STATE OF THE UNION
Would Obama's Proposals Help Fix the Economy?
Let us know what you think of his plans for 'smarter government'
Next>Image: AP
Obama didn't propose any one signature law that would grow jobs and the economy. Instead he offered a laundry list that would boost manufacturing, green energy, and education in science and math - along with oft-repeated proposals to make taxation fairer and cut the deficit by another $4 trillion.
Of course many of his plans rely on Congress for action, and so are mere blue-skies thinking rather than actual predictions for the next four years. But it's interesting to hear what Obama would do if he entirely controlled the government.
Job creation:
* Launch 3 manufacturing hubs in recession-afflicted towns, where businesses will partner with the Departments of Defense and Energy to create high-tech jobs.
* Launch a "Fix-It-First" program to put people to work ASAP on urgent repairs, like ~70,000 structurally deficient bridges.
* Create a Partnership to Rebuild America that attracts private capital to upgrade ports, pipelines, and schools.
* Raise the minimum wage to $9 per hour.
Climate and energy
* Fund an Energy Security Trust that will drive new technology to shift our cars and trucks off oil for good.
* Speed up new oil and gas permits.
Education
* Work with states to make high-quality preschool available to every child in America.
* Reward schools that develop partnerships with employers and create classes on science, technology, engineering, and math.
* Change the Higher Education Act, to include affordability and value as criteria for federal aid.
* White House will release a new "College Scorecard" that students can use to compare schools based on where to get the most bang for your educational buck.
Tax and entitlement reform:
* Reduce taxpayer subsidies to prescription drug companies.
* Ask the wealthiest seniors to pay more for Medicare.
* Scrap tax breaks for companies that move production overseas.
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Would Obama's proposals help the US economy? |