President Obama's jobs speech on Thursday had been characterized in the wide world of punditry as his "Moment of Truth." His "Last Chance." His "Big Speech." His ... well, you get the picture.
There was a lot riding on the president's address to a joint session of Congress, in which he laid out an expansive and expensive — nearly $450 billion — plan to "jolt" the nation's anemic employment market.“For weeks, I have been in Minnesota hearing from job creators, workers, and too many frustrated unemployed Americans about how we can get America working again. They want to see positive solutions that put the nation’s fiscal house in order and remove Washington’s regulatory roadblocks to job creation.
“I was pleased to hear the President heed the call of Americans by expressing a desire to work together to promote long term economic growth. Unfortunately, his call for more stimulus-type measures ignores the reality that people – not government – are our nation’s true job creators. The private sector doesn’t need Washington to tell them how to create jobs; they need Washington to get out of their way.The plan the president laid out Thursday night in a nationally televised speech would cost nearly $450 billion and would increase and extend a payroll tax cut for workers that goes to Social Security. It also provides a tax cut to employers. Most of Obama's proposals stand little chance of being implemented without the backing of congressional Republicans.
Obama's quick trip to Richmond is expected to be the first of several he'll make around the country in the coming weeks to tout his jobs proposals.
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