No Hiring Due to Obama Jobs Plan

The Jobs Act released by Obama last week will not enable employers to hire. Employers are waiting for a much improved economy.

That sentiment was echoed across numerous industries by executives in companies big and small on Friday, underscoring the challenge for the Obama administration as it tries to encourage hiring and perk up the moribund economy.

The plan failed to generate any optimism on Wall Street as the Standard & Poor’s 500-stock index and the Dow Jones industrial average each fell about 2.7 percent.

As President Obama faced an uphill battle in Congress to win support even for portions of the plan, many employers dismissed the notion that any particular tax break or incentive would be persuasive. Instead, they said they tended to hire more workers or expand when the economy improved. Source.

We won’t have that American economy until, and unless, this administration takes steps to kill ObamaCare, lower corporate taxes to bring our businesses back home, and stop their job-killing government regulations immediately.

Posted by Maggie @ Maggie’s Notebook

  • Of course there’s no hiring.

    His “jobs plan” is to shut down airplane factories and guitar makers, while his jobs czar Jeffrey HeMelts ships tens of thousands of GE jobs off to China.

  • This guy has terrified every job creator in the country… except the ones he’s in bed with or owns.

  • kentsmith

    Please start a movement to marginalize, disrespect, embarrass, attempt to shame president obama. We should laugh out loud when ever he opens his mouth, constantly mock him. If everyone is laughing at him, he will not be able to dump more of his agenda on us.

    • kentsmith, visit any of my friends commenting here with you, or anyone in my three lengthy blogrolls to the right and left of my articles. We do this everyday, but we don’t simply mock him, we point out the idiocy of his policies, his disengenuious and shallow statements, his lies, his foolish government, and his ugliness in dealing with anyone who doesn’t agree with him. We’re trying my friend.