Obama does not believe in the private sector. All he believes in is big government.
The more people Obama can control through government, the better it is for liberals.
Thank goodness we are in his last year and the end is in sight.
Check it out:
A new “wage insurance” program proposed by President Obama would have taxpayers subsidize the income of workers who have had their jobs eliminated and who end up in new jobs with lower salaries.
The administration’s proposal to Congress acknowledges that the U.S. economy has been producing mostly low-pay, low-skill jobs, as WND has reported.
Many Americans have seen their jobs eliminated as a result of so-called free trade deals, offshoring, imports, unrestricted immigration and globalization.
Experienced workers on average see a pay cut of 10 percent when they lose their jobs. Workers with more than 20 years on the job see an average 25 percent pay cut, according to the White House.
The proposed “wage insurance” would replace half of the lost income, up to $10,000 over two years. It would be available to workers who were with their prior employer for three years and make less than $50,000 in their new job.
Wage insurance will be in the budget Obama submits to Congress next month. He will also seek funds to retrain workers for new careers. Studies show such training programs have mixed success. When “retrained” workers find new jobs, it’s often at steeply lower wages.