Wednesday, February 10, 2010

The senate "jobs" bill

Senate Democrats circulated a jobs bill Tuesday that’s light on new initiatives on boosting hiring and heavy with provisions sought by lobbyists for business groups, doctors and the satellite broadcasting industry. . . The draft has very few new ideas for creating jobs, other than a $10 billion plan to exempt companies from paying the employer’s share of Social Security payroll taxes for new hires if they are unemployed and hired this year. . . . The rest of the measure is mostly comprised of last year’s unfinished business, including renewal of business tax breaks that have expired, an extension of unemployment benefits and health insurance subsidies and forestalling a cut in Medicare payments for doctors. . . . The overall measure would cost roughly $80 billion . . .
http://www.thereporteronline.com/articles/2010/02/10/business/doc4b72aeeb680a9777376189.txt

The "$80 billion" dollar senate "jobs" bill will include "$10 billion" for jobs and $70 billion mostly for old ideas recommended by "lobbyists for business groups, doctors and the satellite broadcasting industry".

Are they stupid or evil?

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