Obama's Job Proposal

          Just a few days ago, President Barack Obama addressed the nation in a speech about increasing the payroll cut through the American Job Act, which would lead to an increase in job availability, increase the nation's Gross Domestic Profit, and cut the unemployment rate in Texas. But some economists argue that this plan isn't enough because they think more has to be done in order to sufficiently help the economy. Other economists, like Mark Zandi, believe the plan would "help stabilize confidence and keep the U.S. from sliding into a recession." Although this plan seems like it would help lead the economy in the right direction, there still are mixed reviews about whether or not this plan would pass through Congress. Brian Gardner, vice president of Washington research at Keefe, Bruyette & Woods, said he believes Republicans would be hesitant to pass it because many people are still cautious about following through with proposals because many of the aren't successful.  Others, like Alex Merk, president and chief investment officer of Merk Investments, said he thinks that Congress will pass the proposal, but the impact of the plan wouldn't be strong and it wouldn't help "fix Social Security in the long run." Also, there's talk about whether or not the success of the proposal would affect President Obama's chances of being re-elected.
My view:
As we all know, the nation is currently $55 trillion in debt. People are suffering due to lack of employment and income isn't flowing is as it used to. In an effort to help the struggling nation, President Barack Obama came up with a proposal that would cut the payroll tax in order to increase the number of jobs available. This proposal can go either way, it can help the economy or it can bring it down even more. But the United States is in critical condition and we need more than just one proposal. The best thing the U.S. can do right now is to cut spending instead of spending more money on a plan that might not even work. The citizens of the United States cannot afford to lose anymore and if this plan does not work like President Obama claims it will, then the nation could lose hope for a recovery in the near future.

http://thehill.com/homenews/administration/180741-economists-say-obama-plan-could-boost-economy-but-wall-street-thinks-otherwise