It's jobs, stupid!Jobs. Jobs. Jobs. Washington’s focused on them like a laser. Yesterday, Harry Reid (soon to be former Democrat Senator from Nevada and current Majority Leader), announced the revised Senate bill designed for bi-partisan appeal and to help create the nine plus million jobs needed to offset just those that have been lost since the worst depression since the great one began.

The cost of the total package, according to estimates released by Reid, would be about $15 billion over 10 years. This is what he said was actually in the bill (I’m not making this stuff up):

  1. A payroll tax holiday that would waive the 6.2% Social Security tax for any employer who hires a worker who has been out of a job for at least 60 days. In addition, the bill would provide a $1,000 income tax credit for every new employee retained for at least 52 weeks.
  2. A tax break that would allow businesses to write off up to $250,000 in capital investments in 2010 rather than depreciating the costs over time.

Waiting for more? That’s it. Yeah, really. Nothing to help re-capitalize small businesses, which have historically pulled us out of economic doldrums and been the hiring engine that could. Nothing to spur consumption. Nothing for expansion. Nothing for training. Nothing to get the banks lending to business. Nothing to help with the crippling, double digit health insurance premium increases that have been announced. Nothing to help create jobs of those hardest hit groups or regions.

In fairness, there are other versions of the bill. One of those versions had bi-partisan support, an $85 billion price tag, extended unemployment benefits and would subsidize interest on bonds for local infrastructure products (a more expensive version of nothing). Reid pretty much squashed that.

They take this stuff really seriously up in Washington. This is their answer? Somebody get me a tea bag.

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Lee Leslie

Lee Leslie

I’m just a plateaued-out plain person with too much time on his hands fighting the never ending lingual battle with windmills for truth, justice and the American way or something like that. Here are some reader comments on my writing: “Enough with the cynicism. One doesn’t have to be Pollyanna to reject the sky is falling fatalism of Lee Leslie’s posts.” “You moron.” “Again, another example of your simple-minded, scare-mongering, label-baiting method of argumentation that supports the angry left’s position.” “Ah, Lee, you traffic in the most predictable, hackneyed leftist rhetoric that brought us to the current state of political leadership.” “You negative SOB! You destroyed all my hope, aspiration, desperation, even.” “Don’t you LIBERALS realize what this COMMIE is talking about is SOCIALISM?!?!?!” “Thank you for wonderful nasty artful toxic antidote to this stupidity in the name of individual rights.” “I trust you meant “bastard” in the truest father-less sense of the word.” “That’s the first time I ran out of breath just from reading!” “You helped me hold my head a little higher today.” “Makes me cry every time I read it.” “Thanks for the article. I needed something to make me laugh this mourning.” “If it weren’t so sad I would laugh.” "... the man who for fun and personal growth (not to mention rage assuagion) can skin a whale of bullshit and rack all the meat (and rot) in the larder replete with charts and graphs and a kindness..."“Amen, brother.”