Obama's jobs plan: 'Dead on arrival'?

Republicans and business owners are dismissing the president's proposal to fight unemployment — before Obama even sends it to Congress

The jobs plan President Obama outlined last week will be officially presented to Congress Monday, where many believe the House will kill it to get a one-up in 2012.
(Image credit: Pool/Getty Images)

President Obama is sending his jobs plan to Congress on Monday, but House Republican leaders have already signaled that they intend to cherrypick parts they like instead of voting on the entire package. "A lot of this plan is probably dead on arrival," says Rep. Duncan Hunter (R-Calif.), as quoted by the North County Times, San Diego. Plus, many employers say Obama's proposed $447 billion mix of payroll tax cuts, extended unemployment benefits, and infrastructure spending is unlikely to encourage them to do any hiring anyway, since they're waiting for broader economic improvement, not any particular incentive, before spending on new employees. Does Obama's plan stand a chance?

Nobody is buying what Obama is selling: You know Obama's in trouble when he's getting "a raspberry from businesses," says Yves Smith at Naked Capitalism. They are, after all, "the object of Obama's tender ministrations." Remember, the president's first "barely stimulative stimulus" destroyed the nation's faith in the sort of remedies he's proposing for our painful unemployment problem. America won't be fooled twice.

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