The Jobs (Jobless or Wanted) summit.

After successfully (or not) authorizing (and presenting) his surge in Afghanistan, the next Agenda for the President is Jobs Summit. Already people have started to discount that anything would happen much in this way. This is the biggest domestic agenda that he will face in his Presidency. How to create jobs. Health care bill is fine and dandy and the Afghan War are easy to handle. But to create jobs is one area he will find perplexing.

He cannot force companies to hire people just because the jobs are vanishing. He needs to provide Leadership and incentives for the businesses to hire.

Right now businesses are not in any mood to hire unless they see real progress regarding the Consumer spending habits. And you know what the Jobless people are not going to spend any money if they don’t have jobs (hence the word Jobless). Most of the jobs will be permanently vanished from the jobs landscape and the remaining ones will not be paying that much since people have started to retrench their money and are in the savings mode right now.

The government will not be able to spend more on the stimulus since we don’t have money and don’t want to add to the already hefty budget deficit and big debt. So the only way is to provide hefty incentives like reduce tax loads and help with health care. We really need to focus on Job Creation and it should be our number one Priority right now, more important than Health Care and the Afghan War.