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Heritage.org posted a fairly detailed analysis of President Obama’s jobs speech tonight. Please follow the link for the details. I will try to highlight it.

In reference to regulations, Heritage.org points out:

“What we can’t do,” he said, “is let this economic crisis be used as an excuse to wipe out the basic protections that Americans have counted on for decades.  I reject the idea that we need to ask people to choose between their jobs and their safety.”

But no one is suggesting that any basic protections be erased — instead the pressing need now is to stop the tidal wave of regulation — costing almost $40 billion dollars — that has swamped Americans and the economy since the president was elected.

The infrastructure bank the President is proposing would simply increase the size of government and take more money out of the private sector, thus further reducing jobs in the private sector.

President Obama has fought spending cuts since he was elected to the Senate. It is unlikely that his request to the debt ceiling committee to pay for his increased spending with spending cuts will get the necessary results.

The President is calling for tax increase on those people who create jobs. Remember, corporations do not pay taxes–they pass the extra expense on to their customers. Any increase in corporate taxes is an additional tax on the consumer.

The President totally ignored developing America’s energy resources as a way out of the current recession.

This was a campaign speech that rehashed a lot of ideas that have already been rejected. It’s only purpose was to put forth a lot of bad ideas the Republicans would reject so that the President would have a campaign issue.