democrats who lead the Senate aren't finding much common ground.
obama
jobless
plan
Why? Because the 1.9 million new jobs the White House says the bill would produce in 2012 falls short of what it's needed to put the economy back on track to return to pre-recession jobless levels of under 6 percent, from today's rate of 9.1 percent.
That's how deep the jobs hole is. The persistent weakness of the U.S. economy has left 14 million people unemployed and more than 25 million unable to find full-time work.
Economists of all stripes pretty much agree that it will be a long, hard road no matter what Congress does. Right now, the Republicans who run the House and the Democrats who lead the Senate aren't finding much common ground.
september 2011 by inboxnews
The Cost Of Obama's Jobs Plan: $312,500 Per Job
september 2011 by inboxnews
For those eager to put some math to the rhetoric coming from the White House over the president's jobs creation plan, and that should be everyone, here is a quick and dirty estimate based on the numbers being thrown around of a 2% GDP increase in year 1 and 1.9 million jobs created or saved... most saved, as in those you can't really quantify. Said otherwise, roughly a $300 billion increase in GDP yields 1.9 million jobs. So far so good. Now since the president is proposing to pay for the program over 10 years, let's assume the $475 billion in direct expenses is financed for 10 years at 2.5% which adds roughly $120 billion to the total cost of the program. In other words, as the calculations detailed and show below elaborate, the overall AJA plan will cost $250,000 per job created (excluding the interest expense) and $312,500 per union job, er job created (including interest). And that's how much it costs for Obama to purchase one vote... created or saved.
obama
jobs
plan
september 2011 by inboxnews
Illegal Immigrant's to Benefit From House-Approved Stimulus Plan
january 2008 by inboxnews
The $146 billion stimulus package intended to jolt the economy by giving taxpayers rebates up to $1,200 includes cash returns for illegal immigrants who pay taxes. Under the plan passed by the House, illegal immigrants who qualify as "resident aliens" and
Illegal
Immigrant's
to
Benefit
From
House-Approved
Stimulus
Plan
january 2008 by inboxnews
Activist rips San Francisco's ID card plan for illegal aliens
november 2007 by inboxnews
The City of San Francisco Board of Supervisors voted last week to issue municipal identification cards to city residents, regardless if they are in the country legally. But an immigration reform activist who lives in the Bay Area says the city has more im
Activist
rips
San
Francisco's
ID
card
plan
for
illegal
aliens
november 2007 by inboxnews
Federal plan would charge all illegal border crossers
november 2007 by inboxnews
The Rio Grande Valley could be the next place to implement a zero-tolerance policy credited with cutting illegal immigration rates by almost 70 percent in other parts of the state. But critics of the program fear the prosecution of every undocumented migr
Federal
plan
would
charge
all
illegal
border
crossers
november 2007 by inboxnews
Spitzer to Drop His License Plan
november 2007 by inboxnews
Gov. Eliot Spitzer is abandoning his plan to issue driver’s licenses to illegal immigrants, saying that opposition is just too overwhelming to move forward with such a policy.
Spitzer
to
Drop
His
License
Plan
november 2007 by inboxnews
Schwarzenegger orders plan for 10% budget cuts
november 2007 by inboxnews
In response, Schwarzenegger's finance department has ordered agency directors to formulate plans to cut budgets by 10% for the spending blueprint the governor will unveil in January, according to administration officials who spoke on condition of anonymit
Schwarzenegger
orders
plan
for
10%
budget
cuts
november 2007 by inboxnews
Hillary Clinton's Plan for Health Care Disaster
november 2007 by inboxnews
Fourteen years ago, as First Lady, Hillary Clinton unloaded a health-care plan on the country. Complex, confusing, and restrictive, the thousand-page proposal outlined a radical overhaul of the nation’s health system, and a small band of grassroots acti
Hillary
Clinton's
Plan
for
Health
Care
Disaster
november 2007 by inboxnews
Latest License Plan Angers Almost Everyone
november 2007 by inboxnews
The real controversy surrounds the third kind of license. It is available to undocumented immigrants as well as legal residents and citizens who choose not to have the first two types of licenses. This license is only valid for driving and insurance. It w
Latest
License
Plan
Angers
Almost
Everyone
november 2007 by inboxnews
Fred Thompson stirs GOP rivals with immigration plan
october 2007 by inboxnews
Republican presidential candidate Fred Thompson yesterday staked out one of the toughest plans on the campaign trail to curb illegal immigration, trying to reignite the issue among the GOP faithful who rose up in revolt against a more moderate approach in
Fred
Thompson
stirs
GOP
rivals
with
immigration
plan
october 2007 by inboxnews
Senate GOP strikes back at Spitzer's illegal immigrant plan
october 2007 by inboxnews
The Senate's Republican majority moved Monday to try to block Gov. Eliot Spitzer's plan to make it easier for illegal immigrants to receive driver's licenses. The bill to reverse Spitzer's order drew some of the most heated and personal attacks seen in ye
Senate
GOP
strikes
back
at
Spitzer's
illegal
immigrant
plan
october 2007 by inboxnews
Most consumers plan to shun China-made toys
october 2007 by inboxnews
Three-quarters of U.S. consumers plan to shun toys made in China this holiday season, according to a Reuters/Zogby poll. Of almost 1,000 people polled, 75.8 percent said they would not buy Chinese-made toys. The results come in the wake of several
Most
consumers
plan
to
shun
China-made
toys
october 2007 by inboxnews
Lou Dobbs Crusades Against Spitzer’s Driver’s License Plan for Illegal Immigrants
october 2007 by inboxnews
The CNN anchor Lou Dobbs calls Gov. Eliot Spitzer “a genius.” But not in a nice way.
Lou
Dobbs
Crusades
Against
Spitzer’s
Driver’s
License
Plan
for
Illegal
Immigrants
october 2007 by inboxnews
Plan to Crack Down on 'Sanctuary Cities' Killed in Senate
october 2007 by inboxnews
A House-passed plan to threaten local police agencies with losing federal money if they don't assist in cracking down on illegal immigration was defeated Tuesday in the Senate with a 52-42 vote.
Plan
Crack
Down
Sanctuary
Cities
Killed
Senate
october 2007 by inboxnews
Senate To Review Spitzer License Plan
october 2007 by inboxnews
The New York State Senate begins hearings this morning on Governor Eliot Spitzer's controversial plan to provide drivers licenses to illegal aliens at a time when a small change in the way they are issued has already been put in place without fanfare.
Senate
Review
Spitzer
License
Plan
october 2007 by inboxnews
Free prenatal care plan for illegal aliens
october 2007 by inboxnews
An Oklahoma Health Care Authority proposal that would allow undocumented pregnant women to receive free prenatal care sets a "dangerous precedent" and subsidizes illegal activity, an Oklahoma lawmaker said Wednesday. The Health Care Authority on Thursday
Prenatal
care
plan
for
illegal
aliens
october 2007 by inboxnews
Driver's license plan draws rallies in Troy
october 2007 by inboxnews
About 20 members of Capital Region labor and religious groups stood vigil outside the Rensselaer County Court House this morning to urge County Clerk Frank Merola to change his position opposing issuing driver's licenses to illegal immigrants.
Driver's
license
plan
draws
rallies
Troy
october 2007 by inboxnews
Chesapeake OKs plan on hiring of illegal immigrants
october 2007 by inboxnews
The City Council voted 6-2 Tuesday to adopt an ordinance requiring city contractors and vendors to certify that they are not hiring illegal immigrants. Officials say they think Chesapeake is the first city in Virginia to support an ordinance like this, al
Chesapeake
OKs
plan
on
hiring
of
illegal
immigrants
october 2007 by inboxnews
Missouri's new plan to deal with illegal aliens
october 2007 by inboxnews
The biggest change is the Governor's plan to deputize all Missouri Highway Patrol officers to enforce federal immigration laws. Right now, only federal Immigration and Customs Enforcement workers have the authority to transport illegal immigrants into cus
Missouri's
new
plan
to
deal
with
illegal
aliens
october 2007 by inboxnews
Poll: Spitzer License Plan A Bad Idea
october 2007 by inboxnews
According to the Zogby polling group 58% of all State residents think Governor Eliot Spitzer's plan is a bad idea. In New York City the proposal is opposed by a thin margin, 52-48, 56-37 in the City's suburbs and 64-25 upstate.
Poll
Spitzer
License
Plan
Bad
Idea
october 2007 by inboxnews
Judge extends block on illegal worker plan
october 2007 by inboxnews
SAN FRANCISCO -- A U.S. federal court judge on Monday extended an order preventing the Department of Homeland Security from launching a controversial new program to root out illegal immigrants in the nation's workforce. ADVERTISEMENT 2 Million 100,000 500
Judge
extends
block
on
illegal
worker
plan
october 2007 by inboxnews
Bush's Surrender Plan
october 2007 by inboxnews
Although President Bush has consistently opposed surrender in Iraq, the administration's policies have all but waved the white flag regarding our national sovereignty and security. While President Bush has been out stumping his Iraq policy - and rightfull
Bush's
Surrender
Plan
october 2007 by inboxnews
Nancy Pelosi Calls Border Fencing Plan 'Terrible Idea'
september 2007 by inboxnews
House Speaker Nancy Pelosi said a plan to build fencing along parts of the United States-Mexico border is a "terrible idea". Pelosi made the comments during her trip to the Rio Grande Valley for the sixth annual Hispanic Engineering, Science & Technology
Nancy
Pelosi
Calls
Border
Fencing
Plan
Terrible
Idea
september 2007 by inboxnews
Faith leaders plan day-labor site, despite protest
september 2007 by inboxnews
Faith-based leaders plan to push ahead with plans to build a day labor center in northwest Houston, despite a strong showing by opponents of illegal immigration at a town hall meeting Tuesday night.
Faith
leaders
plan
day
labor
site
despite
protest
september 2007 by inboxnews
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