Obama's Job's Bill: Same old Crap

I was expecting more from his huge speech that was supposed to save his presidency. It turns out it is just an extension of the same stuff that wasn't working before. The only difference is:

The newest and boldest element of Obama's plan would slash the Social Security payroll tax both for tens of millions of workers and for employers, too. For individuals, that tax has been shaved from 6.2 percent to 4.2 percent for this year but is to go back up again without action by Congress. Obama wants to keep it and deepen the cut to 3.1 percent for workers.

He also had some crap about cutting another $41 per paycheck for middle class workers. I'm not sure how that creates a single new job. He did talk about cutting corporate taxes but nothing about corporations getting an incentive to bring jobs back from overseas.

I do like the idea of cutting loopholes out of the tax code. I think GE should be paying the same tax rate as Siemens and not have a fleet of tax pros and lobbyists to reduce that rate. He did go after oil companies again but they are such an easy target it doesn't matter.

All in all Obama just served up left-overs and hopes America looks at it like its something completely new.