I am quite impressed with US President Obama’s speech which he addressed to the US congress on the proposed Job’s Act. The Bill Act that Obama seeks Congress to approve right away pertains to tax cuts and money estimated amounting up to US$447 billion dollars, mostly to put unemployed Americans back work.
President Obama is truly a gifted speaker indeed. His stern yet seemingly calm expression is quite commendable. The message he conveyed pertaining to the urgency to help those in desperate need of financial support will no doubt goes down well and touch the life of those who live from pay check to pay check or on day by day basis.
I was not able to watch the entire live television broadcast of the speech because I had to leave house for work. On the way to the office I can’t help but wonder if President Obama’s Job Act is going to solve the nation jobless woes.
At the heart of the whole economic and financial crisis that beset the world superpower, creating new jobs seems like the most logical plan and sensible urgent task to focus on. The bigger question though is if the proposed Bill a long term and sustainable plan given the ever changing political and economical landscape that affect not just the United States but also the rest of the world as well.
Republicans and Democrats are still very much at loggerheads and at odds with what the best solution to address the nation’s soaring debt and increase unemployment rate should be. President Obama strongly believe that the wealthiest citizens of the nation and large US corporations should do their part to contribute more to help the middle and the lower class income wage earners.
Well, I am not so sure if I agree a hundred percent with Obama’s proposed increase tax rate for the wealthy class in order to help subsidize the middle and lower income group. After all, some of these so called well to do high income group earners were also once struggling much like the lower and middle income class long before they achieve success. Many of these high achievers did it with no assistance from the government.
Most of those who achieved tremendous success in life work hard to achieve their goals and aspirations. Money don’t simply fall from the sky so to speak. Yes, no doubt there are quite a few who acquire their wealth through unscrupulous and unethical means but for the greater majority, it is their right mindset, persistent and focused efforts that get them where they are.
The Republican viewed President Obama’s ‘ national wealth distribution policy as that of robbing the rich to feed the poor, some sort like Robin Hood story, a socialist propaganda and an excuse to shift the goal post from his failed administration economic policy to that of pointing the finger at the wealthy rich class not doing their part to help the poor.
Creating jobs to alleviate the unemployment situation is the right to do. Providing the right conducive environment for people to venture and create new businesses is even more important. As the saying goes; ‘Give a man a fish and he live for a day, teach the man how to catch a fish and he will earn his live-hood.
For those who were being put out of work due to company restructuring or downsizing, getting a job is a priority but it is also important to look at the big picture, to consider and strive towards having multiple streams of income regardless if you have a full time job or not.
It is very risky to put all your eggs in one basket so to speak. If you earn your income from pay check to pay check then you really ought to consider alternative source of income so as to compliment the job that you have.
Having multiple streams of income is more than just a backup plan. Having alternative source of income can make a difference between struggling to feed your family versus living and providing a comfortable financially secured environment for your loved ones in today’s economic and financial uncertainties. You don’t have to panic if you lose your main job simply because you have sideline income to cushion the impact of the lost of your 9 to 5 job.
One of the best ways to generate multiple source of income is through Internet marketing. You can practically establish a profitable online business even if you are really broke or living on shoe string budget. The barrier entry to start an online business is practically almost zero.
It is quite interesting to note that many unemployed people are struggling to look for jobs while there are those who quit their full time well paid job to focus on their home based online business! There lies the difference between those who choose their own destiny versus those who sit on the fence to wait for government assistance.
We live in an era of unprecedented global economic and financial uncertainty. Unless your father or you own the company that you work for, you can forget about life time career or life time employment. Nobody is indispensable in any organization.
Change of management and reorganization in any company may result in you having to report to a nasty boss or someone that you simply cannot work with. All your past efforts and contributions to the company are wasted when you are reassign to report to a new boss who may or may not value your talents and capabilities.
You can lose your job for a variety of reasons, not just due to company downsizing and restructuring. Why wait to be told to get out from the company? As the saying goes, failure to plan is to plan to fail. Don’t procrastinate and take for granted that your job is secure.