Business Owners Say Job Plan Won't Cause Them to Hire More Workers
From the New York Times: Business owners say Obama's jobs plan won't cause them to hire new workers.
That sentiment was echoed across numerous industries by executives in companies big and small on Friday, underscoring the challenge for the Obama administration as it tries to encourage hiring and perk up the moribund economy.
The stock market fell big time yesterday, wiping out all gains for the week. Guess Wall St. wasn't impressed either.[More...]
Health Care industry people warned proposed cuts to Medicare could detract from hiring:
President Obama’s jobs plan would actually have a detrimental effect on other parts of the health care industry, some officials said. Hospitals warned that the proposals could end up crimping their hiring if the president’s programs were paid for with sharp reductions in the federal Medicare program.
...Lloyd H. Dean, the chief executive of Catholic Healthcare West, a large health system that employs some 55,000 people in California, Arizona and Nevada, said...“Approximately 65 percent of the people we care for are insured through Medicare or Medicaid, and any further cuts in reimbursements from those programs will severely impact our ability to hire and retain workers.”
And if you don't have the demand for what you are selling or producing, there's no point to hiring more workers.
“If I get a $4,000 benefit for hiring you and I pay you $80,000 and you’re going to sit at your desk and do nothing because there’s nothing to do,” said Marty Regalia, chief economist of the United States Chamber of Commerce, “then the businesses aren’t going to hire you.”
One other thought: Why should our Medicare be delayed so the Government can pay for tax credits to employers who aren't likely to hire new workers?
If Medicare eligibility is going to be raised from age 65 to 67, please just skip the individual $1,500. tax credits and give us two years of health insurance premiums and deductibles instead. That's around $30,000, with $1,000.00 a month premiums and a $3,000 deductible. Too much? It just shows the Government is lying if it says raising the eligibility age is not shifting the cost to seniors.
Why does Obama want to pay for his job plan for construction workers, teachers and veterans by taking it away from seniors who have already paid in their required share? Why not take it from the defense budget instead? Or the war on drugs budget? Or the foreign aid budget? Why single out a group as vulnerable as seniors to pay the price?
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