Okay, infrequent poster here...but they are saying $200,000/job in this "job creation" plan.
I have a better idea. Deal with Student Debt...
$5 billion @ $200K/Job = 250,000 low paying construction jobs
Yes, this gets 250,000 people potentially off unemployment but it also means they don't have a lot of left over income.
My suggestion is to offer student debt cancellation/credit.
$5 billion @ $40k debt cancellation = Student Debt cancelled for 1.25 million consumers.
Assuming their average monthly student debt payment is $500.00, that's an injection of $625 million PER MONTH into the economy.
That $625mil/month repays the $5 billion in 80 months.
An extra $625 million PER MONTH is a whole lot of burritos injected into the economy, which supports small business, which fosters growth, which creates jobs.
It also gives extra money for people to save and to pay off other debt. Which fosters spending which fosters growth, which creates jobs.
Really, this is what needs to happen.
Alternatively, you can change the way this works on the tax side. Rather than a deduction for interest paid on student loans, offer a credit for total payments. It will spread this out further and longer and across a broader base of consumers.
The end of the day, it increases consumer spending/saving/debt reduction. Which is a self feeding loop.
'nuff said.