President Obama’s Job Plan: New Details Unveiled
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Tonight on World News we reported on new details of the president’s job plan that he is set to reveal next week – a plan that is critical to his re-election.
Today the White House told us it will be “new,” “significant,” and “detailed” and promises that President Obama’s highly touted speech includes a proposal for how the government will pay for these initiatives without adding to our debt. And ABC News has learned that Obama will take aim at three areas in hopes of helping the 14 million unemployed Americans.
- Tax Relief: President Obama will propose tax relief incentives for companies that create jobs and hire new workers.
- Infrastructure Investment: The president wants the government to invest in clean energy and new construction projects to build schools and transportation.
- Assistance for Long Term Unemployed: Obama wants to help those who have been out of work for six months or more, which adds up to about 6 million Americans. Specifically the president is looking at a program such as Georgia Works – which gives unemployed Americans eight weeks of training at a local company while allowing them to still collect their unemployment benefits. And it’s no cost to the participating company.
And as John Berman reported tonight, Georgia claims that the companies hired 24% of those workers while another 60% were hired elsewhere.
Let me know what you think – will these proposals work? You can write your comment below or tweet me at @GStephanopoulos
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Does Obama really want to help create private sector jobs? How many small business people has the president met with? How many times? People who go back to work, pay taxes and probably reduce govt unemployment payments. Jobs create in the oil and gas setcors eventually also add excise tax and royalty payments to the Fed govt.
Posted by: deanbob | August 31, 2011, 12:34 pm 12:34 pm
Sounds more and more of a rehash of stimulus 1.
We all know what that did. If he wanted to help he slash the federal gasoline tax for
a year. And forget the 2% he wants to take out of Social security fund. Social security needs every penny it can get. Remember he was threatening to take the checks away.
Posted by: deadwrestler | August 31, 2011, 12:48 pm 12:48 pm
George..do your homework…in September 2010 (yes 2010) Obama told Brian Williams that once he returns from his vacation at Martha’s Vineyard that he was going tio introduce his “Job’s Package”….that was in 2010..I know you can look it up and listen to the tape..that was in September 2010; the same exact thing…but why don’t you call Obama on it?
Posted by: Bob | August 31, 2011, 12:52 pm 12:52 pm
This guy is clueless as to what it takes to create jobs, having no experience with job creation, or ever having held a real job himself. ATT would bring 5,000 jobs back to the US with the proposed merger which has now been nixed. Really???
Posted by: Larry Shoe | August 31, 2011, 12:54 pm 12:54 pm
The issue I have with education is that we have a disparity of performers within this country. We need to address that, and unfortunately it will require serious reform. Throwing money at the situation is not always the answer, it is finding the solutions and sometimes it is inexpensive. All children are capable of learning, their home environments (that is if they have a home) are critical to their success also. Some subcultures within the United States value education more so than others, this is something that should be brought to the forefront without fear of being labeled.
Posted by: phantomniter | August 31, 2011, 1:07 pm 1:07 pm
Deanbob: Small businesses are critical in this country, I’m sure he realizes this, as with clean energy companies, there are numerous small ones. Time to bring in some R&D research to produce American jobs on this soil. Some alternative energies require that it remain on American soil such as biomass. Fossil fuels are finite and produces pollution.
Posted by: phantomniter | August 31, 2011, 1:10 pm 1:10 pm
Giving companies free handouts amounts to about as much as bringing in illegal aliens across the border to take American jobs at a substandard wage. Private companies all do their work differently, so learning a job at no cost to a private company that is not going to hire employees long term is wasting people’s time and money. It is not a fix to the job problem or the economy problem. Making private companies walk the line and preventing them from being greedy and doing a disservice to America like outsourcing good paying American jobs to places like Malaysia ( like Shell Oil did with the Shell Solution Center in Houston, TX and many other good paying jobs just as soon and Bush’s back was turned and during the changing of the guards when Obama took office) is productive for America. Giving private companies free assistance with labor, manpower and staffing their offices is counterproductive and will create a major problem for American workers down the road.
Posted by: Unemployed from Gulf Coast Memoriam on Drilling | August 31, 2011, 1:14 pm 1:14 pm
Why isn’t job creation tied to the tax breaks all these ‘job creators’ got from Bush and continued on with Obama. If they create jobs, fine, give them a tax break. No jobs, no tax break. Repeal the Bush tax breaks and put this in its place. No tax breaks for people sitting on their money or worse yet, sending jobs overseas.
Posted by: Caterhine | August 31, 2011, 1:16 pm 1:16 pm
How many people do you really think will watch when it is the same old story over and over?
Posted by: Freedom | August 31, 2011, 1:40 pm 1:40 pm
Apparently, getting this guy to drop Keysenian economic theory is like pulling an impacted wisdom tooth.
Posted by: newcountryman | August 31, 2011, 1:41 pm 1:41 pm
More solar in Obama’s speech/? Following Obama’s speach here, solar company Solyndra is closing down and filing for bankruptcy – laying off 1100 workers.
Posted by: deanbob | August 31, 2011, 1:46 pm 1:46 pm
Caterhine | August 31, 2011, 1:16 pm ….Do we want max fed income tax or BS? The Bush tax cuts resulted in record federal income taxes 2005-2008
Posted by: deanbob | August 31, 2011, 1:55 pm 1:55 pm
Everyone knows the problem with jobs. The US is a free market economy and when the large corporations tapped the Chinese and Indian job markets for lower wages the US job market suffered. The federal government can not solve this problem. I agree with investing in education and helping out the long term unemployed as long as we do not add to the deficit. I guess i need to brush up on my Mandarin and Hindi?
Posted by: Kevin | August 31, 2011, 2:01 pm 2:01 pm
The best thing he could do to create jobs would be to announce that he will not be seeking reelection, that he apologizes profusely for doing so much damage to our economy, that he now realizes his health insurance mandate was unwanted and counterproductive and will be repealed, and that he will be spending the next year golfing. You’d see spikes in hiring immediately.
What most of us want is for him to forget about creating jobs, and focus much more on doing much more of nothing. We can take care of it. We don’t need him.
Posted by: Barry Cooper | August 31, 2011, 2:20 pm 2:20 pm
This is going to be a big next few weeks for Obama and determining how early how hard his bid for reelection will be…Do you think his job proposal will help boost his poll scores? Come and discuss on a open public platform that specializes in political polls and discussions:
Posted by: Alex_Votocracy | August 31, 2011, 2:42 pm 2:42 pm
I built the fab 2 and i have to say that Solyndra sure spent a lot of money on things that were not needed. I knew they had poor managment from the start, this is of no supprise to me. Good job Obama on your epic fail!!!!
Posted by: john | August 31, 2011, 3:06 pm 3:06 pm
infastructure ok, job creator tax credits ok……no more freaking unemployment extenders please. we have all seen first hand that jobs are obtained the minute unemployment ends, when you have nothing any job is a good job..and no we are not entitled to anything other than an oppurtunity.when you extend someones unemployment comp you merely extend that person time to actually start working again. green energy stuff is a joke and doesnt create jobs it loses them.
Posted by: catman | August 31, 2011, 4:34 pm 4:34 pm
I’ve been out of work for 2 years. Been on 6 interviews in TWO YEARS!!!! Two of them – no call back and the other four “decided to hire from within”. I soon will have no money to pay my phone bill or or put gas in my car to even GET to an interview! How are any of these ideas going to help someone like me?
Posted by: Gladice | August 31, 2011, 4:53 pm 4:53 pm
Considering that three major US solar manufacturers have filed for bankruptcy in the past month, one of which was backed by $535 Million government loan (now just a loss I assume) and that these companies will be putting thousands of workers on the unemployment lines, I think he needs to give up on the “clean energy” rhetoric and recognize that it is a lousy idea for helping anything but a tiny part of the economy. The return on investment so far has been terrible and it is likely to get worse. As for the other ideas, tax credits for new hires might help, but I thought we already tried extending unemployment for over a year. Sending subsistence level checks out might be helpful, but can’t be a long term solution and won’t create jobs, just more debt.
Posted by: John | August 31, 2011, 4:59 pm 4:59 pm
John, solar is a small part of renewables, and Germany is the leader in green energy and has a growing and successful economy built around it. Their economy is growing and doesn’t require more fossil fuels to do so because the gap is being filled in by alternatives.
Posted by: phantomniter | August 31, 2011, 5:26 pm 5:26 pm
fossil fuels are currently the cheapest from of energy and we are sitting on the largest reserves.alternatives work in germany as their cost of fossil fuels are significantly higher than ours.why not reduce our dependance on foreign fuel by extracting our own and tax a portion of which goes to fund tax credits for those who dabble in alternatives?
i guess when when i got my mba the choice was lower energy costs and few dead seaguls on the beach and people employed or seaguls frolicking while we stand in the unemployment line?
people come first.
Posted by: catman | August 31, 2011, 7:22 pm 7:22 pm
1. Democrats typically don’t like to give tax incentive to those greedy corporations. After they do, they talk about how bad they are (remember the corporate jets?) 2. Infrastructure is necessary, but can President Obama play fairly. Many new construction projects have initial costs, and ongoing costs. The federal government pays some of the initial costs, and the states/localities are responsible for ongoing costs.Local taxpayers are then on-the-hook. (Why would a city/state want to accept a project for which they would not pay themselves?) Many localities have increased taxes to repair their schools/roads/etc. Under the President’s plan, I assume that those localities will be offered no help. So, the local government has increased my taxes, and the federal government will increase my taxes to pay for another city’s/state’s schools. Not very fair. 3. Let’s truly help the long-term unemployed by making it easier for companies to hire. Start by lowering the corporate tax rate so companies don’t hold profits in overseas subsidiaries. Help make us more competitive with the rest of the developed world.
Posted by: jack smith | August 31, 2011, 7:31 pm 7:31 pm
what about high school grads and college students who need jobs
Posted by: jon | August 31, 2011, 11:19 pm 11:19 pm
Me and my Wife are having a baby girl, we just recently bought a used baby crib. Neither of us like the old blonde color stain and we want to spray paint it white. I want to make sure that the spray paint that I use will not hurt my baby girl in any way, since baby’s chew on the rails. Any suggestions???.
Posted by: Erlinda Carel | September 1, 2011, 2:47 pm 2:47 pm
What I have learned is this: (1) A Bank will be established to distribute funds to worthy infrastructure projects. (2) Corporations and “mid-sized” business would offer job project proposals to the banks. the banks would sign-off on the loans to these jobs proposals. Jobs will be created as projects are completed.
Now, tell me: Do Banks ever do anything for nothing? And do Corporations ever make jobs now? Both answers are NO. Obama’s Jobs plan is just another way of giving out money to the elites in the hope of gaining another term. With so-much unemployment the jobs created will ONLY be minimum wage, and only be temporary. This whole plan is evil.
Banksters win (fees, overheads, and CEO wages) and Corporations win (no small business can apply for the loans. The projects must be over 10 million in value ). It is disgusting what is happening. But, if the plan goes through Americans really deserve the utter pain that will accompany this royal, quick, corporate shafting.
And it will pass, hahahaha. Everyone’s on the take from thetop down, all but loyal citizens. Its about time, but to say this is like pissing in the wind, to review what TREASON is. Sheep don’t need prophets, sheep only shearing. And this is exactly what they will get.
It’s a great pity. Baaa baa baa.
Posted by: sally | September 1, 2011, 9:23 pm 9:23 pm
More “green” jobs? Three solar plants shut their doors in August alone.
Posted by: TJ | September 2, 2011, 10:17 am 10:17 am
Clean energy jobs is a new plan? Hasn’t he been talking about those for the past three years? More unemployment checks is a new plan? Hasn’t this been done repeatedly over the past three years too?
It is starting to look like the new plan is just the old plan with the word “new” stuck in front of it…….
Posted by: Heather | September 3, 2011, 12:14 pm 12:14 pm
Government stimulus jobs are not net contributors to the economy. These tremendous infrastructure jobs require great expertise. You don’t find this expertise in the unemployment line. You find it already employed. So you lure someone away from their private employer. Their private employer must spend money to replace and train the new employee and will have had to put his projects on hold which involved the recently departed expert until the new manager is in place. And once these jobs are designed, who will build them. Is your local unemployed housebuilder qualified to build a road? No! How about your unemployed plumber, house painter, engineer, computer geek? No, jobs are not fungible. You can’t just move workers around from one place to another as if their area of knowledge is irrelevant. That’s how the Soviets did it. Did it work for them?
Then when all these roads are built, the jobs simply disappear. Poof. And was anything created that attracted private investment for THE FUTURE?? No. This is nothing but a scam. The federal government is a Keynesian nightmare.
Posted by: Lizzie | September 5, 2011, 7:45 pm 7:45 pm
More tax cuts? Tax cuts are how we got into this trouble. It time for the have-nots to step up and start paying taxes. Its also time to vote anyone who is pushing tax cuts out of office.
Posted by: notsayin | September 6, 2011, 4:25 am 4:25 am
It might if they loose the tax break for outsourcing head count to another country, it should stipulate a positive growth in US based employment, not 1 hear two outside the usa. Otherwise it’s just a wast of money and effort to provide the Greedy large companies with more cash to sell out the American worker, who by the way is still their main customer, it’s a house of cards..just waiting to fall, in the couple of recessions.
Posted by: Eric | September 6, 2011, 1:43 pm 1:43 pm
New detail revealed:
“Huh??? I thought I was announcing Steve Job’s replacement…” Hopey Changey.
Posted by: Cheila | September 8, 2011, 10:38 am 10:38 am
Solar: Taxpayers created thousands of jobs in China!
Infrastructure: The US highway system was built without subsidies. Tolls paid for it! People who benefit from the infrastructure should pay for it.
Unemployment: Permanently eliminate anti-growth regulations. Close the EPA.
Get the government out of our way. Let us plan our own future and hire people.
Posted by: Alex | September 8, 2011, 12:21 pm 12:21 pm
Where is the money for this job package? We already have a $14T deficit.
The projection of jobless is only 14M. Where does that number come from, and how was it calculated? What about those that have fallen off the unemployment rolls and barely scraping by with odd jobs, etc.?
A company must have a ‘need’ or an increase in production as a reason to hire workers. No money, no expansion. Where is the increase in production coming from that will allow companies to hire?
What kind of infrastructure investment? Will there be a bridge in Alaska again that leads to nowhere? How many schools? The latest information from the US Census is there is dramatic decline in school age children with the increase in aging baby boomers. Schools in some areas area already at 1/2 capacity. Where would these schools be built?
What kind of clean energy? Who decides that? Are we going to see something akin to $1M hammers and anti-exploding toilet seats?
Unless Obama can give me a written document or plan that explains how all of this is going to occur, then I don’t believe what Congress or Obama has to say about it. Has anyone ever thought: “They could be lying about where the money will be going——-about how many are really on unemployment——-about what kind and size of tax relief there will be for companies—-infrastructure investment!”
Posted by: Jacquelyn Phelps | September 10, 2011, 12:34 pm 12:34 pm
Let’s add the 40 Trillion of IOU’s for the social security trust fund to the 16T of spending and look at the real number, 56T ! Let’s add the people who gave up looking for a job to the 9.4% unemployment and it’s looking like 16%… Let’s look at the relatives of the illegal aliens added to the admitted number of 12 million and you get over 20 million sucking off of the schools, hospitals, medicaid, section 8, and all of the infrastructure of our strained system. Let’s add up missing tax revenue from the ones working “under the table” getting paid cash and never reporting any of it… All of this just doesn’t add up!
Posted by: Mr T | September 13, 2011, 8:29 pm 8:29 pm
Assistance for Long Term Unemployed:
Yea great one small glitch NO JOBS MORON!!!!.
This administration can’t create any jobs and cater to illegals at the same time.
THEY STEAL AMERICAN JOBS. They come here get a job there’s one less for an American whats so hard to understand?
Back Door Amnesty just encourages more to come WHATS SO HARD TO UNDERSTAND???
More come ,more steal jobs less jobs for Americans.
Posted by: DirtyDave777 | September 15, 2011, 6:12 pm 6:12 pm
NO more phony make work union payoffs.
Posted by: Carl Gottstein Jr. | September 24, 2011, 5:44 pm 5:44 pm