The White House: 'President Obama Presents American Jobs Act'

Source:The White House- President Barack H. Obama (Democrat, Illinois) addressing the 111th Congress about his proposed American Jobs Act.

"Shares plan to create jobs with joint session of Congress. August 8, 2011." 

From The White House

Actually, I would prefer to call this post:President Obama Finally Goes On The Record, but I'm limited as far as how many characters I can share when it comes to titles on posts with social networks. And you really need to be a social networker to understand what that means. And if you are absolutely dying to know what that means, send me an email and I may answer that for your you. But keep in mind, I might ask to see proof that you are actually dying, so I don't expect seeing any emails on social networking. But so be it I can put the full title of my post. LOL

I would give President Obama 9.5 tonight which would be like a three run home run (for you baseball fans) on tone, substance, and length. My only problem with the President's Speech would be him pushing for tax credits to encourage business's to hire. It's not that business's don't want to hire right now, it's that they don't believe they can afford to hire, because of the lack of demand. Any tax credits should relate in encouraging people and business's to spend money because of our lack of demand. Which would lead into more hiring to meet the new demand. Something like a payroll tax cut, or consumer tax credit that people would have to spend and not save. 

President Obama was very strong on infrastructure spending without actually mentioning infrastructure. Coming out in favor and going on the record for a National Infrastructure Bank which would pay for itself after it gets start up capitol. And the figure is good as well 447B$. I would put most of that money in a NIB and let them do their work. Start rebuilding and building schools, bridges, airports, dams, highways, buildings, etc, to start putting our construction Workers back to work. 

President Obama not only talked about an extension in Unemployment Insurance, but empowering these people to go back to school and get additional skills. As well as subsidizing their employment as they go back to work for free as far as where they work. But they would still have their Unemployment Insurance and be able to keep their skills in check, especially for the long term unemployed. 

President Obama talked about passing the three trade deals that he hasn't pushed very hard or even sent up to Congress: Central America, Columbia, and Korea. So American business's can sell their products oversees and we can have the same trade access in foreign markets as they have here. 

I believe the President went into this speech knowing that the House Republican Leadership won't pass it as it currently stands. But with how House Speaker Boehner and Leader Cantor have reacted to it, not calling it DOA and being in favor of some type of payroll tax credit as well as infrastructure spending.  

The President has been talking about creating jobs for thirty three months now, without actually putting anything in writing and sending something up to Congress. And tonight he finally went on the record and put a jobs plan on the table.