Obama: End Tax Breaks To Stop Overseas Hiring

For the entire 8 years of the Bush administration, those of us on the left learned to live with the legislation & policy 'standard' of "better than nothing". Heck, they pretty much hated us, & "better than nothing" was, well, better than nothing.



But it's beyond disappointing that in just 18 months this standard which is usually reserved for the minority party has largely become Obama's standard on what he promised were going to be the most immediate & urgent priorities of his new administration: job creation & reordering our global trading, especially our trade with China which has been eating the average American worker's lunch for more than a decade.



We're stuck in a jobless recovery with a real unemployment rate of nearly 20%, with even the 'false-positive' indicator of GDP growth that the administration wrongly relies on as its sole measure of economic vitality now at only a meager 2.4 percent annualized rate, versus the revised 3.7 percent rate of the previous few months. Yet the administration finds laudable - & seemingly sufficient - the 3.0 to 3.5 million jobs that it contends the 2009 federal stimulus bill will have "created or saved" (mostly just saved) by the end of this year, and, even more concerning, the relatively few 5 to 7 million jobs which it believes its three major jobs initiatives will create over the next five years.



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