http://content.usatoday.com/communities/theoval/post/2010/01/obama-pitches-new-plans-for-middle-class/1

Here's a breakdown of the proposals, courtesy of the White House:

1. Nearly Doubling the Child and Dependent Care Tax Credit for middle class families making under $85,000 a year. This is accomplished by increasing their tax credit rate from 20% to 35% of qualifying expenses. The value of the tax credit nearly doubles for all families making under $85,000 a year, and every family that makes under $115,000 will see their tax credit increase.

Additionally, for families struggling to join the middle class, the administration will provide a $1.6 billion increase in child care funding, the largest one-year increase in 20 years, to help an additional 235,000 children.

2. Limiting a student's federal loan payments to 10 percent of his or her income above a basic living allowance. This will lower payments for hundreds of thousands of students, who are struggling to make ends meet coming out of college.

3. Creating a system of automatic workplace IRAs, requiring all employers to give the option for employees to enroll in a direct-deposit IRA.

4. Expanding tax credits to match retirement savings and enacting new safeguards to protect retirement savings, making it easier for families to plan for retirement.

5. Expanding support for families balancing work with caring for elderly relatives, helping them manage their multiple responsibilities and allowing seniors to live in the community for as long as possible.

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The White House figures these proposals will also create jobs.

I'm not really seeing how jobs would be created by any of these ideas, but the proposals, other than not creating jobs, look pretty good.

Yes, I agree, and they definitely need to explain the "more jobs" angle.

Did they say how he was going to pay for this, or should I just assume that it is unfunded manipulation?

I'm not sure how this type of mandation would encourage an employer to create more jobs.

I'm not being critical, I just don't understand.

Because it doesn't make sense. Not from the point of view of "job creation".

Here is a good rule of thumb. When something doesn't make sense, you have to look at it from another point of view.

And the point of view is always "Who benefits"? It's always that...logic dictates, that it makes sense to someone else if it isn't you.

Once you find out who benefits from mandatory IRA's you got your answer and you will also find out a whole lot more.

The short answer is: Banks. Banks will make a killing, since they gonna have a good capital, based on mandatory IRA's, it's a never ending and "sure" flow of money, paid by you.

Obama is a bank-man, his whole career is funded by banks.

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

Have you reached a conclusion about this yet? I tend to think he may be deft or doesn't understand ENGLISH . I hope he understands that it well be democrats who write his history for him . not foreigners .
He seems s to think we should be understanding him instead of his understanding us . Did he think he was being elected dictator? This is still a democracy , I hope .