OBAMA ADDRESS - President Barack Obama discusses a series of administration initiatives to help America's veterans find employment during a speech at the Washington Navy Yard in Washington, D.C., Aug. 5, 2011. DOD photo by U.S. Navy Petty Officer 1st Class Chad J. McNeeleyObama Proposes Tax Credits for Hiring US Veterans -- Reuters
* Veterans struggle to find work in weak U.S. job market
* 'Returning Heroes Tax Credit' to give hiring incentive
* Siemens, Microsoft, Accenture, Lockheed Martin to help (Recasts with quotes, details, background)
WASHINGTON, Aug 5 (Reuters) - President Barack Obama on Friday proposed $120 million in new tax credits for businesses that hire U.S. veterans returning from Iraq and Afghanistan at a time of stubbornly high unemployment at home.
During a visit to Washington's Navy Yard, Obama unveiled a "reverse boot camp" program to help soldiers return to civilian life and set a goal for companies to hire or train 100,000 unemployed veterans and their spouses by the end of next year.
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My Comment: President Obama's speech is here. Throwing a few thousand dollars in tax credits to businesses is going to create zero jobs .... because for a business to hire someone, they will need a greater incentive than that .... i.e. a booming economy would help.