This one is really really going to work this time. I promise!
Last Saturday, Obama unveiled his new stimulus plan — a list of more things for the government to do in order to create new jobs. That means more government spending.
The president’s list includes an expanded program to help homeowners refinance their mortgages, a proposal to give small businesses tax breaks for hiring more workers, a program that would help veterans find jobs, and an extension of tax credits for clean-energy companies.
The Washington Times reports that the cost for this new stimulus plan could be nearly $35 billion. Additionally, much of the parts of this “plan” are recycled ideas from the proposed Jobs Package that hasn’t gained much traction in Congress.
Obama’s new stimulus plan of old ideas seems more like election rhetoric aimed to appeal to voting blocs — veterans, struggling homeowners, green energy, and small businesses. Let’s hope they see through his tired, unpopular ideas.