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The White House is now officially concerned about unemployment prompting this editorial page article in the wall -- quote.
The Democratic Party seeks -- wildly optimistic individual to oversee a national jobs creation program.
Jobs can be real or not so long -- the public thinks the party is doing something.
All of the road that is Wall Street Journal columnist -- stressful who joins us now all right Kim do you think there's any way we are going to get a new jobs stimulus program.
I don't -- when -- get one this year they're gonna move ahead on in the house they've got.
The health care bill behind them now so they have time to finally think about this.
But the fastest talk a block all the way until the end of the year and so this is not something we're gonna see at least in the next couple of months and possibly not even.
In the beginning next year depending on what the time schedule -- in the senate to deal with health carelessly.
If if we do get some things in the early part of next year for example.
I put three elements that all being discussed -- wanna spend money on green jobs green energy number two.
Tax cuts for business so that they go out and stock jobs number three.
Use -- 200 billion of the bail out the -- -- not yet spend.
Pull back towards job creation.
Does that sound likely any one of the story.
Well -- found better -- actually better things I heard a lot of what I've heard being discussed them Washington has spend what could mostly be described as an extension of the social safety net so using money to extend unemployment benefits using.
Money -- that extend cobra which is health insurance for the recently unemployed.
There has been some discussion about expanding some of them tax provisions -- which the business community has largely been counting on happening anyway.
We had a lot of green jobs in the stimulus one of the problems is that we're finding at the very difficult to turn that into actual.
Boots on the ground positions so.
Isn't excited as an injured in -- -- a lot of excitement out here who what what will.
If we get any kind of program does it add to the deficit and is -- an extension of the previous stimulus -- which is essentially spending government money.
Union you have -- because it's.
-- you put your finger on the problem -- -- now the two discussions that are being a Washington -- from health care.
Our jobs or rather the lack of them and -- being the deficit and the problem the Democrats -- -- all of their ideas for creating jobs involve spending more money with his very politically unpopular right now in an animal finally adding that thing that they should've been doing in the beginning has been to sit back and creating more uncertainty about what the -- -- job impact the -- was going to be next year it.
But Kim -- a large section of the Democrat party which has real leverage -- that leverage was exercised by the Congressional Black Caucus last week which said no you're not gonna go ahead with financial reform until we get something done about unemployment.
There is leverage -- which could force more government spending more government jobs.
I -- I think -- that certainly is going to be and the goal again because remember.
Democratic Party what you really want to do right now to create jobs again is what should have been doing a -- They need to be providing certainty -- what's gonna happen with the bush tax cuts next year not just.
Income tax hikes but capital gains and dividend.
They ought to be giving a -- on financial regulation which instead look like it's gonna get foisted into next year they ought to be talking about.
What about some of the problems with this health care legislation and the -- that are involved -- that even the issue is that he wouldn't actually need to spend money potentially at least not right now.
You could provide some certainty that the market but this does not have his party operates an NCV.
The -- do visited them -- money you have more stimulants so we've all seen how well that works.
But that isn't really the agenda at the moment and and so yes there's going to be a lot of -- from a lot of influential member of the -- -- money even if it means.
Deficits and and the political calculus they are making right now is that no one's gonna care about the deficit if they're employed again but I think that the big back.
-- -- we love your articles everybody on our staff will wait for your articles every week -- always trying to gauge on the show we thank you -- with us today -- -- great stuff like you.
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