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Obama Signs JOBS Act: Will It Improve the Job Market?

News 2012/04/05 22:00:00
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President Obama signed a bill on Thursday that will make it easier for small businesses to find investors. The Jumpstart Our Business Startups (JOBS) Act makes it possible for "ordinary Americans ... to go online and invest in entrepreneurs that they believe in," with the hope that small businesses will expand quicker and start hiring. He also hopes the bill will help bridge the gap between Republicans and Democrats, and House Minority Leader Eric Cantor helped sponsor it.

Obama said at the signing ceremony, "I've always said that the true engine of job creation in this country is the private sector, not the government. Our job is to help our companies grow and hire ... That's why I've cut taxes for small businesses over 17 times. That's why every day I'm fighting to make sure America is the best place on Earth to do business." But will the JOBS bill improve the job market? Tell us what you think.


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  • redneck 2012/04/05 22:52:11
    No, it will hurt the job market
    redneck
    +16
    no it won't help until obama care is repealed along with his strong arm the EPA,these are the big problems in creating jobs.The cost of doing business in America has gotten out of control,the insurance companies are raping us.

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  • antiregressivism 2012/04/11 02:36:30
    No, it will hurt the job market
    antiregressivism
    Just because the market isn't moving at full-steam-ahead doesn't mean it's bad. Where's the arbitrary number that determines at which point the economy is "good" or "bad"?
  • mama sew,gung ho 2012/04/11 01:35:21
    Yes, it will improve the job market
    mama sew,gung ho
    Of course,he's doing everything possible to improve the lives of,"All Americans!"
  • olylift 2012/04/10 06:40:02
    The job market will stay the same
    olylift
    The government can't create jobs in the private market. What it can do is create an environment for such action to occur. Lowering taxes for everyone will free up people economically. Assuming the Fed doesn't screw things up with the money supply, jobs will be created.
  • antireg... olylift 2012/04/11 02:35:21
    antiregressivism
    So you're basically saying that by having taxes, the government reduces the amount of jobs in the private sector.
  • olylift antireg... 2012/04/11 03:46:21
    olylift
    Absolutely. Didn't you take economics in college? Less taxes means a firm has more money to provide for more jobs. Its simple economics.
  • antireg... olylift 2012/04/11 06:21:37
    antiregressivism
    No, I didn't, but I like to think that I know what I'm talking about. I'm familiar with the Laffer curve, effects of taxation on the economy, the various theories, etc. I was just reaffirming your point, lol
  • olylift antireg... 2012/04/11 06:25:51
    olylift
    My apologies. But yes, my point stands.
  • t.eliot, topbard 2012/04/09 21:59:00
    Yes, it will improve the job market
    t.eliot, topbard
    It won't hurt and it may help a little, but not much the economy is FUBAR and requires far more than this bandaid, but NOT the smallpox injection planned by Mr. Romney.
  • Drue-AFCL 2012/04/09 19:56:42
    No, it will hurt the job market
    Drue-AFCL
    NOTHING THAT THIS MAN DOES IS INTENDED TO ACTUALLY HELP THE AMERICAN PEOPLE! ! PERIOD! ! !

    OH AND MY CAPS ARE STUCK ON. I AM NOT YELLING!
  • bettyboop 2012/04/09 17:00:16
    The job market will stay the same
    bettyboop
    They will go where they can get the best deal for labor.
  • DS in Oak Ridge NC 2012/04/09 16:10:56
    The job market will stay the same
    DS in Oak Ridge NC
    Primary beneficiaries will be the Window Dressing and Illusion Generation industries. That's all the bill represents. What stymies growth - and with it the jab market - is not the lack of a web-based exchange to match up those with cash and suitable speculative investments... it is gross uncertainty and concern about job and industry-crushing regulations and restrictions that 'unelected bodies like the DOE or EPA continue to roll out. Private firms need to conduct costly Environmental Impact Studies. Bureaucrats don't have to reveal the economic costs of the regulations or mandates they issue.
  • joe ramirez 2012/04/09 15:41:18
    The job market will stay the same
    joe ramirez
    +1
    I heard today on radio that major companies are not hiring. Why was this not done 3 years ago? He is putting on a show for votes so he can finish us off!
  • Mary Ann 2012/04/09 15:16:03
    The job market will stay the same
    Mary Ann
    +1
    Nothing this idiot does will improve the job market....just go away we have had enough!
  • BIG BAD JOHN R. 2012/04/09 15:04:05
    The job market will stay the same
    BIG BAD JOHN R.
    No Act is going to solve the job problem!
    WORK AND JOBS WITH GOOD SALARIES WELL HELP OUR JOB PROBLEMS. Companies that have taken the work overseas to forign countries so they can use a cheaper labor and make a larger profit margins.

    I know this may anger a large amount of people and not be to popular but this is a realistic Fact!

    Apple has there products manufactured in China, where it's workers live at the factory, don't see their family and work for very small wages. Yet America, can't wait to buy there products and Apple has a very high cash on hand!

    U.S. COMPANIES NEED TO BRING THE WORK HOME TO THE AMERICAN PEOPLE! THIS WILL SOUND CRAZY BUT WE NEED TO START BUYING AMERICAN PRODUCTS. IF YOU WANT AMERICA TO GET STRONGER!
    WHEN YOU SPEND YOUR HARD EARNED AMERICAN DOLLAR ON OVERSEAS PRODUCED PRODUCTS WERE IS YOUR DOLLAR GOING TO THOSE COUNTRIES!
    BRING THE JOBS AND WORK HOME! BUY AMERICAN!
  • Bronar 2012/04/09 15:00:54
    The job market will stay the same
    Bronar
    +1
    But Obama and the press will do all they can to spin it up!
  • KilrQueen 2012/04/09 14:24:18
    The job market will stay the same
    KilrQueen
    This is one of his soon to come "many attempts" to stay in the White House.
  • shultzhound 2012/04/09 14:09:08
    The job market will stay the same
    shultzhound
    +1
    This is just smoke and mirrors, this will not help at all. If he wanted to help he would repeal Obamacare, do away with the EPA reduce regulations that hurt all businesses, open insurance regulations that would let them compete across state lines and the most important one of all HE WOULD RESIGN AS PRESIDANT AND MOVE THE HELL OUT OF MY COUNTRY.
  • Thisism... shultzh... 2012/04/09 19:17:48
  • shultzh... Thisism... 2012/04/09 20:43:05 (edited)
    shultzhound
    Ah but it is my country and I have gone in to combat for her and bled for her. So it is. Now go away.
  • shultzh... Thisism... 2012/04/09 20:45:52
    shultzhound
    But of course i don't expect a libby like you to understand pride in country, flag and the constitution because your daddy Obama and you and people like you are trying to destroy her.
  • no1badboy56 2012/04/09 14:05:01
    The job market will stay the same
    no1badboy56
    +1
    Is Obama this dense? It's estimated that small businesses are sitting on billions if not trillions of dollars. They won't let it go because there afraid of what this healthcare bill may put on them not to mention the epa and what crazy policies he may come out with.
  • Louisa - Enemy of the State 2012/04/09 13:59:34
    The job market will stay the same
    Louisa - Enemy of the State
    I actually don't know the answer. My first thought is, why did it take three+ years? Why are we always a day late and a dollar short!
  • Headhunter 13 2012/04/09 13:57:21
    The job market will stay the same
    Headhunter 13
    if not decline because of this and previous administration
  • Mr Wayne 2012/04/09 13:56:18
    No, it will hurt the job market
    Mr Wayne
    +1
    Anything with Obama's name on it will mean out of control spending and personal hardship for American citizens, regardless of what it is.
  • FanOreilly 2012/04/09 13:54:23
    No, it will hurt the job market
    FanOreilly
    +4
    Governments do not create prosperity, they destroy it except in the rare case when a government actually gets out of the way of the free market.

    Want to improve the 'Jobs Market'?

    Decrease the size of government.
  • MrsJJS 2012/04/09 09:35:19
    The job market will stay the same
    MrsJJS
    Waste of space!
  • Nichole 2012/04/09 05:04:28
    No, it will hurt the job market
    Nichole
    +1
    In order for a business to grow, there has to be customers, customers have to have spending money, in order to have spending money, people need jobs. It's a never-ending circle and I highly doubt this Act will break it.
  • Charles Braley 2012/04/09 03:48:32
    The job market will stay the same
    Charles Braley
    The economy is still shakey from the last recession - doubt tis act will straighten it up!
  • McCate 2012/04/09 03:20:38
  • Catita 2012/04/09 02:21:53
    The job market will stay the same
    Catita
    +3
    it will stay the same until we get rid of this administration.
  • Thisism... Catita 2012/04/09 19:19:29
  • iamnothere 2012/04/09 00:37:07
    No, it will hurt the job market
    iamnothere
    +3
    till the obama administration serious about removing job killing regulations. nothing is really going to happen to get this economy moving ahead
  • Thisism... iamnothere 2012/04/09 19:20:00
  • iamnothere Thisism... 2012/04/09 19:35:04 (edited)
    iamnothere
    see that is just the sort of brainless responses I have come to love here from those on the left.. totally out of reality..
    So here is something for you to read .. as a primer.. keeping it simple for you.. so you can now take your time.. read and go do your own research .. I would much rather you go doing your own exploring on the topic because you will be doing your own discovery..

    Regulation Nation: New study finds Obama’s regs cost $46 billion a year



    Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets.

    Ironically, Bush instituted more regulations, 10,674, but they cost just $8.1 billion annually, said the Heritage report, titled “Red Tape Rising: Obama and Regulation at the Three Year Mark.” It will be released Tuesday.

    The analysis backs up complaints from the U.S. Chamber of Commerce and other business groups that the president’s regulations are stalling the economy and employment growth. It also calls into questio...












    see that is just the sort of brainless responses I have come to love here from those on the left.. totally out of reality..
    So here is something for you to read .. as a primer.. keeping it simple for you.. so you can now take your time.. read and go do your own research .. I would much rather you go doing your own exploring on the topic because you will be doing your own discovery..

    Regulation Nation: New study finds Obama’s regs cost $46 billion a year



    Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets.

    Ironically, Bush instituted more regulations, 10,674, but they cost just $8.1 billion annually, said the Heritage report, titled “Red Tape Rising: Obama and Regulation at the Three Year Mark.” It will be released Tuesday.

    The analysis backs up complaints from the U.S. Chamber of Commerce and other business groups that the president’s regulations are stalling the economy and employment growth. It also calls into question Obama’s promise to put the brakes on new regulations and his State of the Union bragging about issuing less red tape than Bush.


    The fact is, said Heritage’s review, hundreds more costly regulations are coming, especially those targeting energy companies and Wall Street. They threaten “to further weaken an anemic economy and job creation,” said Heritage’s James Gattuso and Diane Katz.

    While there is no central agency that collects regulation information, Katz and Gattuso mined the Federal Register and other government databases to get their numbers. What they found was that while Obama has bragging rights to claiming he’s put into place fewer regulations than Bush, his cost far more.

    The $46 billion price tag calculated by Heritage is staggering, as are those hitting the economy the hardest. Just consider the regulations tagged as “major” for costing $100 million or more. Obama’s team issued 106 on private industry since taking office, compared to 28 by Bush. Last year alone, Obama’s administration issued 32 major regulations impacting everything from clothes dryers, to toy labels.

    Heritage said that most expensive regulation of 2011 was from the Environmental Protection Agency, which added five major rules costing $4 billion. Among them, stricter limits on industrial and commercial boilers and incinerators, for a cost of $2.6 billion annually for compliance.

    The regulations are also hitting workers through higher fees on items such as checking accounts.

    “The president cannot have it both ways: having identified over-regulation as a problem, he must take real and significant steps to rein it in. At the same time, Congress--which shares much of the blame for excessive regulation--must establish critical mechanism to ensure that unnecessary and excessively costly regulations are not imposed on the U.S,. economy and Americans,” said Gattuso and Katz. “Without decisive steps, the costs of red tape will continue to grow, and the economy, and average Americans, will be the victims.” b red tape rising MARCH 2012 chart 2 gif
    (more)
  • The_Chouko 2012/04/09 00:04:23
    The job market will stay the same
    The_Chouko
    +4
    I don't see how this act will create jobs. I can see how it will put more tax dollars to waste while it doesn't create any jobs.
  • George 2012/04/08 23:14:15
    Yes, it will improve the job market
    George
    +3
    Every illegal alien will now be taken off the street corner with this jobs act. Thats the premise behind the bill right? Give the illegal a job all the while standing against a voter ID requirement in return for a job, right?
  • Thisism... George 2012/04/09 19:20:20
  • redhorse29 2012/04/08 20:55:26
    The job market will stay the same
    redhorse29
    Employment practices and potential will remain largely the same as projected today in our existing markets. The potential for fraud and business financial cheating will go up exponentially. The SEC nor any other agency is prepared to police and enforce guidelines. The concept of public or investor protection is severely weakened while almost eliminating business accountability and investment coordinator fiduciary responsibility. BUYER and INVESTORS in small businesses beware; your savings could be doomed.
  • Balladeer-PWCM-POTL 2012/04/08 19:31:28
    No, it will hurt the job market
    Balladeer-PWCM-POTL
    +8
    government intervention into the Business world has SUCH a great track record has it not...

    FatFilm
  • wicked ... Ballade... 2012/04/09 14:00:55
    wicked soda boy
    Exactly!
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