Saturday, January 3, 2009

Obama's jobs plan, changed again

A few weeks ago, in his weekly youtube video, President Elect Obama promised to CREATE OR SAVE 2 million jobs! Today he CHANGED his plan and says the "No. 1 goal of my plan ... is to CREATE three million new jobs, more than 80 percent of them in the private sector.” (notice we are not "saving" anymore)

So within a couple of weeks, he is offering dramatically a new plan adding 600,000 new government workers to his agenda and not saving but creating additional 1 million jobs .  Are these just "changed" words or they really do some work and come up with new strategy?  How can he promise 2 million new private jobs without promising to cut corporate taxes?  Remeber, that the U.S. has one of the highest profits levies in the developed world: 35% at the federal level, with another average of 5% from state and local taxes. Only Japan has worse. In contrast, Ireland's rate is a mere 12.5%.  So, Obama better explains how is going to "create" all these "private" jobs!

Watch the address above or read the text HERE.