Save or Create Three Million Jobs: The Obama Plan
I am no mathemagician, but lets see if I have this correct. Obama’s plan will save or create 3 million jobs over the next “few” years. In 2008, Americans lost around 3 million jobs.
Lets say Obama’s plan “creates” 3 million jobs; that would put us back where we were 1 year ago, the difference being we would be another trillion dollars in the hole.
What if his plan “saves” 3 million jobs? In a few years time we will be exactly where we are right now, also another trillion dollars in the hole.
I’m not exactly seeing the long term value of this of this plan given the “save or create” and the “few years”. Both seem to be a bit fuzzy.
I’ll admit, I do not know how to save the economy. My only experience with this type of situation comes from the times I have played SimCity. That’s right, a video game. A game in which you are the mayor of a city and you job is to build it from the ground up. In my cities, the only way I was ever able to build jobs and increase the city’s revenue was buy cutting industrial and commercial tax rates. When those tax rates were cut, more companies started to build and more jobs were created. People started moving in, and the city had an influx of cash to use for programs.
Had the game had an option to throw money to citizens and to companies to use for special projects, I would have tried it. So Obama, get in there and cut taxes and everything will fall into place.
I wonder if you could count it this way. We spend $800 billion on saving 3 million jobs. If each of those 3 million jobs would need pay $2,666.66 in 1 year for us to break even. I think it is doable. I pay this amount every few months. So on balance it seems realistic.
I am not an economist, but from an income tax perspective, I would create/save that many jobs even if I need to spend money on it. It would likely return in a matter of months via taxes anyway.
Plus those people would spend more being employed than not, so that is a contribution to the economy too…
On the tax cut. I think instead of a tax-cut the government should issue retail vouchers. We each get 10 $100 vouchers that can be spend anywhere in retail America. Then the retailers send it to the Government to get reimbursed. Can you imagine the competition, retailers would be begging you to spend this money at their stores. Win for us on so many levels.
I just wanted to add… WHY does it have to be either or? Why can’t he SAVE AND CREATE 3 million jobs. That way we have 6. How simple is that?