It was excessively generous of Paul Krugman to describe Barack Obama’s jobs plan as “bold,” given the fact that it’s long-overdue and just happens to coincide with the start of Obama’s re-election campaign…
(Which makes my record pretty much perfect. Except for the odd 30 seconds here and there, I haven’t been entranced by the Golden Voice of Reason.)
But I do read David Dayen over at FDL. In this post he’s talking about the liberal bona fides of the jobs programs Obama listed.
School infrastructure repair and remodel sounds like a sure thing, 30 billion to 35,000 publics schools; that’s $85,000 per school. When you throw in community colleges at an unknown number, I worry that it might be too diluted, but still. Good.
The Job creation/ payroll tax thing? Sure sounds like a way for companies to cheat. We’ll see. Seems too little, and too easy to hire people and then whack them off the payroll – for profit! But I am much too dark these days.
But for sure, the work sharing program. I don’t know about other places, but I know that a lot of people in my old town used unemployment benefits to boost their income when the Company started into laying off for half-days, half-weeks, only to find out that each part-week they claimed counted as a full week of unemployment benefits, so that when they finally lost their jobs altogether, they had used up their benefit weeks without using up their benefit dollars.
I need somebody to clarify this, to promise that these job-sharers aren’t just getting fucked over under a different program.
And sincere thanks for your consistently great work, Mr. Dayen. I trust you, which is why I read you.
To poverty and social unrest in the UK?
Psychologist Timothy Wilson is an incredibly boring speaker, but has some interesting things to say:
Obama’s jobs plan:
- “We will continue to falsely diagnose a solvency crisis as a normal liquidity recession.” (I would otherwise have to demand credit write downs from those criminal banksters who pay for my reelection bid.)
- “We will cut the payroll taxes which pay for social security.” (This will make it easier to later gut the whole program.)
- “We will pay for that by later cutting Medicare and Medicaid.” (See how I never lose sight of my original aims.)
- “We also ask the Congress supercommittee to find more ways to cut spending.” (Time for the catfood commission to earn its name.)
- “We will give tax breaks to companies that hire workers.” (Just fire them from those well payed jobs, rehire them for less and get another tax break. What’s not to like here?)
- “We will give some money to the cities and towns so they can keep more policemen on their payrolls.” (We will need those when the people eventually start to revolt.)
- “We will put up $10 billion of the people’s money toward a public-private infrastructure bank. (Here is some upfront money for the banksters to privatize more of the now public owned space.)
- “We will also offer money to rehab vacant and foreclosed hoses that are now owned by the banks.” (They never really wanted those houses so why should they pay for them?)
- “We ask Congress to pass this immediately.” (Please don’t give anyone time to find out what really is behind these ideas.)