The Republican Party has apparently folded on the issue of no taxes. Government experts have obviously convinced enough Republicans that job creation through government is necessary, and in order to pay for all the spending more money has to be taken from the private sector and given to politicians. How long does our government plan to support these jobs? Does anyone believe that government job creation will cause companies to begin expansion on their own?
American businesses have been suckered by government incentives one too many times, so the game has changed. Just because government pours money into the economy doesn't mean businesses will start expanding. American businesses will not expand in America until the rules of the game are stable and they are certain government central-management interventions have ended. Perhaps some green energy companies will act as if they are expanding and hiring, but this is a mirage, plus, these companies have no good options. American businesses in general have options -- the big international companies can do business overseas, and small businesses can simply wait and survive. Those thinking about starting businesses will be forced to wait.
Even if infrastructure projects are funded, they will not last long, and the types of jobs they'll create will help only a small section of the workforce. Without new products and services, new ideas, innovation, economic growth will remain flat and unemployment will remain high. Many workers who are receiving government benefits will not give up the benefits to take temporary construction jobs.
Raising government revenues will likely result in the same old vote buying schemes, spent on certain groups of people who will support the Democrat Party in 2012. Republicans are losing their nerve.