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Jobs Numbers Hampering Obama Agenda

Title:

Jobs Numbers Hampering Obama Agenda

Published: Fri, 6 Nov 2009

Description: The Heritage Foundation's JD Foster on the impact of unemployment to government's agenda.

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Automatically Generated Transcript (may not be 100% accurate)

" Well will the jobs number force the Obama administration to either leave the stimulus table or perhaps doubled their own and try to push through a second plan. -- Your home economics and fiscal research at The Heritage Foundation -- Brian Sullivan. I know that some -- there Robert Reich former labor secretary under Bill Clinton called for seconds and as we know that Paul Krugman. Has said that the first in this plan was not big enough we need more. Do you believe we will start to hear more to that bush in Washington."

" I think we'll definitely hear more to that sort of pushes the unemployment rate now about 10%. Continues to trickle upward as 2010. Develops and members of congress senators running for reelection. Begin to really worry about their prospects that's going to create enormous political pressure. To do another stimulus which would in fact be the third if you remember President Bush. Pushed float along through -- China pres Obama did those were both just as ineffective as we expected. And if we do another when it also will be ineffective the only thing you get with these sorts of stimulus packages. As a lot more national debt if you want to grow the economy create jobs you have to do things that are conducive to growing the economy spending a lot of money and a Washington. That doesn't create jobs. What well. Well we have a great example tomorrow the house disposed to vote on AM health care reform bill. If you want to start to create an environment where small businesses will create jobs. Stop threatening in the with a huge tax increase that 13 of the revenue from the tax hike the surtax on the health. Health care reform bill on the house side tomorrow. Comes from small businesses they're they invest to date in an expectation of what the economy's going to look like in the future if you start threatening them with. Higher taxes they're going to invest less today and that's going to weaken the economy today. Congress can do something tomorrow Saturday to help the economy and that's say no we're not going to raise these taxes on small businesses were not going to have the surtax."

" The -- the president and and democratic leadership of come out and said that the key to the economy. Is health care and that we won't be able to grow until health care is done of course. Then we hear more on the right say well that is simply not the case health care as an expense that won't add. Why is there's such a disconnect in -- the actual answer lies. Well we definitely need."

" Real health care reform unfortunately that's not what's in the bill the house will be voting on tomorrow we are health care costs are rising too fast we spend too much money on it. There -- a lot of things that we can do that both sides frankly agree on. What we don't agree on is that we need a government run monopoly for health care and that's what the house. Health care bill is all about it's not about reining in costs it's about blowing government into larger. Size and raising taxes letting government run health care system. That's all the health care bill in the house is about we do need health care reform it would help the economy if we do it right. Obviously they do wrong as the house bill would do you're going to be hurting the economy and hurting the healthcare system. That it's a long way to go but we do any health care reform we just need to do right. JD Foster their Heritage Foundation JD thank you."

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