President Obama’s jobs plan has found a tough audience so far. He is struggling to gain the needed support in the House and Senate to push through the reforms as he designed them originally and will likely need to make some fairly substantial concessions if he wants to see the program become a reality.
Locally, the Austin American-Statesman interviewed a number of local experts about how they view the jobs plan and the potential for its success. Included in those interviewed was Mission Mortgage’s Mark Sprague. Sprague is the Director of Business Development and is a well-respected analyst and economist covering the local marketplace in Austin, as well as regional and national trends that impact our business and real estate environments.
In the article, Sprague questions the potential impact of Obama’s jobs plan by saying that most elements of the plan are “a quick fix , which doesn’t help the economy long term.” He points to continued deficit spending as a bigger and more important problem to fix.
Mark Sprague produces a weekly subscription-based newsletter that is delivered online, currently every Friday. The newsletter, called The Mission Statement, featured a more detailed look at Sprague’s analysis of the Jobs Plan in the September 9, 2011 issue. In that issue, Sprague breaks down the jobs plan into 6 basic categories and outlines what to expect from each. He applauds some sections and questions others, while wondering if congress will be able to produce anything that both parties can endorse. To read Mark Sprague’s comments in his newsletter, The Mission Statement, please click here.
To read the full article in the Austin American-Statesman, please click here.