11/18/2009

Dems pushing new jobs bill

I have written how the unemployment rate has gone up faster in countries with more of a stimulus program, but more government spending is just assumed to create jobs. No discussion in the media about where the money comes from or the jobs that are lost from taking that money away from other uses. Anyway, the AP has this:


House Democrats are looking at swelling deficits further, at least temporarily, on a jobs-producing bill in response to double-digit unemployment and a sense within their ranks that the party needs to do more to put people back to work.

But many of the ideas on the table so far are extensions of last February’s $787 billion economic stimulus package — such as unemployment benefits and subsidies to help the jobless pay for health insurance. They maintain the social safety net for the 15.7 million Americans out of work but they don’t directly create new jobs.

Aware that the February stimulus bill has not prevented unemployment from reaching 10.2 percent and of public opinion polls showing the free spending measure is losing popularity with voters, Democrats are wary of putting a stimulus label on their new package.

“I wouldn’t characterize it as a second stimulus,” House Majority Leader Steny Hoyer said Tuesday. “I don’t want to be as broad as that, I want it to be very targeted on jobs.”

House Democrats debated ways to address job creation at a caucus meeting Monday night, and Senate Majority Leader Harry Reid, D-Nev., has promised colleagues the chamber would take up a jobs measure after it completes its health care overhaul bill. That makes it unlikely to pass into law this year.

Job-creating ideas include additional help for small business, more road and bridge spending, and extending business tax breaks slated to expire at the end of the year, according to spokespersons for Speaker Nancy Pelosi of California and Majority Whip Jim Clyburn of South Carolina. . . .

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