Tuesday, September 20, 2011

"... It's even worse than we thought."

Dumb And Dumber - Legislation: Over the weekend, President Obama encouraged everyone to read his jobs proposal and judge it for themselves. We took him up on his offer, and found five more reasons to kill the bill.

We've noted how Obama's so-called jobs bill is an expensive rehash of all the policy failures he's already imposed on the country, with the only new idea being several job-killing tax hikes.

But when he urged Americans during his weekly Saturday address to read the bill and decide for themselves, we thought we'd give the 155-page bill another try. Our conclusion: It's even worse than we thought. Among the dumber ideas tucked in:

• Wage insurance: The bill would let states use unemployment funds to make up the difference between an over-50 worker's previous wage and what he gets paid at his new job. Why not? Isn't it written in the Bill of Rights somewhere that no American shall ever be forced to take a job paying less than his previous one?

• Bridge to nowhere: Obama claims his "Bridge to Work" idea will let people on unemployment "participate in temporary work as a way to build their skills," citing the Georgia Works program as an example. But as Reuters reported, only 92 had signed up for that program since February and, according to the person in charge, it's "fraught with problems." ............Read more