Must admit the Prez had some gems mixed in among his abstract talking point goals.
The first is eliminating tax breaks for corporations outsourcing jobs to foreign countries. To be honest I wasn’t aware of any such tax credit for outsourcing jobs but would love to know when it came into existence and why? (If it really exists) Then love to see it go away forever. The President’s plan of dispersing the money saved, among companies like MasterLock is ludicrous and wasteful of course, (Masterlock made the move to bring back jobs w/o gov involvement) but baby steps.
Second was enacting a law to keep teens in school until 18. Obviously a great idea considering stats showing how important having a HS diploma (at least) is for future financial well-being. However w/o any teeth to the law it’s impotent. I submit keeping your child in school is at least as equally important to keeping weeds on your lawn cut under 8 inches so like the anti-weeders fine the parents $600-$1200/per day and watch parents suddenly get involved in their children’s education.
Bottom line synopsis of the entire speech is the President still hasn’t figured out that government has no business financing private business. Government spending does not ensure job growth and to the contrary creates massive debt with only few jobs.
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