Barack Obama and Jobs Act Research

Topics: Barack Obama, Bill Clinton, United States Pages: 1 (307 words) Published: February 25, 2013
American Jobs Act Research Report

In fall of 2011, President Obama made a set of bills to encourage growth and recovery. It was called American Jobs Act. Even though the bill never got passed, I thought the act would have worked. I’m not saying it was the best, because nothing is perfect. The purpose of the American Jobs Act is simple: put more people back to work and put more money in the pockets of working Americans – without adding a dime to the deficit. He also said that the bill would not add to the national deficit and would be fully paid for. President Obama did not mention it in his speech last night, but his American Jobs Act contains one really bad idea that will probably destroy jobs in a misguided effort to save them. That it would be impossible to do $450 billion of spending, after we've spent, spent, spent. Also you got to realize why some people don’t have a job. Jobs have been lost because of advances in technology. Jobs have been lost because they've been outsourced. Even if passed intact, U.S. President Barack Obama's jobs plan, though ambitious, would at most nudge down unemployment by a single percentage point over the next year. Although, the job act really does sound good. Having tax breaks for individuals and businesses. Financial aid to states aimed at repairing schools and retaining public sector jobs such as policemen and teachers. Also, add money to repair and upgrade transportation infrastructure, such as highways, railroads, and airports. If the act would have worked, it would have given small business growth and more employees. Cutting payroll in half and a complete payroll tax holiday for added workers or increased wages. The act could have been a blessing or a curse and we will probably never know.
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