[net-gold] EMPLOYMENT : UNEMPLOYMENT : UNITED STATES: GOVERNMENT: President Obama on the American Jobs Act: Let's Be Ambitious

  • From: "David P. Dillard" <jwne@xxxxxxxxxx>
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  • Date: Sun, 11 Sep 2011 13:39:01 -0400 (EDT)


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EMPLOYMENT :

UNEMPLOYMENT :

UNITED STATES: GOVERNMENT:

President Obama on the American Jobs Act: Let's Be Ambitious

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President Obama on the American Jobs Act: Let's Be Ambitious

White House Blog

Posted by Colleen Curtis

September 09, 2011 at 03:42 PM EDT

http://www.whitehouse.gov/blog/2011/09/09/ president-obama-american-jobs-act-lets-be-ambitious

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A shorter URL for the above link:

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http://tinyurl.com/3l92uhp

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President Obama today said that he is "an eternal optimist" who believes in America, and in our democracy and that Congress will do the right thing, and pass the American Jobs Act,

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Speaking to students at the University of Richmond, the President discussed why the actions he laid out last night in a joint address to Congress need to be taken quickly:

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It will create more jobs for construction workers. More jobs for teachers. More jobs for veterans. More jobs for young people. More jobs for the long-term unemployed. It will provide a tax break to companies if they hire new workers. It will cut payroll taxes in half for every small business owner and every working American. It will jumpstart an economy that has stalled, and it will give companies the confidence that, if they hire new workers and they invest in their businesses, then there are going to be customers there who can afford to actually buy the things theyre selling.

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Passing this jobs bill will put people to work rebuilding our crumbling roads and our crumbling bridges. And it will also help us rebuild our schools. I just -- in the back, I was taking some photos with folks who had helped out to organize this event, and there was a young lady who is a teacher. And she said, I heard your speech last night. I really appreciate it. Im teaching eighth grade English, and I teach in a trailer. We shouldnt have people teaching in trailers. We shouldnt have kids learning in trailers. They should have classrooms with Internet and science labs.

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Youve got aging bridges on I-95 -- need to replace them. Youve got schools... that need to be upgraded. There are millions of unemployed construction workers across America ready to put on their tool belt and get dirty. I dont know about you -- I dont want the newest airports, the fastest railroads, to be built in China. I want them to build -- I want them to be built right here in the Unites States of America.

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He also discussed how the American Jobs Act can help us return to the days when America was a world leader in educating our children:

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I dont want any of our kids to study in sub-par schools. I want all our kids to study in great schools. So theres work to be done; there are workers ready to do it. Lets pass this jobs bill right away.

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Passing this jobs bill will put thousands of teachers in Virginia and across America back to work when we need them most. This is a new age. Everybody here knows that. If you want a good job, a good career, if we want America to succeed, then weve got to have the best-trained, most highly skilled workers in the world. Youve got places like South Korea that are adding teachers to prepare their kids for a global economy. Were laying off our teachers in droves. Its unfair to our kids. It undermines their future; it undermines our future. It has to stop. Lets pass this bill and put our teachers back in the classroom where they belong.

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The American Jobs Act: Fueling Innovation and Entrepreneurship

Posted by Aneesh Chopra and Tom Kalil

September 09, 2011 at 04:30 PM EDT

http://www.whitehouse.gov/blog/2011/09/09/ american-jobs-act-fueling-innovation-and-entrepreneurship

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A shorter URL for the above link:

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http://tinyurl.com/3vezjwm

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President Obama just unveiled the American Jobs Act, an ambitious plan to create jobs across the country and put more money in the pockets of American workers and businesses all without adding a dime to the deficit.

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The Presidents jobs plan, specifically crafted to garner quick bipartisan support, also promises to dramatically accelerate the pace of American innovation and the success of U.S. entrepreneurs, who have historically been responsible for virtually all new job growth across the country. Here are five highlights:

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1 .Boosting access to capital for high-growth companies: Americas most innovative companies need equity capital to grow and hire faster. As part of the Presidents Startup America initiative, the Administration will work to unlock this capital through smart regulatory changes that are consistent with investor protection. This means reducing the disproportionately high costs that smaller companies face when going public, as well as raising the cap on mini public offerings (Regulation A) from $5 million to $50 million. It also means responsibly allowing startups to raise money through crowdfunding gathering many small-dollar investments that add up to as much as $1 million. Right now, entrepreneurs like these bakers and these gadget-makers are already using crowdfunding platforms to raise hundreds of thousands of dollars in pure donations imagine the possibilities if these small-dollar donors became investors with a stake in the venture. Steve Case, chairman of the Startup America Partnership, noted after he joined the First Lady as a guest at the President's speech, that "High-growth entrepreneurial businesses have been responsible for nearly all of the net jobs created in the last three decades so policies that make it easier for entrepreneurs to start and expand companies must be at the epicenter of any jobs effort. While Republicans and Democrats don't seem to agree on much these days, they do agree that entrepreneurs hold the key to a bright economic future. Therefore, I hope both parties will put politics and partisanship aside, and work together to ensure the success of the next generation of great American companies."

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2. Turning job-seekers into job-creators: Through innovative use of Federal unemployment insurance funds, all 50 states will have the flexibility to support long-term unemployed workers who create their own jobs by starting their own companies. A few states already have these self-employment assistance (SEA) programs, many of which have been remarkably successful. For example, SEA allowed two unemployed software developers to co-found a new mobile advertising company in 2009 and today that company has raised $6.5 million in venture capital, employs 28 workers, and plans to hire many more.

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3. Unleashing innovation in wireless high-speed Internet: Bipartisan, job-creating legislation will speed deployment of high-speed wireless Internet service to at least 98% of Americans, including those in remote rural communities like the students using online learning tools who met the President on his trip to Marquette, Michigan. By freeing up spectrum through private-sector incentive auctions, this plan will also reduce the deficit while creating a nationwide, interoperable wireless network for public safety, as recommended by the 9/11 Commission.

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4. Modernizing more than 35,000 schools: Investing $25 billion in K-12 school infrastructure will put thousands of construction workers back on the jobwith new science labs and Internet-ready classrooms a priority, in keeping with the Presidents Educate to Innovate campaign to make American students the worlds best in science, technology, engineering, and mathematics (STEM).

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5. Making government services transparent to job creators: The President has directed both his CIO and CTO to launch BusinessUSA within 90 days. This one-stop online platform will provide access to information about the full range of government programs and services businesses need to compete globally and it will represent the next major accomplishment of the Open Government Initiative.

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The Presidents jobs plan includes plenty of other important initiatives to fuel innovation and entrepreneurship, including $1 billion to support NextGen air traffic modernization, a new National Infrastructure Bank, and skills-based training for low-income youth and adults to help them enter the innovation economy. It will put Americans back to work in the near term, while further strengthening our long-term foundation for growth. We believe Congress should come together in response to the Presidents call to action, and Pass this bill right away.

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If you would like to find out more about the American Jobs Act, you can watch a special enhanced version of the speech, featuring charts and other relevant information here.

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Aneesh Chopra is U.S. Chief Technology Officer.

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Tom Kalil is Deputy Director for Policy at OSTP.

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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://daviddillard.businesscard2.com

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