Preview to Obama's Jobs Program to Congress

Obama to Tell Congress How to Create Jobs: Expect a New Economic Paradigm.

The President is going to address a double session of Congress in a speech dedicated to "Create Jobs" - sound familiar. Besides the fact that these announcements have been done countless times before, in the case that this is different or any better, why is it 3 years late? Or why does it need a pompous setting? Simple, because when you lack content you dress it up with flourish.

However, not withstanding our past experience, we are expecting a historic lunching of new economic theories that will probably change the way the world applies their economic policies forever. Here is our anticipation of what to expect:

* Expect the application of "common sense" Obamanomics at its best, no better exemplified than by Jay Carney, influential PhD in Economics, masquerading as WH Press Spokesperson, which patiently explained to a compliant WH press corps how unemployment insurance "creates jobs" simply by the "common sense" deduction that "people who are unemployed and obviously aren't earning a paycheck are going to spend the money that they get" from unemployment insurance, and that, the economic genius concluded, "creates jobs". We believe that the WH is actually on to some breakthrough in job creation here.

So we suggest that Obama's team double or triple up on that theory and, voila, we can create millions of jobs by simply firing all workers in the Federal government and then give them an unemployment insurance payment that is double their past salaries. Or better still, give a tax credit for every employee that the private industry fires and then give them three times the size of their salary in unemployment insurance payment. What genius, Obamanomics has discovered that we can create lots of jobs just by paying people not to work.

The above alone could rush in an unprecedented era of economic growth and riches for everyone - well, not for everyone, just for those that are not working, which would be the majority, anyway.

** As if that is not enough, The President is bound to give us an added measure of one of his old favorites by suggesting that raising the minimum wage would create more jobs. It follows a perfectly logical path for PhD in economics which tells you that the more it costs a company to hire a worker the more workers it will want to hire. Well, maybe it doesn't sound too logical, but we have to trust these Ivory Tower eggheads, you know, like the "Progressive" Center for American Progress [redundancy mine] which has suggested just that.

*** But perhaps the jewel of Obamanomics will be reserved for last in a proposal to do away with all machinery and computer hardware and software in all work places. That is a perfectly sensible idea that emanates from the geniality, and perhaps the core of most Obamanomics, as explained recently by the President in referring to unemployment. He blamed unemployment on businesses becoming "more efficient with a lot fewer workers", as typified by ATM machines and Airport kiosk that take the place of tellers cashing your checks for recently printed money, or airline workers attending to your tickets and losing your baggage at the same time. We believe that Obamanomics is on to something even bigger here, for by simply forbidding, by executive order or regulation or both, to use any automated machines in auto manufacturing or any hardware manufacturing, in farming and agriculture, construction, etc... we can add millions of new workers to these industries doing everything by hand.

Nothing, of course, exemplifies better the outstanding genius of this theory that when Milton Friedman was traveling in China in the 1960's and "visiting a worksite where a new canal was being built he was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: 'You don't understand. This is a jobs program.' To which Milton replied: 'Oh, I thought you were trying to build a canal. If it's jobs you want, then you should give these workers spoons, not shovels.' "

Obama's Jobs speech should prove just as revolutionary!!!

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