WASHINGTON EXAMINER: “Jobs Bill” is just Stimulus II.

The Jobs Act, which is best described as Obama’s Stimulus II, will cost somewhere around $450 billion — more than half as big as Obama’s first failed stimulus. . . . Pressed to explain how Obama could use the same tax hikes to both meet the debt deal’s deficit reduction targets and pay for his new stimulus plan, Lew admitted that even Obama can’t count the same tax increases for two separate purposes. Instead, Lew said that Obama would be introducing a whole new slate of tax hikes next week, when he plans to give yet another deficit reduction speech.

Obama again insisted Monday that his second stimulus will be “fully paid for.” This is problematic on several levels. If Stimulus II is fully paid for with immediate tax hikes, then it isn’t the kind of deficit spending that Obama’s Keynesian logic demands. If it is only paid for later, at the end of the 10-year horizon, then this amounts to a budget gimmick, because Obama will be long gone from office by then.

So which is it? Is Obama’s Stimulus II really just a complicated wealth redistribution scheme accomplished through the tax code? Or does it leave difficult tax hikes to be implemented by future presidents? Whatever the answer, do not expect to hear it from Obama during his next two stimulus speeches.

Should be dead on arrival. But if the Republicans want to be really sneaky, I’ve got some tax increases they can use in place of Obama’s. . . .