Should Obama extend the payroll tax holiday and jobless benefits?
August 16th, 2011
11:55 AM ET
8 years ago

Should Obama extend the payroll tax holiday and jobless benefits?

NEW YORK (CNNMoney) - Now that the debt ceiling crisis is behind him, President Obama is ready to focus on the top problem plaguing the American economy: weak job creation.

Part of his prescription for 2012 revolves around cutting payroll taxes by 2 percentage points and extending unemployment benefits. The idea is give people more money to spend, which will entice businesses to hire additional workers to meet the demand.

Wait...aren't those programs already in place?


Filed under: Jobs • President Obama • unemployment
soundoff (30 Responses)
  1. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    I wish Obama would just STOP doing ANYTHING at this point. He has already proven he has the reverse Mida touch where everything he touches turns to horse puckey. STOP MEDDLING and let the markets self correct. Trying to manipulate them only causes the Obama recession to drag on and on and on.

    It IS comical that he would want to extend unemployment as he sees that as a kind of stimulus plan (as did that mental midget Nancy Pelosi). All this does is guarantee the lazy an extended paid vacation. If anything he needs to SHORTEN it if he truly wants to get the unemployment rate down. At this point I would also not extend the "tax holiday" as this is money that will ultimately have to be replaced with borrowing (plus interest costs). JUST LET THE SYSTEM HEAL ITSELF because YOU'RE STRANGLING IT WITH YOUR "HELP"!!

    August 16, 2011 01:43 pm at 1:43 pm |
  2. Marie MD

    @kat i hope you have a job that you can keep. There are no jobs because corporations send the jobs to other countries while the rich keep their money and don't create jobs .
    If people don't have unemployment checks we will have villages of tents. It's not that people would rather stay home, it's that the teabaggers have not created all those jobs they promised, remembef?

    August 16, 2011 02:00 pm at 2:00 pm |
  3. WiredweirdinSF

    After he did it the last time, it was all eaten up by increased gas taxes. It would give him something to brag about, he is really great at that, but it would do nothing to solve the damage he has done to all of us in just three years of ineptness, incompetency, corruption and bowing to the unions. We need a realistic leader, not some union toady running the country..

    August 16, 2011 02:07 pm at 2:07 pm |
  4. Rick McDaniel

    No. He wants to claim the rich need to pay more.........then plans to turn around and SPEND every dime he can??????

    What's wrong with this absolutely BS picture?

    August 16, 2011 02:10 pm at 2:10 pm |
  5. AAA

    We know there are people in this country who hated to see a black president and it has been a bitter pill to swallow. Get over it. He is doing all he could and if we are smart why can we ask the question that all the stubborn Republicans, as well very rich and the new generation of politicians Tea Party whose representatives are a whole bunch of politically challenged individuals to do what is right for our country. Of course give people unemployment. How else do you think they will survive. It shows you how arrogant people are when one of the Tea party activists in Iowa called the president socialist. This embarrassing. The president is doing all he could and it looks the Republicans are scared of the Tea Party/ Tea Party demanding there legislation's pass so what do you expect the president to do. People want to see him a one time president and for me bening Democrat I need a magnifying glass to see/ find a credible candidate for president in the Republican camp. They all talk of creating jobs, what jobs, which jobs and when it comes to foreign policy they have no knowledge and experience to lead us in the world scean.

    August 16, 2011 02:22 pm at 2:22 pm |
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