I'm beginning to wonder how many times Obama and his advisers will have to hear this message before they come to understand it, if at all: the American Jobs Act won't induce employers to hire new workers.
I've discussed the issue of tax incentives as a goad of hiring a number of times with some of my more liberal friends or acquaintances, few of whom don't seem to understand the reason why businesses hire more workers. They can't seem to grasp the concept that no amount of tax cuts will induce any business owner to hire an employee they don't need. Adding an worker who adds nothing to the bottom line, meaning one who does not create more income for the business than it costs to employ them, makes no sense and causes the business to lose money even with the tax cut incentive.
Message to Obama et al: Businesses hire workers when they can't meet the demand for goods or services with the employees they already have. Period.
So endith the lesson.