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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (101536)	9/14/2011 5:41:29 PM
From: zeta1961	Respond to of 149317

He's obviously smarter than the CBO chief who spoke to his committee yesterday...or perhaps has short term memory impairment? Message 27635773 “I don’t know how one could assert that you could promote job growth by simultaneously giving job creators a one-year temporary tax relief coupled with permanent tax increases,” said Rep. Jeb Hensarling (R-Texas), co-chairman of the congressional supercommittee tasked with finding $1.5 trillion in budget cuts. “I don’t understand the logic, and I have found no historic example to indicate that would promote job growth in any way, shape or form.”

To: bentway who wrote (101536)	9/14/2011 6:06:38 PM
From: koan	Read Replies (1) \| Respond to of 149317

Obama's jobs bill is DOA in the congress. The only weapons he has are executive power e.g he and the fed could refinance underwater homes loans at 4% without congressional approval as I understand it. That would help the housing market out big time and put money in the middle class's pockets. And let people combine 1st and seconds. But the banks do not want that. They like those big old % rates now in effect. So this is where the rubber hits the road. A DOA jobs bill is safe politically and with regard to Wall street power (but it is just theatre), but an executive action to refinance homes is fraught with danger from Wall street..