Obama's jobs plan may top $400 billion

(CBS News) 

On Wednesday, CBS News learned that the president's jobs and growth package now could top $400 billion. That's a big number, and CBS News correspondent Norah O'Donnell reports that the size of this plan has grown over recent days.

Advisors claim this plan will have bipartisan appeal and will be paid for with additional deficit reduction. President Obama's plan will combine new tax cuts and spending measures.

Also included in the plan is an extension of the payroll-tax cuts set to expire. That's worth $1,000 per household. Its estimated cost is $120 billion dollars.

The president would like to add new payroll tax cuts for employers, for small businesses.

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Extending unemployment benefits is also a top priority, at a cost of $50 billion dollars. Sources say the president will propose a plan where employers can try out workers receiving unemployment for free.

There will also be new infrastructure spending in Obama's plan to rebuild schools, roads and bridges will cost over $100 billion.

Finally, state and local governments would receive billions to hire more teachers and first responders. That, along with new small business tax cuts could cost another $100 billion dollars

The President has not consulted Republicans in Congress, but if they don't pass his bill, he will blame them.

"We're going to see if we've got some straight shooters in Congress. We're going to see if Congressional Republicans will put country before party," Obama said recently.

Expect to hear more of that from the president, Scott. He's going to take his message on the road in a series of speeches that advisors say will be all about his plan versus the Republicans plan to fix the economy.

Can Obama create enough jobs to save his own?

[Adam_Rangihana]

Hi, This is a big Job... I hope it is properly managed this time, it was a big mistake with many governments around the world just throwing money at the problem without proper oversight... The politicians need to make sure they prepare the community properly... All the best America Good Luck... www.webartsblog.com

[noloyalisti]

Marc Crawford wants to go after the people that need every penny to support their kids and send them to college. He doesn't care that 90% of the wealth has gone to the top couple percent in the last 10 years. Or the top 400 families in America own more than bottom 50% of Americans. That's fair!

Yeah, lets; get those thousandaires and take their money.

[lagunagal]

Any politician that supports this will be dispatched IMO. The last trillion was quite enough for those shovel ready jobs. I'm done with this. Jim Hoffa? The conditions of your offer are acceptable.

[noloyalisti]

Exactly stop going after the working people of the unions and join with them to demand the rich pay their fair share. Demand the government stop bowing to the giant corporations who sank America with their insane free-trade scams.

[MarkRCrawford]

Are you serious. Who do you think pays for almost everything? Since when is fair share paying disproportionate amounts for anything? How is that American? How about this instead - all you unions (all 7% of the workforce) stop your belly aching and pay your own way in life instead of biting the hand that feeds you!

[alexchristieattnet]

I firmly believe that the only"government" jobs the U.S. taxpayers should foot the bill for is to pay for what the Constitution calls for and that is the defense of this country. If you want to draw a Government paycheck then don the uniform of the Armed Forces. The Government should get as far away from it as possible and let the private sector take care of EVERYTHING else. Can you even begin to imagine how much more efficient and less expensive that would be?
NOW THAT IS A "JOBS PLAN", my friends!!!

[noloyalisti]

We need a radical plan to cancel the fake free-trade agreements that reward greedy corporations to outsource jobs. We need import tariffs so that we can manufacture here at competitive prices. We need to tax Wall Street speculation and tax the rich so the government has the money to hire people.

In short the way it used to be before the giant corporations seized the government for greedy and profit.

[MarkRCrawford]

Corporations outsource jobs because of two reasons - first and formost is because workers demand ridiculous wages for routine tasks. Second is because of the penalties that the federal government imposes on the private sector in the way of corporate taxes. For all of you who want to raise corporate taxes, guess who pays? You do in the form of higher prices. If you think any business doesn't pass on the complete cost of government taxes and regulations in the form of higher prices then you desperately need a course in economics 101.

[nickc1969]

Obama's two-point plan for job creation:

1) Tax
2) Spend

Wow, how revolutionary. The man is a genius.

[noloyalisti]

Can you imagine the hole we would be in if a Republicon was President?

[nickc1969]

Nolo, you keep thinking things would be worse if that makes you feel better about our current dismal state. You are quite the glass-is-still-damp-and-not-empty optimist. That's what Kim Jong Il tells his subjects too - be happy with your starvation-level rations; things would be worse if we weren't here to save you from the Americons. I think I hear an Obama 2012 slogan in the making.

[Texas_Holdem]

today's press release by state of texas another example of taking action with jobs (not just talk):

http://www.informationweek.com/pressreleases/X863605

[wasadem1]

And who is Obozo going to get to co-sign his note?

[CodeCorrector]

Here's how you RETURN MILLIONS of jobs to AMERICANS:

Death-By-Foreign-National is not laissez-faire!

Death-By-Foreign-National is not free-market!

MNCs' [/media/and academia] are not [supposed to be] in charge of U.S. immigration.

IN A SANE WORLD, visas such as H-1b, L-1, etc., (We can keep the O-1, which was meant for true genius) would be suspended. MILLIONS of our better paying jobs would be instantly made available, in America, for Americans.

HOW can anyone speak of returning jobs to Americans, while they ignore, or worse, condone, the continued replacement of Americans, in American offices and worksites, with foreign nationals, at a 'clip of' hundreds of thousands (we are not told the exact number! more likely, all-told, closer to a million or more...) per year?! (not including out-of-status/illegal...)

There are real solutions, not lies masquerading as same, but few, will even speak of them, let alone...

Start Article:

MUMBAI: US diplomat Peter Haas, recently appointed consul-general in Mumbai, stressed the importance of people-to-people contact in Indo-US ties.

US-India people-to-people connections are more powerful than any government initiative, said Haas. "While 8 lakh Americans travel to India each year, the US issues half a million non-immigration visas to Indians yearly," he said adding that Indian citizens formed the largest group of people to be issued H1B and L visas by the US over the last year.

End Article.

H-1b, L-1s, OPT, J-1, B-1, lotteries, green-cards, and on and on, and on, and on, it is no longer enough to stand as a nation and compete with the world-at-large, but no, the world at large will be brought to you, so that you may compete with them in your own offices and worksites...

Start Article:

The J-1 student work-travel program was created in 1961 to offer work opportunities and cultural enrichment for foreign students, and in the process, create goodwill ambassadors for the United States. Today, students from Poland, China, Russia, Ukraine, Moldova and Belarus sign up and pay thousands of dollars for the privilege of meeting Americans and practicing English.

But the kids aren't working in professional settings that complement their studies. They're toiling in warehouses for huge companies such as Hershey's, which have laid off hundreds of workers, and resorts, from Disney World to Morey's Pier in Wildwood, and for much lower wages than Americans earned doing the same tasks. Companies who hire J-1s are not required to advertise to American workers first. It's a great deal for U.S. companies, because they don't have to pay payroll taxes, Social Security or health insurance for J-1s. One Spring Lake staffing company even has a nifty calculator to help businesses compare the costs of hiring J-1 vs. American workers.

Gee, thanks, fellas. During one of the most vicious unemployment downturns in memory, this is spitting in the eye of jobless Americans.

End Article.

We should also revoke some or all green-cards. Again, a MASSIVE number of American jobs would be returned to Americans.

And then there is the issue of sending our jobs offshore, often implemented by those brought to our country on visa, or those having become a green-card holder, who then coordinate the shipping of entire departments, knowledge-bases out of our country, ultimately, entire industries.

And what of low to medium wage jobs? We can look towards our wide-open borders, and consider the traitors that advocate a nation without enforcement of its own borders, its laws, and disinterest in its own sovereign best-interest, survival.

And yes, it is Americans who have facilitated this betrayal of Americans, by corporations, supported by a sold-out government and press.