AP: President Obama’s Jobs Bill Won’t Create Many Jobs

Mike Brownfield / February 12, 2010

The Associated Press reported yesterday that “There’s a problem with the bipartisan jobs bill emerging in the Senate: It won’t create many jobs.” Given the President’s track record, that shouldn’t be a surprise.

One feature of the President’s jobs bill is a tax cut for businesses that hire unemployed workers. The AP writes that “even the Obama administration acknowledges [the tax cut] would only work on the margins.” Here’s why, according to the AP: (more…)