Transparency on Americans Job Act

Obama fails to address what Americans really need. His jobs plan sounds good, but it lacks any sort of true fix. Some will call it bullshit and nothing more. The  average American has to look at the bill and ask, “How does it help me“? Can any unemployed American look at this plan and determine that they have a strong possibility of gaining a job within 90 days? But Obama provides cushions for businesses and neglects the needs of the rest of America.

Obama addresses small businesses; he has claimed that they are an important facture of the American economy. He zeroes in on assisting small businesses by offering cuts and tax breaks. Many small businesses have underwent financial hardships because of the economy. The consumers just aren’t there. The proposed American Jobs Act seems to cater mostly to businesses, while offering them incentives to hire certain workers. i.e. veterans and  those that have been unemployed for more than six months. But many businesses have been undergoing a decline and severe cutbacks. Most are incapable of hiring new workers. So this credit is only suffice for those businesses who are capable of hiring new workers.

The plan has proposed a $1500 dollar credit for working families and possibly a reduction to a 4% interest rate on mortgages. This is what Americans stand to gain. If you are working, you may be eligible for a $1500 credit. And if you own a house, you may be able to reduce your interest rate to as low as 4%. And that's a big maybe. The fabric of America is truly the American worker, the lower and middle class workers. This proposed plan does not stimulate the pockets of the average American worker. It is a financial plea to businesses, to higher certain types of workers.

It is also a proposed idea to state governments who may want to initiate certain construction projects. But those projects are not always guaranteed. Not only are they not guaranteed, the infrastructure projects are simply temporary.

We have significant needs that the proposed Americans Job Act does not address. Contributors to our economic problems are the widening gap between rich and poor. The bottom 40% live under $22,000 a year. Millions of Americans have lost their homes due to predatory lending or job loss. Thirty-seven million Americans live below the poverty line and 3.5 million are homeless. Obama has proposed the hiring of construction workers, veterans and teachers. But we have a significant amount of unemployed factory and assembly line workers, data processors, administrators, technicians, computer programmers, computer networkers, insurance agents, real estate agents, mortgage brokers, appraisers, underwriters and security personnel , to name a few. Energy costs are too high and those who have faced cut offs, are unable to negotiate with their utility companies. Twelve million American children live in poverty and 1.3 million of those children are homeless. This is simply a fraction of what Americans are enduring, as a result of joblessness.

And at the end of the day, Politicians  including Obama, are out of touch with their own constituents and playing politics even in times of crisis.

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Here is a break down of the American Jobs Act

• tax relief for every American worker and family
• cuts payroll taxes in half for every American worker and every small business
• small business get tax cut for hiring and cut payroll taxes in half
• building new jobs for nearly 2,000,000 construction workers out of jobs
• it provide jobs for teachers, construction workers, veterans and unemployed
• will even set up an independent fund to attract private dollars, issues loans how bad construction product is needed and what it will do for the economy, by Texas republican kind of bill been needed by the largest business org and labor organ,
• companies will get extra tax cut if they hire American veterans, 5600 tax credit hiring unemployed vet, 9600 tax credit hiring unemployed vet with service connected disabilities
• companies will get a 4000 tax credit if they hire those that have spent more than 6 months looking for a job, i.e. 6 million people have been unemployed more than 6 months
• increase payroll tax cut for employers to 3.2% from current 2%, a typical family tax cut rises from 1000 to 1500; 160 million working Americans get a tax cut
• tax breaks for oil companies or for small business who hire new workers. i.e. tax breaks for oil and gas companies and 40 billion dollars in savings over next decade
• small businesses with federal government contracts will get paid in half the time
• helps homeowners by enabling them to refinance their mortgages at interest rates that are near 4%, which puts about 2000 in their pockets
• entrepreneurs can turn a new idea into a business as quickly as possible, It took 34.9 months of time to get patents in 2010
• Initiate new trade agreements so we can make it easier for Americans to sell profits to Panama, S  Korea, and Colombia. S Korea  could potentially support 700,000 American jobs, project increase of Columbia 2.5 billion  to U.S. GDP so we can have more made in America products around the world
• provide pathway for 10,000 engineers per year with company internships and education training, we could be the ones to build the fuel efficiency cars, advanced biofuels
• Georgia Works program for unemployed individuals who are receiving unemployment benefits receives up to a $240 stipend for unpaid on the job training for up to 2 months

A number of ongoing problems that this bill will be able to service, per Obama and his administration

• CEO’s make 185% larger than average worker in 2009
• There are 6million long-term unemployed
• 86% of Americans are frustrated with federal government
• 64% of new jobs over past 15 yrs come from small businesses
• more than 2700 roads need repair
• American commute is longer. i.e. more than 100 hrs a year,Commute speed  in China is 236 miles an hour and 63 mile/hour here
• 44% of principals say poor conditions in their schools have been interfering with their students learning
• 1 in 3 public schools in America could be modernized
• as many as 280,000 education jobs are on chopping block in upcoming school year because of budget cuts
• US has fallen in 9th place for collegiate completion, Korea, Canada, Russian Federation, Japan, new Zealand, Norway, Ireland, Denmark, Israel, Belgium, Australia and then US
• There are  877,000 unemployed veterans
• if we stop unemployment insurance, the economy will be devastated, need extended federal unemployed benefits
• if congress doesn’t act by December 31 the average middle class family will pay 1,000 more taxes next year
• 25 of 100 highest paid CEOS earned more last year than their companies paid in federal income tax
• in the year 1900 a graph shows that we had under 10 million Americans over the age of 65, today we have a little under 50 million and by 2030 we will be at 72.1million, yet today Medicare has astronomical rising health-care costs, it has to be reformed and strengthened 
• 1,470 millionaires and billionaires paid zero taxes in 2009 while most people to struggle to make ends meet. A few most affluent citizens are getting tax breaks and tax loopholes that no one else gets. i.e. Warren Buffet pays less in taxes than his secretary; he made 46 million and his tax rate was 17.7%. But his secretary made 60,000 and pays 30% in taxes
• Oil and gas production in third quarter in 2009 made profits in millions, it was 5,054  in 2010 3rd quarter it was 18,553. The  change is a whopping 267.1%
• if income is between 40-50000, your tax cut is 909 but if income is over 1,000000, your cut is 103,835
• tax cuts for  the wealthiest Americans are enormous and unaffordable
• U.S. is number 5 in world ranking for ability to compete for new jobs and business,  Switzerland, Singapore, Sweden, Finland, US, Germany, the Netherlands, Denmark, Japan and UK

Other notes from his American Jobs Act Speech

• no more earmarks, boondoggles or bridges to nowhere
• In July the deficit plan-- cut government spend 1trillion in 10 years, 1.5 trillion savings by Christmas, but he is asking to increase that amount
• Obama welcomes ideas for corporate tax codes that stands as a monument  for corporations who create jobs in America while eliminating pages of loopholes
• The president feels that this bill is a balanced approach to spending cuts and tax increases
• 27 experts and economists are on the president’s council for this new plan
• He agrees unnecessary regulations puts burdens on business. The president has ordered a review of all government regulations. He believe we could save billions over next 4 years
• Obama states that this is not who we are, to tell other Americans, dismantle government, refund everyone’s money, to tell everyone to  write our own rules, and tell everyone they are on their own
• He feels we are all connected
• Abraham Lincoln, father of the Republican party,  saved our union, He mobilized government to  built the Intercontinental Railroads, National Academy of Science and Land Grant Colleges
• the GI Bill produced 3 presidents of the United States, 3 supreme court justices, 12 United States Senators and 24 Pulitzer Prize winners
• Social Security was passed in 1935  with 77 yeas and 6 nays in Senate , 372 yeas and 22 nays in House
• Medicare 1965 was passed with 70 yeas and  21 nays in Senate, 307 yeas, 116 nays in House

This proposal was proposed before by the 112th congress with a vote  of the following:
 

House
193 Democrats, 242 Republicans

Senate
51 Democrats, 47 Republicans, 2 Independents

President Obama proposes to keep trying  new ideas. This plan is not the final solution but, we have to keep trying until we get it right. But I am proposing that he should go back to the drawing board.

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