What Do You Call a Jobs Bill That Begets No Jobs?: Caroline Baum
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Oct. 14 (Bloomberg) -- When President Barack Obama“pivoted” to jobs a few months back (from what, the WhiteHouse didn’t say), he said he was going to take his plan torebuild the U.S. economy directly to the American people.
It’s a good thing, too, because Congress isn’t interested.Obama’s $447 billion American Jobs Act of 2011 was never goingto see the light of day in the Republican-controlled House. TheSenate gave it the thumbs-down this week, voting 50-49 to blockthe bill, well shy of the 60 votes needed to end a filibuster.Even some of the Democrats who voted to bring the bill to thefloor said they would have voted no on the bill itself.