Obama Jobs Plan Unlikely to Create Many

If his ideas can even get past a divided Congress, they may be too mild to promote meaningful growth..

By + More

In addition, says Morici, the need to offset the costs of such stimulus could negate some of the intended effects. "If you have to pay for it with savings in other places, the job creation effects will be very tiny. If you create an investment tax credit or hiring tax incentive, you lay off workers. My feeling is that, on a net basis, these programs will not generate very many jobs."

Before any of that can be seen, however, Congress would have to pass the president's proposals.

  • Check out political cartoons about the economy.
  • See editorial cartoons about the deficit and debt.
  • See 7 ways Obama can gain credibility on jobs.