Kerry Baynes: The Obama “Jobs” Bill: More of the same
By HHR | October 12th, 2011 | Category: Opinion/Reviews | No Comments »
The President said that the proposed Jobs Bill is awaiting Congressional action. He needs authority to act. Where is his initiative? The Bush administration “did the necessary” by Executive Decision, and despite what the naysayers may think, Economists agree that the Economy never looked better. Employment was high; Homeownership was at its peak, consumption of Foreign Imports showed robust US demand.
How much of this jobs bill has been vetted with the private sector?
How many businesses were consulted on the solution before it was touted as the cure all for the economy? How many businesses are onboard with his proposal? Experience – the US credit downgrade, and recent stock market tumbles, specifically–leaves me to doubt the President’s decision and question his lack of initiative. The plan is geared to implement contractionary fiscal policy, i.e. limiting the amount of money in the economy. During a shallow recovery, this may not be the most prudent course of action. Current prices are stable and the likelihood of inflation is still remote.








