Food for thought on the differences

Here is an interesting though I had in relation to the two distinct sides of the stimulus package as presented by the media.

The main stream networks are targeting the investment of the stimulus package. Investments such as infra- structure, government programs etc...

The opposing media perspective is that in order to pay for the stimulus you and I, essentially the bank of the tax payer, will have to fund this long term with interest. Moreover part of the package is an increase of up to 3% on business payroll taxes. Even at one percent that would devastate the capital economy.

If you're a 1099 worker and you pay quarterly taxes, you pay a portion of it to state & federal payroll taxes which is then allocated across the spectrum from workers comp to unemployment etc. Funny though if you lose your wages most 1099 claims for unemployment are denied even though you paid your taxes to have them. (personal experience)

Now on an average scale if you have a large company with 30,000 employees making an average of $30,000 each a year that is a payroll of 900,000,000 .00. What do you think my board of directors is going to do if you raise my payroll taxes 1%? (9 mil) RIF (reduction in force) the transferable jobs over seas...2% (18 mil)RIF the jobs and real estate, manufacturing etc overseas.. 3%? (27 mil)Look for a buyer who will combine efficiencies and maybe retain 5 to 10,000 employees. Now apply that to small business and big business like GE, Siemens, Alcoa etc...

Bottom line from last night is this. Mr. President, How are you going to measure whether this is working? "I will measure by saving or creating 4 million jobs" Which is it and how do you measure whether or not you have saved a job?

President Obama is a smart man and capable President but I think he is being bulldozed by Congress and unfortunately is hanging his Presidency and legacy on a Hail Mary pass that from what I can surmise he probably wouldn't throw willingly.