President Obama has criticized House Republicans for pushing Keystone XL as a job creator. A Nebraska Congressman says the Republican jobs plan extends beyond Keystone, but that Keystone is a significant part.
The president has dismissed the House Republican push for Keystone, saying that promoting the TransCanada proposal to build an oil pipeline from western Canada to the Gulf Coast isn’t a jobs plan. Though the State Department has estimated it could create as many as 42,000 direct and indirect jobs, Obama has estimated the project would create only a couple of thousand construction jobs that would last two years.
Instead, Obama has promoted a number of economic measures he believes will stimulate an economy that stubbornly refuses to rebound from the recession that began late in 2008.
The president proposes dropping the corporate tax rate from 35% to 28%, down to 25% for manufacturers. He has also announced proposals to help more people buy homes and to increase aid to veterans.
Terry is just as unimpressed with the president’s proposal as the president seems to be with Republican proposals.
“What the president wants is another blank-check stimulus and we’re not going to give that to him. That’s not a jobs plan,” Terry tells Nebraska Radio Network.
As for the Keystone XL pipeline, Terry says the president shouldn’t be so quick to dismiss the construction jobs such an infrastructure project would create. Terry points out the president’s initial jobs plan included a number of infrastructure projects.
“To me, every infrastructure (project) is a jobs bill. It may not be a permanent jobs bill, but it does put people to work.”
Terry believes recent developments in domestic energy, including fracking, shale, and natural gas, could be a game-changer for the economy.
AUDIO: Brent Martin reports [:40]