In lieu of no apparent new ideas coming out of the White House "jobs summit" on Thursday, FOX TV commentator Bill O'Reilly offered his own suggestions to get people back to work. I actually thought a few of his ideas made sense, including giving tax breaks to companies that hire new employees. Rather than giving all companies tax relief, the reward would only be triggered by proof of hiring. I wonder, in that same sense, if tax breaks should be taken away from companies that are using the recession as an excuse to get rid of more workers than they really need to?I also found this article in The Washington Post to be interesting. It explains how President Obama has failed to help the private sector create jobs.
What I am not buying from anyone, including ABC News, is that the stimulus money made a significant difference in improving the private-sector job market. On its broadcast Thursday night, ABC did a fluff piece about some folks going back to work because of stimulus money given to various municipalities. What they didn't mention was that every one of the jobs they featured was directly or indirectly related to government work.
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