Touting increases in private sector jobs, restructuring and recovery in the auto industry, and saving thousands of jobs that could have been lost, President Obama said -- with an eye towards the future -- "Don't bet against American workers."
Welcome to Transcending Turmoil where I share my random views on politics, the law, religion, sports, pop culture, cars and fashion (I made that last one up).
Saturday, July 31, 2010
Who is Really Betting Against American Workers?
Friday, February 12, 2010
No More Music Television on MTV - Is this Really News?
Thursday, February 11, 2010
Does the Thought Really Count on 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.
"We're skeptical that it's going to be a big job creator," said Bill Rys, tax counsel for the National Federation of Independent Business. "There's certainly nothing wrong with giving a tax break to a business that's hired a new worker, especially in these tough times. But in terms of being an incentive to hire a lot of workers, we're skeptical."