Daily Archives: July 6, 2012

5 Ways Republicans Have Sabotaged Job Growth

No surprise here.

[Some] Republicans are not very nice people.

When they complain about the dismal job numbers every month and blame President Obama for the poor showing of job growth, they display a measure of  hypocrisy that is beyond belief…

Think Progress

New numbers released today by the Bureau of Labor Statistics show that the economy added a mere 80,000 jobs in June. That’s down from an average of 150,000 jobs a month for the first part of the year, and far too little to keep up with population growth.

Republican intransigence on economic policy has been a key contributor to the sluggish recovery. As early as 2009, Republican fear-mongering over spending and their readiness to filibuster in the Senate helped convince the White House economic team that an $800 billion stimulus was the most they could hope to get through Congress. Reporting has since revealed that the team thought the country actually needed a stimulus on the order of $1.2 to $1.8 trillion. The economy’s path over the next three years proved them right. Here are the top five ways the Republicans have sabotaged the economic recovery since:

1. Filibustering the American Jobs Act. Last October, Senate Republicans killedjobs bill proposed by President Obama that would have pumped $447 billion into the economy. Multiple economic analysts predicted the bill would add around two million jobs and hailed it as defense against a double-dip recession. The Congressional Budget Office also scored it as a net deficit reducer over ten years, and the American public supported the bill.

2. Stonewalling monetary stimulus. The Federal Reserve can do enormous good for a depressed economy through more aggressive monetary stimulus, and by tolerating a temporarily higher level of inflation. But with everything from Ron Paul’s anti-inflationary crusade to Rick Perry threatening to lynch Chairman Ben Bernanke, Republicans have browbeaten the Fed into not going down this path. Most damagingly, the GOP repeatedly held up President Obama’s nominations to the Federal Reserve Board during the critical months of the recession, leaving the board without the institutional clout it needed to help the economy.

3. Threatening a debt default. Even though the country didn’t actually hit its debt ceiling last summer, the Republican threat to default on the United States’ outstanding obligations was sufficient to spook financial markets anddo real damage to the economy.

4. Cutting discretionary spending in the debt ceiling deal. The deal the GOP extracted as the price for avoiding default imposed around $900 billion in cuts over ten years. It included $30.5 billion in discretionary cuts in 2012 alone, costing the country 0.3 percent in economic growth and 323,000 jobs, according to estimates from the Economic Policy Institute. Starting in 2013, the deal will trigger another $1.2 trillion in cuts over ten years.

5. Cutting discretionary spending in the budget deal. While not as cataclysmic as the debt ceiling brinksmanship, Republicans also threatened a shutdown of the government in early 2011 if cuts were not made to that year’s budget. The deal they struck with the White House cut $38 billion from food stamps, health, education, law enforcement, and low-income programs among others, whilesparing defense almost entirely.

There have also been a few near-misses, in which the GOP almost prevented help from coming to the economy. The Republicans in the House delayed a transportation bill that saved as many as 1.9 million jobs. House Committees run by the GOP have passed proposals aimed at cutting billions from food stamps, and the party has repeatedly threatened to kill extensions of unemployment insurance and cuts to the payroll tax.

According to the Congressional Budget Office, those policies — the payroll tax cut, food stamps, unemployment insurance, and discretionary spending for low-income Americans —have the highest multipliers, meaning more job boosting potential per dollar.

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Filed under GOP Hubris, GOP Hypocrisy, JOBS

Jobs Report Covered Through 2012 Election Lens, Media Not Focused On Impact To American People

Jobs ReportIn my opinion, the media needs to report the real news and not just what’s happening in Washington or who gave the most millions to the latest super-pac.

So yes, I completely agree with the HuffPo’s Michael Calderone‘s article…

The Huffington Post

Romney’s up. Obama’s down.

That’s the takeaway from much of Friday’s media coverage of another disappointing monthly jobs report and unchanged unemployment number of 8.2 percent. Like clockwork, political reporters quickly sized up whether the addition of 80,000 jobs in June would help or hurt President Barack Obama’s chances of keeping his own job, rather than the broader impact on millions of unemployed Americans.

The Washington Post‘s Chris Cillizza tweeted that June’s number presents a “major political problem for Obama.” He later suggested in a blog post that any hope the president “will be able to run for reelection bolstered by an improving financial picture is rapidly disappearing.”

Kicking off MSNBC’s “The Daily Rundown,” host Chuck Todd said that “another disappointing jobs report puts more pressure on the president with just four months until election day.” On Twitter, Politico’s Ben White said the report is “not good news for Obama.”

In covering the campaign horse race, reporters often make snap judgements following statements, reports, or “gaffes” that are mostly forgotten days later amid the stream of non-stop election coverage.

Earlier this week, the consensus among reporters was that Team Romney was down, following adviser Eric Fehrnstrom’s comment that the individual health care mandate is a “penalty” rather than a “tax.” Similar to health care — where the media focused more on the politics of the bill rather than its contents — the jobs numbers could be reduced to a win or loss in a long election season.

But as the summer holiday week came to a close, Team Obama was on the defensive, as Friday’s news was ruled a tough blow for the president — at least according to the news media.

“The U.S. unemployment rate remained flat in June, which is bad news for President Obama,” began an ABC News piece.

Continue reading here…

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Birthers Try To Get Obama Removed From the Ballot in Ohio

First of all the “Birthers” don’t have any political clout (after losing virtually all their court cases), so my assumption is that they’re a front for some more powerful shadow group who wishes to remain in the background.

It’s also funny that at this late stage, “they” would try to remove the POTUS.  President Obama is leading Mitt Romney in that state, albeit by a narrow margin.   Pundits say that Romney needs  to win Ohio in order to win the election.

PoliticusUSA

Since the Obama’s birth certificate is real, birthers are now claiming that his Social Security number is fake and are trying to get him thrown off the ballot in Ohio.

This is from WND, the home of all things nutty,

If Barack Obama has an immediate eligibility problem, it is more likely to derive from the Social Security Number he has been using for the last 35 years than from his birth certificate. Ohio private investigator Susan Daniels has seen to that. On Monday, July 2, she filed suit in Geauga County (Ohio) Common Pleas Court demanding that Jon Husted, Ohio secretary of state, remove Obama’s name from the ballot until Obama can prove the validity of his Social Security Number.

Daniels, who has vetted thousands of Social Security Numbers for numerous other clients, has done her homework. In her filing, she thoroughly documents her contention “that Barack Obama has repeatedly, consistently, and with intent misrepresented himself by using a fraudulently obtained Social Security Number.” To acquire appropriate standing in court, Daniels has gone to the trouble of establishing herself as a valid write-in candidate for president. Before she is through, this 70-something mother of seven, who has been a licensed Ohio PI since 1995, may cause Obama more trouble than the Romney campaign.

Granny Birther is basing her case on the her claim that the first three digits of President Obama’s Social Security number were only issued to people born in Connecticut.

Oh no, cue the spooky music. Boy those birthers have got Obama this time.

Continue reading here…

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Filed under U.S. Politics