13 September 2011

Is Obama's jobs bill doomed?

Obama's jobs bill looks like a good, if perhaps inadequate, start at creating much-needed jobs. Some money would go towards infrastructure, some towards schools, some towards police and fire department payrolls, etc. All important work to keep things running.

But don't hold your breath.

According to The Hill, Obama wants to pay for it all "by raising taxes on the wealthy and businesses."

Surely that won't pass the GOP-dominated House.

The GOP will likely push instead for more cuts to social services that benefit everyday people, so that the rich won't have to pay their fair share.

And, if recent history is any indication, any "compromise" will likely also result in reducing the cost of the plan, and therefore reducing the number of jobs created.

How much will Obama bargain away this time in the name of "compromise"?

And who will the voters blame next November?

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