The President’s Jobs Plan (Not)
By Robert Reich, RobertReich.org
Posted on July 12, 2011, Printed on July 14, 2011
What did the president do in response to last week’s horrendous jobs report — unemployment rising to 9.2 percent in June, with only 18,000 new jobs (125,000 are needed each month just to keep up with the growth in the potential labor force)?
He said the economy continues to be in a deep hole, and he urged Congress to extend the temporary reduction in the employee part of the payroll tax, approve pending free-trade agreements, and pass a measure to streamline patent procedures.
To call this inadequate would be a gross understatement.