Phony “Jobs” bill

Congress is about to introduce a new $85B stimulus, er, “jobs” bill that almost everyone admits will create few jobs. Huh? What? Wait a minute. (Story here)

It’s a bipartisan jobs bill that would hand President Barack Obama a badly needed political victory and placate Republicans with tax cuts at the same time. But it has a problem: It won’t create many jobs.

Even the Obama administration acknowledges the legislation’s centerpiece — a tax cut for businesses that hire unemployed workers — would work only on the margins.

As for the bill’s effectiveness, tax experts and business leaders said companies are unlikely to hire workers just to receive a tax break. Before businesses start hiring, they need increased demand for their products, more work for their employees and more revenue to pay those workers.

OK, so what exactly are we spending $85 BILLION for? So our dear comrade leader can get a legislative “win?” Sounds pretty expensive to me.

Read Doctor Zero’s comment here.

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