Why Washington's Job Plans Miss the Real Point

America needs jobs. So far in the Great Recession, 8.4 million Americans have lost their jobs, and the official unemployment rate is 9.7% of the workforce (and counting the "discouraged workers," it's 16.5%). So, Washington is going to try to help create those needed jobs. A Senate proposal would give businesses a Social Security tax credit to hire the unemployed. And the White House wants to give businesses a $5,000 tax credit to hire new workers. Will either plan work?


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