Zero New Jobs in America

Heritage  "And while the U.S. economy is creating no net new jobs, President Obama is offering no new ideas to fix the problem. In a speech to a joint session of Congress next Thursday, the President is expected to rehash the same expensive, ineffective policies he has tried since his presidency began. And it’s an economic philosophy that America has come to know all too well. The President hopes that through the sheer force of spending taxpayer dollars, he can turn the economy around. It isn’t working—and neither are nearly 14 million Americans."

Obama’s Jobs Speech to Offer More Failed Stimulus  "What he is going to say is open to speculation. Advance teasers coming out of the administration suggest he will once again call for the creation of an infrastructure bank to fix roads, bridges and airports — and create thousands of new jobs for unionized workers; push for an extension of the temporary employee payroll tax holiday; and, as he did in his speech Tuesday to the American Legion, ask Congress to approve some kind of tax credit for companies that hire unemployed veterans.

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"Obama is also likely to call for another extension of unemployment benefits and increased funding for school construction and renovation. He may also, some analysts suggest, call for a temporary tax holiday that will allow U.S. corporations that do business in other countries to bring profits earned in those countries back into the United States at a reduced rate."

"All of this is interesting, but almost none of it would have the effect of stimulating the American economy to any real degree."