PEBO Provides Stimulus Details on Where and When the Jobs Will Be

Maybe yes, maybe no. We don’t know how this will shake out. The economy is still very fragile and having a large debt is not helping improve shore up the backbone of the economy. Already the Census bureau needs 1.2 million workers — but here’s the catch — no benefits. Part time/flex time. I guess somebody could live on $360 a week (part time $18/hr) with no benefits.
Now that the union has recessed and declined, there are hardly any high paying benefits supported jobs…you’re hard pressed to find them. The govt can only offer so much.
And another question I have — will the govt jobs be “union” jobs, or contract/temporary jobs. I just cannot see the govt expanding that much with all full time benefits supported jobs. A lot of them will be temp/contract.

Smoke and mirrors. Created or “saved”? How can you tell if a job is “saved.” While you can make a prediction of how many jobs are going to be lost, but its just a prediction open to manipulation. For instance, if the unemployment rate hits 8.8 next year after spending all this money, the government is going to tell us, “well, we underestimated the jobs at risk, and we would have had 9.8 unemployment.” Looking at the jobs “created,” if this weren’t a recession year, you would swear this was the same old proposed social programs of the 80s and 90s, rejected because of cost, relabled as a “stimulus” package.

It was a better speech. At least now he is not saying we are doomed. I wished he would have started with the words he ended with.
Now how does this work? 90% in the public sector? Well huge sums of money went to the banks and … nothing.
The Banks deposited the money to buy other banks. I feel better how about you? More monopolies are ready to be created when I want lower rates caused by more competition.
Also he mentioned the jobs would not be able to be outsourced. How? And if he wants to help how about a freeze on ALL H1B Visa’s that are destroying many industries.
How about busting up the monopolies like Microsoft? Like The Oil companies, Like the electric companies.
Oil companies own both the Oil supply and the Gasoline production. That controls sides of production.
How about a SPLIT.
The Oil company can own the Oil supply
but not the Oil refining production. goes to other companies.
How about getting rid of illegal aliens from the housing industry. They have depressed wages for years now.
How about the threat of direct housing loans at low rates to force the lowering of rates to closer to the fed rate. The profit is obscene when you buy a house or car. How about direct bulk loans to help fix the commerical paper that people hold.
How about the elimination of the corporate income tax?
WHO pays that tax? The people who buy the goods. The company doesnt print money. WE pay for this tax in higher prices.
Lets go to a national sales tax.
Eliminate this insane tax law.. OH that would be real change.

Nearly 250,000 jobs in government? That means we the taxpayers will be paying those salaries, which will require more taxes …
That doesn’t seem to add up to me.

Do you really believe this BS on job creation! It will never happen until this country starts manufacturing the things that its population buys at a fair price-also meaning that salaries must be reasonable and competitive. Government does not earn a salary-just spends yours!

i think a “job saved” means that the package will help you keep your job, if you have one. this really is a depression. yes there will be more federal jobs, but it’s better than paying people to remain unemployed at home. who knows many people may get better jobs, make more money, save more, spend more, buy houses and the economy might recover. at least it’s a plan.

I may not know muchon the matter at hand, but it seems to me that the best way to get the country back on track is to remind the people to help out. What I mean is stop spending money out of the country . Go back to your local stores. There are Walmarts every where, but I have only seen Finest in Ohio or H.E.B in Texas. Show your city that you will help pay to keep jobs. I work retail and don’t make that much money. I will never shop at Walmart.

lisa: So the solution is the government spending trillions beyond its means?

Paul Wall said “but it’s better than paying people to remain unemployed at home” Is it? I would rather see an extension of unemployment benefits coupled with educational benefits for retraining program to make employees more competetive on the global market rather than creating new government “make work” jobs which will either be temporary, or require decades of additional federal and state funding. In other words, teach American workers how to fish rather than giving them one.

Stimulus package? Does this mean those who have been stealing money from Joe Blue Collar can build his 50000 square foot dream house on the coast of Maine? When you come from wealth and you live in a bubble in Washington DC politics like most of congress chances you will work for the average American is small. It is time to make congress work for most Americans and ban congressman (former presidents from prospering from their political connections) and their staffer from working as lobbyists. By and large ban lobbyists from writing bills that benefit them. Id these things would

@anonymous “The Republicans will vote against the stimulus package bill.”
If only the Republicans were responsible enough to oppose this fraud. The republicans are spineless right now. A few will oppose it but many will cave to political pressure to support this crud even if it is only to provide political cover for themselves when it fails. We will see no meaningful opposition to this type of reckless spending until 2010.

Obama is just trying to justify his huge spending bill really meant to send to government money to his corrupt builder and eco buds like Rezko and Gore. It’s a scam……….and he isn’t kidding when he says it is open to “subject to significant margins of error.”
It’s is nonsense…..but as usual Obama is good at telling people what he thinks they want to hear.
And yes, undoubtly Obama will take credit for the jobs created at the Census Bureau this year…but I doubt he will push the concept of them being on temporary jobs already scheduled well before his arrival.

Interesting news today on TV. The commissioning of the new US aircraft carrier H.W. Bush on Fox news live. CNN, ABC, NBC……..nothing! TBS, HSN ….Obama coins.

AND, if his plan is to create 4 million jobs (50% by end of 2011), there will be another 10 million out of work by then! The solution? KEEP GOVERNMENT OUT OF PRIVATE BUSINESS! ‘Bama is taking this country to it’s knees and bringing this Great Nation to a Socialist Society! ‘Bama, if your listening, STOP THE SPEECHES!

Every time the jobless figure goes up, Obama increases his employment creation number—-this guy is GOOD!

Nikki said “When I look at my children I can’t help but think of the burden we are piling onto their shoulders.”
I agree. I worry so much what kind of world my kids will grow up in. How can they have a good future when they are stuck with such a huge debt? So much of the stimulus bill is just repaying those people that helped get the new president elected. I feel like my childrens future is being ruined just so the president can payoff his supporters. I don’t understand how anyone with children of their own could be so callous and unconcerned.

It’s obvious they are just making up numbers. The stimulus package was lower than expected and they start increasing jobs numbers from 2 to 3 and now 4 million? They are just making things up as they go.
The U.S. economy is the biggest ponzi scheme in the world.

Not one person will get any certification, journeyman training, or a career degree. The employment department’s idea of “Job Training” is “counseling”, “case management”, supervised resume classes, “life Skills” nonsense, labeling people addicted/alcoholic and forced to convert to the 12-Step religions, attending never-ending groups on how to get the most bang for you food stamp cards (buy expired rotten food and use lots of salt),and after doing all of their requiremnets they tell you to go hit the pavement and take any dead-end worthless, minimum wage job you can get. What did all this cost taxpayers? Slightly more than a REAL ASSOCIATE DEGREE that would get you moving on to a new career to thrive. And you are still unemployed and living on the streets now. Your problems have just gotten worse.

“protecting the vulnerable” most likely includes a hodge-podge of social workers, community advocates and organizers. No doubt ACORN will finally receive the funding cut from the original bank bailout.

Please explain why the Mother inlaw is going to be living in the White House. I suppose the Aunt that is here illegally will be living there too.
I guess that will create more jobs. Plus the Bowling Alley that will be torn out to put in a Basketball Court, will also create more jobs. What a freaking Joke!!!

Just think if the new presidet succedes you republicans cab give Bush credit… if he fails you will be happy.
Have any of you ever thought of the good for our country… no matter who does it?
We are at the point in this Reoublican administration that for many it’s a choice:
Starve now or pay later.
What does your conservitive God tell you to do?

I love the comments, “give him a break”, “let him try”. To those that have such a mind-set, there is no hope for someone that cannot speak clearly to the American public without a tel-a-prompter, that is going to govern by increasing the government. I ask YOU, have YOU read his Agenda? NO, I can see that you HAVE NOT! You need to increase your knowledge of this idiot and read every word that he has in his “plans” for America! Then come back and tell me to “give him a chance”!

Why are people concerned with Michelle’s mother staying with them a little while to help out with the kids? The first family pays for their own food & personal expenditures. Lots of people have Grandma help out with the kids instead of hiring a stranger, nanny, nurse. That is old fashioned “family values” to me. It is practical to have an unpaid family member there to help when their parents are in demand elsewhere.

durrs: You partisans just don’t get it do you. Who cares if it is a Democrat or Republican bilking you, unless of course you benefit from the largess of one of the parties. I think most will agree that, whichever party bears greater responsibility for this financial mess, it is clear the government screwed up. Now you ask us to “trust” the government to borrow and spend $4 trillion over the next 4 years, in programs suspiciously resembling campaign promises made before anyone was aware of the crisis, simply because the party of your favor is in charge? Going back to my 401K analogy, if your 401K lost most of your investment because of mismanagement and/or corruption, and then came to you asking you to triple down on your lost investment to get it back, would you trust them, or use your common sense?Would it make you feel any more comfortable if your 401K told you they had replaced the former, corrupt fund manager with a bright, new manager who, by the way, was working for the fund when all this was going on, and was openly planning ways to get even more money from you before you lost your orginal investment? Of course, not. But you except the rest of the country to set aside their common sense when it comes to a government that holds the country’s future in its hands.

AN IDEA TO HELP SAVE THE ECONOMY
Dear Barrack Obama and/or staff, elected officials, employers, and employees
My name is Jeremy S and I am an employer in the DC metro area. I have thought very hard about what I feel would help our economy in its time of need. Here is a brief outline of an idea that I believe might help us in the hunt for an economic crisis resolution. Please review it.
THE IDEA:
Create USFW “United States Federal Workforce” USFW would be a Federal workforce that would be run as an online database. “layed out similar to MySpace or Facebook” It would be created and funded in place of unemployment.
BASIC DESCRIPTION:
*USFW would be a network of unemployed people throughout the United States who would work on an as needed basis for businesses in need of employees, both temporary and full time.
*When a person is laid off from a job, instead of filing for unemployment they would go online and register for employment with USFW. They would build an online profile and describe the positions that they are best fit to perform. “profile/resume” They would begin work and/or start receiving paychecks immediately from USFW at a pay rate that is equal to the average of their last three years documented tax return income. (Capped at $70,000)
*In place of unemployment insurance all employers throughout the United States would pay the same percent “as paid to unemployment insurance” to USFW to fund the program.
*Each employer would receive a credit account through USFW where they would earn workers credits in the amount of “1 credit for every dollar paid in to fund USFW” Also they would be given the ability to buy additional credits, and would be offered incentive credits upon hiring new employees full time.
*At anytime through the online database, any employer could request workers from USFW. The employer could scan profiles and pick the profile of the worker that best fit their needs. They would set the requested time frame and click reserve employee button, and the credits needed for that employee would be deducted from that employers USFW credit account. The employee would be notified through the online database (or via US mail if required) as to the position requested and its location. “must be within 30 miles” The employee would be required to fulfill any work orders requested of them in order to continue receiving USFW paychecks. The employee would review and confirm the request and then report for work as detailed in the request.
*USFW would offer different levels of employees, and the employers will be able to review prospective employee profiles online and choose the one that works best for them. Each profile would detail the amount of points required for that employee, as determined by USFW.
THE REASONS IT WILL WORK:
1) It’s simple and low cost to set up. It will not cost tax payers, employers, government, or employees any more than they are currently paying, and possibly much less.
2) It will benefit everyone involved
a) Employees will begin working as soon as they are laid off from their pervious job, and they will continue to receive paychecks that are sufficient for paying all of their current expenses. This will protect their credit.
b) Employers will always take advantage of the use of the employees because at first they will look at it as free and/or discounted labor. This because the expense will not change their bottom line as they have been paying unemployment in surance along. Later they will begin to appreciate the fact that it will give them the ability to sift through applicants and build a strong permanent workforce. (which is a major challenge for employers)
c) Banks will reopen lending channels if they know that workers are guaranteed a paycheck even if they are laid off from their current job. This will also cut foreclosures significantly if workers are able to continue getting the same pay that they were earning before they were laid off.
d) It will help to keep people from getting discouraged and will keep them in the mind set of working.
e) It will eliminate people who try to take advantage of, or maximize the use of unemployment.
That is the basic concept; I think it could be a major step in solving our nation’s economic problem.
Example of how to pay for it: In this example there are 1000 employees in the United States, all employee gross wages are $100.00 and there are 20% unemployed. In this example employer’s contribution is 3% of gross pay to fund USFW. “as stated above, money paid by employer is in place of unemployment insurance”
800 “80%” people employed at $100 = $80,000. Employers pay 3% of $80,000 = $24,000 total paid to USFW
200 “20%” people unemployed a $100 = $20,000. If USFW pays 200 unemployed people the exact same $100 as they were making before being laid off. 200 X $100 = $20,000
$24,000 (USFW fund total) – $20,000 (money paid to 200 unemployed) $24,000 – $20,000 = $4000.00 surplus
This is an example of how the plan works even with as much as a 20% unemployment rate.
OPTION:
As an additional way to help stimulate hiring. The percent contributed by employers could fluctuate between .05% and 4% and could be based on the national unemployment rate.

And by the way, Kat, an expansion of those kinds of jobs would have little “stimulus” impact, and would instead constitute an unfunded mandate to state and local government or require a long term financial committment by the feds. I thought we were talking about economic recovery plans, not more social programs.

Thomas Dockery. where is your plan or are you just shooting your mouth off. I can see that all your posts have a negative spin on them but no solutions. list your ideas and let us see them.

A reply to panabiker …..
Bush’s tax cuts were for the wealthy and the corporations. Those tax breaks were part of republican trickle down economic thinking which believes that by giving the tax breaks to the wealthy / corporations they would take there new monies and invest it into infrastucutre and R&D which would then create many more high paying jobs.
Problem is the rich just bank most of it, or spend it on themselves, or use it to invest in something else that has no or very little benefits for Ameircans..
Those tax breaks came early in Bush’s 1st term, and there have been very little to no jobs created from it. In fact we are losing jobs now and those tax breaks are still in place.
Give th elower and middle class tax breaks and they will spend it. The will spend most of it on Ameircan soil which directly benefits other Americans which then benefits more Ameircans and it then trickles all the way up to the big corps / suppliers and the wealthy.
Trickle up works trickle down is a sham that only benefits the already wealthy

BlofeldBuildings
LMAO @ you maybe its the language you use and not the message

gjkotw01: These socialist programs are more temporary then the spying programs put in place by Bush. In fact, it’s been done before… during the Great Depression. They really are more along the lines of Investment plans then long term socialism.

Daryl says: “Bush’s tax cuts were for the wealthy and the corporations. Problem is the rich just bank most of it, or spend it on themselves, or use it to invest in something else that has no or very little benefits for Ameircans..”
1.) Yes, the rich bank most of it, which encourages banks to lend money to capital ventures, which in turn creates jobs, goods and services for EVERYONE.
2.) Yes, the rich spend it on themselves, and that in turn is going directly into the economy, via retail sales, travel industry activity, auto sales, home sales and anything else the rich purchase. Those purchases keep people employed. Ask any retail sales employee, auto dealer or travel agent. I’m sure they’re happy to see rich people do business with them.
3.) You’re being a little vague on your last point, “use it to invest in something else that has no or very little benefits for Americans..”. How does ANY investment, no matter what it is, NOT benefit Americans? ANY investment at all is a benefit. If they invest their money, that means they are creating wealth, creating goods, creating a service, creating jobs and creating a tax base. EVERYONE benefits.
Please give me an example of how investment does NOT benefit people?
And while you’re at it, please explain how “wealth” is supposed to “trickle up” from the poorer classes to the wealthy classes? Last time I checked, poor people were STILL unable to offer jobs to wealthy people.

I just hope that the wording in this stimulus package states that only American Citizens or those that are here legally are intitled to these jobs.

A reply to Daryl:
Well, I have a somewhat different view.
When the rich gets tax cut, they tend to spend on services such as luxury vacations, partying on expensive yachts or in Four Seasons Hotels, or on a lake-front property, or a 3rd home near Colorado ski areas, all of which create service jobs that are more or less local/domestic. When the not-so-rich get tax rebates, they tend to buy things like toys for kids, extra clothes, new TVs, and daily items that are most likely made in China, which create jobs in China but not much direct impact here other than Walmart and a few other retailers. So it’s not whether “trickle up” or “trickle down”, but where the biggest trickle will takes place.

taxed2death: We took a stand on the TARP and wrote, called and petitioned our Senators and Representatives in unprecedented numbers. It made no difference. They do not listen to us, and the only time they think of us is when they’re up for election. That won’t happen again for any of them for at least another two years. I agree totally with what you are saying, and it should make a difference, but I’m too realistic now to believe that it will.

MadeInUSA: So right! My Democratic senator responded with a form letter prepared in anticipation of his constituents’ opposition. My Republican senator, who voted for TARP, did not even give me the courtesy of a reply.

We don’t need a “stimulus”.
We need a “break”.
A “stimulus” is just a fancy word for the government taking our money and then spending it as they see fit, as if they’re some kind of economic professionals. The government will throw some money at the automakers, so they can pay their union bills. The government will throw some money at business, as an incentive to hire more workers (whether the businesses need more workers or not). The government will throw money at infrastructure to provide jobs for road pavers, bridge builders, etc. The government will throw money at schools, federal buildings, “green” energy, or whatever other loony cause they deem worthy.
DOES ANYONE SEE WHAT’S HAPPENING?
None of these solutions offer any long-term employment, or any wealth creation, or any goods or services that have any real value.
In short, HOW IS ALL THIS PLAYING WITH FUNNY MONEY SUPPOSED TO MOVE OUR NATION FORWARD? And where is this money coming from? When they’re through bilking the taxpayer, they’ll simply print “fiat” money.
What businesses and consumers need is a BREAK, not a stimulus. They need capital gains tax breaks, easing of regulations, easing of tariffs and a reduction of income tax. Don’t just throw money around like so many band-aids. Simply allow businesses and consumers the incentive to start hiring, working and purchasing again. Tax reduction is the incentive that is needed. THAT is the only way to spur the economy.
Of course, that will never happen. Because that requires GOVERNMENT to tighten its belt and reduce its size, and our illustrious leaders will not stand for that. THEY know what’s best. THEY have all the answers. We just need to sit back and let them “fix” everything with OUR money.

Wonder how many people actually read the analysis?
Having read the 14 pages, these are two observation I’ve have:
First, the purpose – the plan “should save or create at least 3 million jobs by the end of 2010″. With unemployment of 10% looking likely, is Obama’s desire to limit the damage good or bad.
If the public doesn’t care, and in fact, is willing to accept themselves as part of the statistic, then Obama’s concern is ill placed. If the public wants government interference, so they and their relatives don’t become statistics, but it doesn’t like this plan, then suggest some better ones. All the name calling just adds to the noise.
Second, the analysis projects that by November 2012 unemployment will be pretty much the same, back at 5%, with or without this Recovery Plan. That means that Obama could do nothing, ride the wave with his oratory skills, and claim economic victory as his re-election campaign slogan. That would be the most cynical, but by my reading of the analysis, politically most brilliant way to go. Of course it might mean 2-3 years of hell, for a hell of a lot of Americans.
It seems to me that his willingness to do something, at the risk of failing (because of loss of confidence by both Congress and the public), is actually a pretty gutsy thing to do.
Right now we are getting lots of ideological shouting with very few suggestions as to how to proceed. My guess is that in the end, the rich will keep getting richer…

Well Said Vet
Most of the economic problems lie directly with the greed of the American people at all income levels and that I got to have it now mentality…… The EVIL Bush Tax cuts, most idiots don’t even know what they actually were/are, and how they actually benefited them… the lemmings just keep chanting the liberal spin… I think the last eight years have been GREAT…. of course I actually believe in working, not sitting on my a.., waiting for a Government handouts, don’t live above my means, didn’t buy a car or house I couldn’t afford. If BO wants to give $1000.00 of my tax dollars back… that’s just fine. But I will pay bills or save it before I waste it on the overprice TV’s, of plastic Made in China junk Walmart sells.
I especially like the part about part about not sitting on my ass and waiting for a gov. check. Unfortunately after all these jobs have been created and filled there will still be just as many lazy freeloaders in the great entitlement society created by the liberal democrats. they have been ont the take for so long they won’t work because they haven’t had to.
Posted by: Vet1973 | Jan 10, 2009 3:03:31 PM

“Is a society based on gross consumerism as promulgatged by the United States sustainable on this planet? Perhaps not, but at least the Obama steps are in the right direction…”
Do you understand what the term stimulus means? He want to spend trillions building things and have people buy things that they normally wouldnt.

“Protect the Vulnerable” funding definition.
It appears to be program funding:
“Temporary programs to protect the most vulnerable from the deep recession, including increases in food stamps and expansions of unemployment insurance.”
Table 2 suggests that it is the Second largest job driver at 549,000. These programs might be worth extending but I cant see that they would be very likely to drive huge job gains. A large bulk of the income would go to either rent or mortgage and car expense. Paying down revolving credit debt. That kind of thing doesnt drive consumption based expansion. You’d sustain some level of low end retail activity but I think the claimed jobs are completely disproportionate.
One other thing- Romer’s report says “We have assumed a package just slightly over the $775 billion currently under discussion”. How does Obama get to the the “trillion dollar deficits for several years” that he has spoke of? Spending 775B in Yr1 doesnt mean you get over a trillion in Yr1, Yr2 and Yr3. Is Obama planning large program not mentioned here?

“How does the stock market ‘crash’? Well, the people with a lot of shares start selling them. Why? To make as much money as possible.
Who loses? Everybody else who had only their pitiful little amount of shares and didn’t see what the big shareholders were about to do.”
If you never sold your shares you didnt ‘lose’ anything.
If the rich sold so much stock who could have bought it? Only someone who had a lot of money- ie another rich person who disagrees about the future value of the stock. So there are still probably just as many rich guys in your stock position after the selling.
Almost no one owns just individual stocks (yeah, I know you are the one guy). Usually what they have is a mutual fund or a number of mutual funds that would move individual stock positions for them. So you could be moving in and out of things everyday, just as much as a ‘rich guy’ and not know it.
Essentially your entire analysis is off.

Sorry Burt your analysis is off.
The people who do hold a lot of individual stocks are the very wealthy. They are the ones who bailed on the stock market early and continued to sell it out towards the crash.
The people with mutual funds are largely the middle class mentioned so frequently during the last election. This is the money that was slow to move and ended up paying the profit taking of the people who gained from the sell off. Make no mistake, some people benefited handsomely from the sell off.
The high-end wealthy (the Bush elite) made off like bandits. The middle class took the hit.

How much taxpayer money will Obama pump into ACORN? I mean, he owes them a ton..
……as does Franken. It would be money
well-spent, a gracious tribute to his
roots…..the roots that nurtured and
produced this mighty political oak
tree, which has towered over mundane
legislators to win its place in the
sun, to serve us, to protect us….
……zzzzzzzzzzzzzzzzz.

Stop whinning!!!!
Let President-elect do his JOB!!!!

That’s all we need, more government jobs. Government jobs are like riding the gravy train….lots of money, little work expected, although lots of **** kissing required.

America: Good luck.
But I fear for you because Obama is an idiot. He will make a terrible situation worse. Start looking for your wheelbarrow to bring the dollars for a couple of loafs of bread. We are heading in that direction.
Thanks Obama.

Most of the American public understands the new administration has been handed a country and a government in financial turmoil – dire straights.
They understand completely that things are not going to be rosy or easy for the next while due to the tremendous hole dug by the previous administration.
Only a few slow on the draw types will be dull enough not to see this, and they will likely be individuals with their own biased agenda.

Last year Mexicans sent over 650 million dollars from their U.S. jobs back to Mexico.Other foreigners sent money out of the country too.So what is this 800 Billion dollars supposed to do for Americans?Who will work?Who will get a credit card or pay a mortgage?So far it has been all about private company bailouts and nothing for the little American.

From what I’m hearing the president elect is preparing the people of the united states for change! Change doesn’t come easy, or without a little pain, but when necessary it has a huge impact on those affected! People need to realize that we have been rapped up in “what’s best for the individual,” and not “what’s best for the whole.” this is the mind set the entrepreneur! Business on a small scale considers profit and losses, I see this in every question posed in the post. Everyone is worried about losing; can you imagine the loss if the president elect did nothing? Everyone might as well learn the speak Chinese! Keep doing what your doing President elect, we support you!

We would not be in this situation if we weren’t sending our work overseas and then letting the Mexicans take the jobs we have left!