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Archive for December 8th, 2009|Daily archive page

Jobby Job Jostling.

In Economy on December 8, 2009 at 3:09 pm

Right after the Afghanistan decision rollout, the Administration turned on a dime and focused on jobs, something it seemed they neglected in public of late. The message has been deliberate and sustained ever since.

Thursday there was a jobs summit at the White House with business influencers representing a cross-section of geography, sector, and size, though Montgomery Burns was not spotted.

Friday the president took questions at an Allentown community college. (The last question was from a young guy who just wanted some help, as a student and veteran, with the red tape of getting his post-9/11 GI bill honored.)

With hints yesterday and a speech today the president revealed a plan to use the $200 billion of remaining TARP funds to create jobs. (Of the $700 billion passed under Bush, half was intentionally left over for the next president, and with faster than expected bank paybacks, this XXL $200 remains). It’s a shrewd (or sneaky?) way to assuage critics who are fearful the Stimulus was not large enough and placate those who do not see justification for passing a second one. Republicans would prefer he pay down the national debt with the extra cash instead. This (“CLEAR!”) defibrillating job jolt is intended to be executed via small business loans, tax breaks, infrastructure projects, and energy efficiency incentives.

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