Obama’s Big September Jobs Plan Is to Re-enact the Stimulus
posted at 4:33 pm on August 21, 2011 by Howard Portnoy
Obama senior campaign strategist David Axelrod appeared on CNN’s State of the Union on Sunday, where he provided viewers with a sneak peek at the ambitious new jobs plan that the president has promised to unveil after Labor Day.
So how does the president plan to put unemployed Americans back to work while simultaneously slashing $1.5 trillion from the federal budget? By repeating the stimulus.
As Axelrod freely admitted, “These are not all new ideas.” He elaborated:
There are things that he [the president] has been asking Congress to do for some time, for example extending the payroll tax cut that was passed in January for another year. There are basic things we need to do relative to infrastructure, rebuilding roads and bridges, and that needs to get done. So some of the things will be familiar because he has been talking about them.
Axelrod must be in some sort of time warp because I would swear that Obama has not only “talked about” these ideas but actually got Congress to vote them into law in 2009. The measure even had a name: The American Recovery and Reinvestment Act. It cost taxpayers somewhere in the vicinity of a trillion dollars and has since failed to do squat for the country.
Even more baffling is that Reuters, which is hardly a critic of the White House, writes that economists agree that extending payroll taxes, one of the key provisions of the plan, is likely to have little impact on job creation though it will add another $120 billion a year to the deficit.
In light of this and similar facts about the proposal, one might ask where the trillion and a half dollars in savings will come from. Axelrod assured viewers that some “modest adjustments” to Medicare and government-run entitlement programs would be made.
All in all, he said in closing, there is “nothing in [the plan] that reasonable people shouldn’t be able to agree on.” It sounds as though Axelrod is as crazy or delusional as his boss.
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