Obama's "SAVE MY JOB" bill



Obama trying to solve our unemployment crisis is like being stuck in a dark room on a moonless night trying to find a black cat, IT AIN'T HAPPENIN' FOLKS! The consequence of placing someone in charge of the USA who has ZERO business experience continues to reveal itself. As I have pointed out before in a previous post, surrounding yourself with a Cabinet who has a grand total of 8% of its members having any private sector experience results in abysmal proposals such as the recent American Jobs Act, also known as Son of (Failed) Stimulus, a bastard child.

This is nothing more than Cash for Clunkers and the Homebuyers Tax Credit with a different mask whose only intent is to create a large volume of results in a short period of time with ZERO LONG TERM IMPACT costing us BILLION$ we do not have. Let's look specifically at the ludicrous proposal of offering up a $4,000 tax credit for businesses who hire someone who has been unemployed for a minimum of six months from the perspective of the business owner.

First, I don't hire based upon a measly incentive, I add an employee because my business needs the new employee as my sales/services are in demand. Improving a flailing economy is about creating an environment that stirs up new or repeat customers, not about adding a payroll member who comes to work to learn he has nothing to do. I am going to hire regardless if the net effect on my bottom line is positive. Only in Obama's math classroom does $4,000 look bigger than the $40,000 it takes in salary, benefits and training expenses it costs to bring on a new employee. Absurd.

Next, another example of what this administration is all about--picking winners and losers! You have been unemployed for 5 months, the tax credit does not apply so you look less attractive to the hirer. Move along, continue cashing your Obama unemployment check, we don't need your application. Any legal implications? It has a little of that Affirmative Action stench to me.

Third, what prevents me the business owner from not manipulating the credit offer? I have been looking for a reason to toss out Pooky the burger flipeer so I fire him. Out with Pooky, in with  Cuz Eddie, the post-6 month unemployed dog washer. There is a net gain of ZERO in terms of unemployment numbers as one just replaced the other, but I now have a $4000 tax offset-- SWEET deal for me, BAD for the gubmint, HORRENDOUS for us the taxpayer.

Let's get real, the American business owner is not going to hire anyone for 3 simple reasons:

• The albatross known as Obamacare and all of its ramifications
• The uncertainty of the tax direction of this administration. As it is, this job's bill is funded by increased taxes on those who make over $200K, many who are the very owner of these businesses President What's-A-Lemonade Stand is trying to stimulate.
• Strangulation by regulation. During its first 26 months, the Obama administration imposed 75 new major regulations with reported costs to the private sector exceeding $40 billion.Business owners are now having to direct monies for compliant officers rather than focusing on growth.

This whole plan has nothing to do with jobs. The motivation is simply to develop a bill without considering any GOP input and then turn around and blame the GOP for nixing what is nothing more than a failure we have already seen, better known as The Stimulus Boondoggle of 2009. Unfortunately, the only one who remains unaware of the Obama chicanery is Obama himself.

Even a blind man in a dark room petting a black cat should be able to see the stupidity of the tax gimmickry....496 days remaining for the Party of Unintended Consequences...