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Tax cuts can't create jobs, yet they comprise about 60% of his plan. Despite well over $1 trillion for them in the last two years, zero jobs were created.
In fact, they've been less than zero when factoring in the replacement of full-time higher-paying jobs for uncertain lower wage/low or no benefit temporary or part-time ones.
Obama also proposed state subsidies as in 2009 to create jobs. Notably since then, hundreds of thousands of state and local government layoffs followed. They continue monthly.
In 2009, $100 billion was allocated for infrastructure spending to create four million jobs. It didn't happen. In June 2009, 6.4 construction workers were employed. Today it's less than 5.5 million.
Obama's new plan is no better. Immediate job creation is needed. Construction and infrastructure ones are long-term and won't help over any duration when boosted by minimal funding.
Moreover, Washington's too-big-to-fail bailout didn't restart lending. Major banks and other corporate giants are hoarding trillions of dollars instead of using them to stimulate growth and create jobs.
Today's political Washington doesn't prioritize them so expect none, Obama's rhetoric notwithstanding. His agenda focuses on permanent wars and shifting maximum wealth to corporate favorites and America's top 1%.
His new plans are old wine in new bottles, socking it to the constituencies that elected him.
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