Referring to his jobs bill in his weekly address to the nation, President Barack Obama stated, “I want it back.” No, the President is not having second thoughts about the $447 billion bill; he just wants Congress to pass the bill so he can sign it.
Obama submitted his American Jobs Act to Capitol Hill nearly three weeks ago, having preceded it with a speech to a joint session of Congress in which he repeatedly urged that body to “pass this bill right away.” Since that time the bill has been subjected to much scrutiny and criticism, but no action has been taken on it. Fed up with legislators’ stalling, Obama said, “It is time for Congress to get its act together and pass this jobs bill so I can sign it into law.”
Obama’s latest shot across Congress’s bow differed little from his previous remarks on the bill. He asserted that the “bill would boost the economy and spur hiring” and that it “is fully paid for.” “Why,” the President asked, “would you be against that?”
There are a number of good reasons to oppose it.
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