Politico:
GOP grumbles about jobs plan
House Republicans may pass bits and pieces of President Barack Obama’s jobs plan, but behind the scenes, some Republicans are becoming worried about giving Obama any victories — even on issues the GOP has supported in the past.
And despite public declarations about finding common ground with Obama, some Republicans are privately grumbling that their leaders are being too accommodating with the president.
“Obama is on the ropes; why do we appear ready to hand him a win?” said one senior House Republican aide who requested anonymity to discuss the matter freely. “I just don’t want to co-own the economy by having to tout that we passed a jobs bill that won’t work or at least won’t do enough.”
Cannonfire:
A SOLUTION FOR THE JOB CRISIS!
How many jobs would Obama’s plan create? No-one can say for sure. The folks at Moody’s tell us that the plan would generate 2.6 million new jobs. Of course, the Moody’s crew helped get us into this mess when they handed out AAA ratings to crap securities backed by crap mortgages, so forgive me if I remain un-awed by their genius.
For the sake of argument, let’s say they are right. How much will each job cost?
The calculation is simple. (Here’s a calculator.) Obama’s proposal will cost $447,000,000,000. Dividing that number by 2,600,000 gives us $171,923 per job. I’d find that result more encouraging if the amount of jobs we got for the money was sufficient. But 2.6 million jobs aren’t enough…
The Economic Policy Institute says that we are down roughly 11 million jobs…
Let’s give these people the opportunity to join a jobs program which I, for want of a better term, will call The Program. The Program will offer a job to anyone who really, really needs one.
How much should people on the Program be paid? Well, one must consider variables. Parents with underaged children need a bigger paycheck than single people do. Rents are hideous in some cities. And of course, some workers are very skilled; many are not.
For present purposes, let’s say ten bucks an hour. On average.
Why? Because that figure is higher than minimum wage. You can live on ten bucks an hour. You will not live well, but you won’t be living on the street. Believe me: There are a lot of people out there who envy those who make ten bucks an hour.
Most of all (for the purposes of this post), the calculations are easy if we use that number. A person making ten bucks an hour makes $400 a week or $20,800 a year.
And now we know how much money is required to give those 11 million people jobs for one year: $228,800,000,000.
That’s roughly half the amount of money Obama is asking for his plan. So we can stretch this out for two years. Two years of guaranteed full employment for everyone…
Arguably, the Program should be restricted to smaller businesses. Firms would be allowed to hire only a limited number of Program workers…
Write Obama. Write your representative. Write your senator. Tell them to get with the Program.