Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts

Saturday, October 27, 2012

Mitt Romney Poses As Hypocrisy Poster Boy At Company That Benefited From Stimulus Funds















Mitt Romney Poses As Hypocrisy Poster Boy At Company That Benefited From Stimulus Funds

On Friday, Mitt Romney will make his closing argument on the economy in what his campaign is touting as a major address. The site Romney has chosen, however, exposes the hypocrisy and fallaciousness of one of Romney’s central economic arguments: the notion that government has no role in growing the private economy and helping businesses expand. Romney frequently mocks Obama’s “didn’t build it” remarks and routinely derides the 2009 Recovery Act as a failure that did nothing to create jobs.

But now, the GOP presidential candidate is delivering one of the last speeches of the campaign at Kinzler Construction Services in Ames, Iowa. A search of Recovery.gov shows that the firm benefited from hundreds of thousands of dollars in contracts funded by the Recovery Act. Kinzler received $649,944 in contracts under stimulus-funded Department of Energy weatherization programs. The company also received $39,370 as a sub-contractor on a federal government contract to renovate a building owned by the federal government, making for a total of $689,314 in stimulus funds.

The firm’s website even includes a section touting its “featured projects.” Several of the projects appear to be publicly-funded renovation or construction projects, including public schools in Nebraska and Iowa, a community center in Iowa, and the new central station for Des Moines’ public transportation system:

This is not the first time that Romney has spoken at venues that undermine his economic claims. Earlier this week, Romney and his running mate campaigned at the Red Rocks Amphitheater in Colorado, a national landmark built as a public works project during the New Deal. Ann Romney recently visited a Florida cancer center that received nearly $24 million in stimulus funds. And, among many other examples, Romney bashed the stimulus at a college that received stimulus funds for federal work-study programs that help make college more affordable.

How can this be. Conservative Republicans do everything alone without any help from government and government does not create jobs. Sure Romney and his buddy are lying hypocrites - conservative voters are obviously very pleased that they are. The bigger issue is how far detached conservatives are from reality. Should people who live in a fantasy world be in charge of governing this great nation. 

Condi Rice Pours Cold Water On ‘Benghazi-Gate’

Monday, July 23, 2012

Tis The Season For The Limitless Gutter of Republican Elite Lies




















Tis The Season For The Limitless Gutter of Republican Elite Lies

When it comes to the economy, too many Americans continue to be numbed by the soothing sounds of conservative spin in the media. Here are three of their more inventive claims:

1. Higher taxes on the rich will hurt small businesses and discourage job creators

A recent Treasury analysis found that only 2.5% of small businesses would face higher taxes from the expiration of the Bush tax cuts.

As for job creation, it's not coming from the people with money. Over 90% of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), the stock market, real estate, and personal business accounts. Angel investing (capital provided by affluent individuals for business start-ups) accounted for less than 1% of the investable assets of high net worth individuals in North America in 2011. The Mendelsohn Affluent Survey agreed that the very rich spend less than two percent of their money on new business startups.

The Wall Street Journal noted, in way of confirmation, that the extra wealth created by the Bush tax cuts led to the "worst track record for jobs in recorded history."

2. Individual initiative is all you need for success.

President Obama was criticized for a speech which included these words: "If you've been successful, you didn't get there on your own...when we succeed, we succeed because of our individual initiative, but also because we do things together."

'Together' is the word that winner-take-all conservatives seem to forget. Even the richest and arguably most successful American, Bill Gates, owes most of his good fortune to the thousands of software and hardware designers who shaped the technological industry over a half-century or more. A careful analysis of his rise shows that he had luck, networking skills, and a timely sense of opportunism, even to the point of taking the work of competitors and adapting it as his own.

Gates was preceded by numerous illustrious Americans who are considered individual innovators when in fact they used their skills to build upon the work of others. On the day that Alexander Graham Bell filed for a patent for his telephone, electrical engineer Elisha Gray was filing an intent to patent a similar device. Both had built upon the work of Antonio Meucci, who didn't have the fee to file for a patent. Thomas Edison's incandescent light bulb was the culmination of almost 40 years of work by other fellow light bulb developers. Samuel Morse, Eli Whitney, the Wright brothers, and even Thomas Edison had, as eloquently stated by Jared Diamond, "capable predecessors...and made their improvements at a time when society was capable of using their product."

If anything, it's harder than ever today to ascend through the ranks on one's own. As summarized in the Pew research report "Pursuing the American Dream," only 4% of those starting out in the bottom quintile make it to the top quintile as adults, "confirming that the 'rags-to-riches' story is more often found in Hollywood than in reality."

3. A booming stock market is good for all of us

The news reports would have us believe that happy days are here again when the stock market goes up. But as the market rises, most Americans are getting a smaller slice of the pie.

In a recent Newsweek article, author Daniel Gross gushed that "The stock market has doubled since March 2009, while corporate profits and exports have surged to records."

But the richest 10% of Americans own over 80% of the stock market. What Mr. Gross referred to as the "democratization of the stock market" is actually, as demonstrated by economist Edward Wolff, a distribution of financial wealth among just the richest 5% of Americans, those earning an average of $500,000 per year.

Thanks in good part to a meager 15% capital gains tax, the richest 400 taxpayers DOUBLED their income and nearly HALVED their tax rates in just seven years (2001-2007). So dramatic is the effect that anyone making more than $34,500 a year in salary and wages is taxed at a higher rate than an individual with millions in capital gains.

There's yet more to the madness. The stock market has grown much faster than the GDP over the past century, which means that this special tax rate is being given to people who already own most of the unearned income that keeps expanding faster than the productiveness of real workers.

And one fading illusion: People in the highest class are people of high class.

Scientific American and Psychological Science have both reported that wealthier people are more focused on self, and have less empathy for people unlike themselves.

This sense of self-interest, according to a study published in the Proceedings of the National Academy of Sciences and other sources, promotes wrongdoing and unethical behavior.

Can't help but think about bankers and hedge fund managers.

Paul Buchheit is the founder and developer of social justice and educational websites (UsAgainstGreed.org, PayUpNow.org, RappingHistory.org)

In another age a moderate conservative ( remember them) called this phenomenon voodoo economics - where you redistribute the capital produced by American labor to the top of the pyramid. Why? Well there are many reason people buy into this. One is that low to modest income conservative Republicans are obsessed with someone getting $4 in food assistance they fell they don't deserve, but do not care about the plutocrats at the top taking most of the value produced by the work they do. Working class Republicans are happy to make their plantation masters happy as long as those people over there - the nebulous other - does not get a few pennies in assistance during tough times. Tough times created by the plutocrats they vote into power. A great example of people not acting in their own rational self interests.

Conservative Evangelical Leaders Blame Liberals, Media For Aurora Shootings, Say Only Christian Victims Will Go To Heaven

Democrats Crush Republicans as Capitalists in the White House

I think its great that CNN has an affirmative action program for the brain dead, Erick Erickson Brings Fox's Bogus Small-Business Attack On Obama To CNN. And I thought Erick was going to lead the American Dish Detergent Revolution.

Saturday, July 7, 2012

Don't Have a Job? Say Thanks to Conservative Republicans




















Don't Have a Job? Say Thanks to Conservative Republicans

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 killed a jobs 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 and do 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, while sparing 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.

Since the tea baggers voted in a majority in the House of Representatives in 2010 and Republicans in the Senate - even though they are the minority - have used the filibuster or threats of one to kill any jobs bills, there is not much Obama can do. In a round about way Mitt Romney agrees. H/T to here for this video,
Gov. Romney on Poor Job Growth in Massachusetts: ‘To Suggest That Somehow the Day I Got Elected, Jobs Should Have Immediately Turned Around, Well, That Would Be Silly’
[When] Romney himself was running a government, in his case the state of Massachusetts, he was even more defensive about his lack of control of the employment picture than Obama is today. A new video unearthed by the liberal research group American Bridge shows Romney at a press conference in June 2006 admonishing reporters on disappointing jobs data. “You guys are bright enough to look at the numbers. I came in and the jobs had been just falling right off a cliff, I came in and they kept falling for 11 months,” he explains.

    “And if you are going to suggest to me that somehow the day I got elected, somehow jobs should have immediately turned around, well that would be silly. It takes awhile to get things turned around. We were in a recession, we were losing jobs every month,” he added.

USA Today's Uninformed Campaign To Shame The Poor - A USA Today editorial is downplaying poverty and food insecurity in America, and using Fox News talking points to justify a push to cut vital and effective anti-poverty programs.

Saturday, June 23, 2012

President Obama Was Right - The Private Sector is Doing Fine
























President Obama Was Right - The Private Sector is Doing Fine - Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

In case you needed more confirmation that the priorities of US companies and the US economy are screwed up, here are three charts for you.

1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).

Corporate profits are climbing yet private sector not adding jobs



2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.



Right-Wing Media Side With Pro-Romney Forces In Wash. Post's Internal Bain Capital Dispute. Romney and Bain sent jobs, from companies they raided and sent them to Asia and Mexico. That is a fact and no amount of conservative Republican word games will change that fact. The reason conservative propagandists like Fox News, Hot Air and The Blaze are so outraged is that this fact about Romney screws with their lame attempts to portray Romney as someone who can relate to the middle-class.


Saturday, June 9, 2012

Mitt Romney's Pants Are on Fire. Does America Want a Sleazy Serial Liar As President
























Mitt Romney's Pants Are on Fire. Does America Want a Sleazy Serial Liar As President

Yesterday, Mitt Romney gave a big speech in which he accused Obama of lighting a “prairie fire of debt.” It’s a good line, and it has received widespread media coverage.

Romney’s speech has already been dissected by Jonathan Chait and Steve Benen. They note that it’s entirely at odds with conventional understanding of how deficits work, and utterly disconnected from context, rendering it almost unquantifiably misleading.

But I wanted to make another point. If you scan through all the media attention Romney’s speech received, you are hard-pressed to find any news accounts that tell readers the following rather relevant points:

1) Nonpartisan experts believe Romney’s plans would increase the deficit far more than Obama’s would.

2) George W. Bush’s policies arguably are more responsible for increasing the deficit than Obama's are.

Oh, sure, many of the news accounts contain the Obama campaign’s response to Romney’s speech; the Obama campaign put out a widely-reprinted statement arguing that Romney’s plans would increase the deficit and that he’d return to policies that created it in the first place.

But this shouldn’t be a matter of partisan opinion. On the first point, independent experts think an actual set of facts exists that can be used to determine what the impact of Romney’s policies on the deficit would be. And according to those experts, based on what we know now, Romney’s policies would explode the deficit far more than Obama’s would.

The nonpartisan Tax Policy Center has taken a close look at this question. It has determined that relative to current policy — that is, if you keep the Bush tax cuts in place, as Romney wants to do — Romney’s tax cutting plans would increase the deficit by nearly $5 trillion over 10 years. That’s on top of keeping the Bush tax cuts for the rich. Romney has promised to close various loopholes to pay for his tax cuts, but he hasn’t specified which ones. Until he does, the Tax Policy Center concludes, his plan would cost $5 trillion — which would be added, yes, to the deficit.

By contrast, Obama’s plans would not increase the deficit by anything close to that amount. Relative to current policy, the Tax Policy Center has found, Obama’s plan would reduce the deficit by approximately $2 trillion over the next decade. Now, under Obama, the deficit would still increase. That’s because current policy means we’re forgoing the $4.5 trillion in revenues we’d gain if we let all the Bush tax cuts expire. But neither candidate is going to do that. Obama, however, would end the Bush tax cuts for the rich and bring in revenues through a variety of other tax increases. Bottom line: relative to current policy, Obama’s plan would reduce the deficit by bringing in $180 billion or more in revenues a year, or approximately $2 trillion over 10 years; Romeny’s plan would increase the deficit by nearly $500 billion a year — $5 trillion over ten years.

The Tax Policy Center’s Roberton Williams summed it up perfectly in a quote to me:

    “The bottom line is that whatever baseline you use, until Romney makes good on his promise to pay for his tax cuts, he would increase the deficit far more than Obama would.”

On the second point, the Center on Budget and Policy Priorities has determined that the policies put in place under Bush are the main driver of the deficits that are projected over the next decade.

Yet anti-American PACs like American Crossroads are running ads complaining about the deficit. They support a Romney presidency and the Romney/Paul Ryan (R-WI) economic plan which will increase the deficit and mean severe cuts to Medicare and Medicaid. Obama's debt bad, conservative Republican debt is good. Its the Bush 43 presidency redux. Tell the Big Lie and repeat constantly.

Another thing the current pro-Romney ads are claiming is that Romney is a job creator. We have been through this round of lies already and the Romney as job creator myth will continue. Only the numbers will never add up. If Romney practiced accounting the way he figures his jobs record he would be arrested for fraud, but since he is a conservative he gets away with pants on fire lies. The ads are only using the jobs that some companies added, but they do not count the number of jobs lost. In a rare moment of candor - Romney Camp Admits That Its Bain Job Creation Number Is Bogus

Mitt Romney, last night’s Iowa caucus winner, has been on the campaign trail claiming that the private equity firm he ran, known as Bain Capital, was responsible for creating loads of jobs. Romney responded to criticism about his time at Bain by saying, “I’m very happy in my former life; we helped create over 100,000 new jobs.”

When a group of Romney backers ran an ad making the same claim, they were unable to back up the number with data. And as it turns out, the Romney camp can’t either, as it admitted that the statistic is nothing but cherry-picked job growth from a few companies that did well after they were bought by Bain:

    [Romney spokesman Eric] Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs).

    This tally obviously does not include job losses from other companies with which Bain Capital was involved — and are based on current employment figures, not the period when Romney worked at Bain. (Indeed, Romney made his comments in response to a former employee of American Pad & Paper Co. who says he lost his job after Bain Capital took it private.)

Bain Capital has been responsible for thousands of layoffs at companies it bankrupted, such as American Pad & Paper, Dade International, and LIVE Entertainment, which Romney’s stat completely leaves out. He’s also taking credit for jobs created long after he left the firm to launch his political career. To sum it up, the stat Romney uses is incredibly dishonest, like much of his jobs rhetoric.

Only in conservative LalaLand could Romney be thought of as a "success". When the rich rob the middle-class to make money that is a kind of theft, not success.

Tuesday, June 5, 2012

Wisconsin Gov Scott Walker(R) Has Terrible Economic Record. Anti-American Fox News Spins The Numbers For Their Friend Scott

Wisconsin Gov Scott Walker(R) Has Terrible Economic Record. Anti-American Fox News Spins The Numbers For Their Friend Scott

Bill O'Reilly Touted Walker's Economic Record. In his Talking Points Memo segment, Fox News host Bill O'Reilly highlighted the drop in Wisconsin's unemployment rate, saying that Walker "has a pretty good story to tell." O'Reilly continued: "When he took office in January 2011, Wisconsin unemployment stood at 7.7 percent. Now it's down to 6.7 percent, according to the last reading in April." [Fox News, The O'Reilly Factor, 6/4/12]

....Journal Sentinel: Wisconsin's Job Numbers During Walker's First 13 Months In Office Was The "Worst Among The 50 States." In March, the Milwaukee Journal Sentinel compared job gains and losses among all 50 states between December 2010 and January 2011 and found Wisconsin's performance under Walker to be the "worst among the 50 states":

    In Gov. Walker's first 13 months (using December 2010 as the baseline), the state lost 8,500 non-farm jobs. That was worst among the 50 states.  Only four other states experienced a net decrease in that time. The chart below shows where other Midwestern states rank and shows the top state for job growth, Texas:

    Journal Sentinel 50 States Job Situation 2011

    If you take the most recent 12 months -- January 2011 to January 2012 - the state lost 12,500 non-farm jobs, also worst in the nation, a fact Democrats have seized on. [Milwaukee Journal Sentinel, 3/15/12]

Wisconsin's Economic Recovery Under Walker Has Lagged Behind Surrounding States

Economic Policy Institute: Under Walker, "Wisconsin Is Lagging With Employment" Compared To Surrounding Midwest States. An Economic Policy Institute analysis of BLS data shows that in the year since Walker took office in January 2011, "Wisconsin stands out in the region, lagging with employment significantly lower -- by 0.5 percent -- in Jan. 2012 than a year earlier":

EPI Midwest Job Trends 2011

[Economic Policy Institute, 3/16/12]

Journal Sentinel: Under Walker, Wisconsin "Has Lagged Substantially Behind The National Pace In Private Sector Job Growth." A chart from the Milwaukee Journal Sentinel shows that in the year since Walker took office, Wisconsin "has lagged substantially behind the national pace in private-sector job growth":

Why do Scott Walker and Fox News hate America and our ideals?

Monday, April 16, 2012

Who Killed Womens Jobs? The Conservative Republican Pretend Patriots




































Who Killed Womens Jobs? The Conservative Republican Pretend Patriots

Yesterday on Meet the Press David (the GOP Talking Point Spigot) Gregory peppered Treasury Secretary Tim Geithner on the issue of jobs losses faced by women under President Obama.  Most news items covering his response have only pointed out the first said...

    "It's a ridiculous and misleading way of looking at the economy"

You can find that quote as the headline at the L.A. Times,, ABC News, Business Insider, Politico, and CBS News among others.

But what I found more interesting is what he said next.  He pointed out that many of the job losses that have occurred while Obama has been President have been in the Public Sector and that's has disproportionately affected police, firemen, nurses and Teachers who are overwhelmingly female.

    I asked Geithner about the technical accuracy of the Romney claim and he explained “this crisis was a very damaging crisis, hurt everybody.  And it began in, as you know, in early 2008.  And a lot of the early job losses in 2008 affected men, because they affected construction and manufacturing. And as the crisis spread and state and local governments were forced to cut back on services and fire a lot of teachers, that caused a lot of damage to women, too.”

Politifact Rated the Romney claim as Mostly False and correctly noted that it come from the BLS:

    Romney’s campaign pointed to U.S. Bureau of Labor Statistics employment figures from January 2009, when Obama took office, and March 2012, for all employees and for female employees.

    Here they are:

    * Total Nonfarm Payroll Jobs:

    January 2009: 133,561,000

    March 2012: 132,821,000

    Net loss: 740,000 jobs.

    * Total Female Nonfarm Payroll Jobs

    January 2009: 66,122,000

    March 2012: 65,439,000

    Net loss: 683,000 jobs.

    They then divided the net loss among women by the total net loss and came up with 92.3 percent.

Although the number is technically true, it doesn't tell the complete story as noted by former Reagan Official Bruce Bartlett:

    "To the extent there have been excessive job losses among women, a lot of it has to do with the fact that there has been an enormous reduction in state and local government employment," Bartlett said. "The decline ... has been especially pronounced in this recession as opposed to other recessions."

This is what the loss of public sector jobs looks like compared to private sector gains under President Obama.

It's not like the GOP has necessarily been a fan of job growth among the public sector.

    "Over the last two years since President Obama has taken office, the federal government has added 200,000 new federal jobs," Boehner said. "And if some of those jobs are lost in this, so be it. We're broke. It's time for us to get serious about how we're spending the nation's money."

And the Center for Budget and Policy points out, State Budgets have been hit hard by this Recession.

    The Great Recession that started in 2007 caused the largest collapse in state revenues on record. Since bottoming out in 2010, revenues have begun to grow again, but states are still far from fully recovered. As of the third quarter of 2011, state revenues remained 7 percent below pre-recession levels, and are not growing fast enough to recover fully soon.

    Meanwhile, states' education and health care obligations continue to grow. Next year, states expect to educate 350,000 more K-12 students and 1.7 million more public college and university students in the upcoming school year than in 2007-08.[2] And some 5.6 million more people are projected to be eligible for subsidized health insurance through Medicaid in 2012 than were enrolled in 2008, as employers have cancelled their coverage and people have lost jobs and wages.[3]

    Consequently, even though the revenue outlook is trending upward, states are still addressing large budget shortfalls by historical standards as they consider budgets for the upcoming year. In some states with two-year budget cycles, projected shortfalls for fiscal year 2013 have already been closed through spending cuts and other measures scheduled to take effect in the next fiscal year, but in the majority of states they must be closed through legislative action in the coming months in order to meet balanced-budget requirements. Extremely large shortfalls addressed in recent years have led to deep cuts in critical public services like education, health care, and human services; the new shortfalls likely will prompt legislators to make further cuts in those areas on top of those already enacted.

And in which states have those public sector cuts been the worst?  You guessed it - in Republican Controlled States.

    The 11 states that the Republicans took over in 2010 laid off, on average, 2.5 percent of their government workforces in a single year. This is compared to the overall average of 0.5 percent for the rest of the states. [...] [T]hese 11 states as a whole account for a total of 87,000 jobs lost, reflecting around 40.5 percent of the total.

    ...

    Texas and the 11 newly-Republican states accounted for a total of 71.5 percent of the year’s public sector job losses, even though they account for less than one-third of the nation’s public sector workers.

    ...

    Many government job losses were due, indeed, to the recession’s impact on state budgets. But in many of the newly-Republican states, the GOP made the problems worse. In Wisconsin, New Hampshire, and Maine, Republican-controlled legislators not only cut public sector jobs, they led assaults on public sector unions, targeting government workers under the guise of balancing their budgets. In those and others, Republicans exacerbated their states’ deficits with tax breaks for corporations and the wealthy, thus leading to even more public sector layoffs that didn’t take place in states that didn’t pursue similar policies.

In several states the attack on public sector jobs has exempted police and firefighters, which leaves teachers and nurses unions to take the majority of the brunt simply so that GOP could give their corporate and Wall Street buddies Bigger Tax Breaks.

The bottom line is that President Obama attempted to stop these types of job losses by extending his emergency stimulus funding to the states.  Guess who stood in the way of that?  I'll let Jeff Hayes of the Institute for Women's Policy Research say it via Politifact:

    "If you break out the 683,000 jobs women lost between January 2009 and March 2012, 64 percent were in government and only 36 percent in the private sector."

    That leads us to a point made by Eileen Appelbaum with the left-leaning Center on Economic and Policy Research. She noted that after the first wave of money in the president’s stimulus bill had run out, Obama asked for another $23 billion in "emergency aid" for state and local governments. The money was sought to avert the layoffs of as many as 300,000 public school teachers, but House Republican leaders stripped it.

    "You could hardly blame Obama for that," Appelbaum said.

There you have it, we now see who killed all those jobs for women.  It wasn't President Obama.  It wasn't Col. Mustard in the Kitchen with a candlestick.

It was the G.O.P., in the Legislature, with a Tax Cut.

Lots of charts at the link. Conservatives cannot have it both ways - cutting jobs that disproportionately affect women and older workers, then turn around and claim someone else is to blame. When a political movement is constantly contradicting itself, telling the public long convoluted stories that bury the truth in bullsh*t, that political movement never has the best interests of the people at heart.

Ann Romney's and the Conservative Republican war on women has an actual body count.

Tuesday, December 6, 2011

Why is Newt Gingrich Winning Over Republicans? Because He is The Kind of Nasty, Corrupt, Idiotic Anti-American That Conservatives Feel Most Comfortable


















Why is Newt Gingrich Winning Over Republicans? Because He is The Kind of  Nasty, Corrupt, Idiotic Anti-American That Conservatives Feel Most Comfortable 

It figured that a Republican presidential primary race defined by nothing so much as a taste for cruel and unusual politics would eventually see Newt Gingrich emerge as the cruelest and most unusual contender. Sure, Michele Bachmann, Rick Perry and Herman Cain might strive for the lowest common denominator. But Gingrich would outdo them in that department, despite heroic feats of insanity, stupidity and sex scandals by the other three. And so he has, emerging as the default choice of a new breed of Republican so extreme it would scare the bejeezus out of Barry Goldwater or Ronald Reagan.

In the same week that saw the former Speaker of the House become the most serious challenger to Mitt Romney, the Republican very few Republicans seem to like, Gingrich showed his true colors. As part of the ongoing GOP rant against organized labor, he stepped up with a proposal to fire school janitors and replace them with child laborers. Blaming “the core policies of protecting unionization and bureaucratization” for “crippling” children, Gingrich told a Harvard audience, “It is tragic what we do in the poorest neighborhoods, entrapping children in, first of all, in child laws, which are truly stupid.” Gingrich did not misspeak. He was serious in suggesting that “most of these schools ought to get rid of the unionized janitors, have one master janitor and pay local students to take care of the school.”

Even in a party where shamelessness is now considered a virtue, it’s unsettling that a man who collected $30,000 a month for an hour of counsel to Freddie Mac administrators would attack school janitors, who according to the Bureau of Labor Statistics earn a mean wage of $13.74 an hour, or $28,570 a year. In response to Gingrich, the American Federation of State, County and Municipal Employees said, “The people you want to fire and replace with kids? A lot of them are parents. That job puts a roof over kids’ heads, food on the table, and provides them with healthcare and the chance to get an education. That job is the only thing between a kid and poverty.” But Gingrich has never been bothered by the human costs of right-wing social experimentation. So why start, now that the Grand Old Party seems to be longing for a return to the Gilded Age? Gingrich is betting there’s no such thing as going too far to the right in this race. He may be right; just days after he championed child labor, he secured the endorsement of New Hampshire’s Union Leader, a rigid-right newspaper determined to stop Romney.

Every conservative running for president in the 2012 cycle is an amazing example of the conservative inability to learn from their mistakes. Everyone of them, especially Newt is the rebirth of the George W. Bush administration, only meaner and dumber - if that were possible. These and their ideological comrades across the country came darn close to destroying the economy, now they're saying they should be in charge so they can create jobs. If they were comedians who specialized in satire that would be funny.


Tuesday, November 8, 2011

Federal Workers Are Underpaid Compared To Their Private Sector Counterparts, Despite What Flawed Republican Study Says


















Federal Workers Are Underpaid Compared To Their Private Sector Counterparts, Despite What Flawed Republican Study Says

To hear Republican presidential primary candidates tell it, the federal workforce under President Obama has experienced ballooning job growth and huge wage increases. Such claims are a staple of Rep. Michele Bachmann’s (R-MN) stump speeches, and for months, former Massachusetts Gov. Mitt Romney (R) has promised to bring the rest of the workers’ pay into line with comparable employees in the private sector.

Speaking at the Koch brothers-backed Americans for Prosperity annual summit Friday, Romney repeated this pledge, saying the pay gap between public and private workers “must be corrected.” “Public servants shouldn’t get a better deal than the taxpayers they work for,” Romney added.

But if Romney truly wants to match the pay of public employees to that of private workers, he would have to give the federal workers a raise, according to a new report from the Bureau of Labor Statistics. And such a raise wouldn’t be a small one — according to the report, federal workers are underpaid compared to their private sector counterparts by an average of 26.3 percent, and that gap is widening, the Washington Post reports:

    The federal government reported Friday that on average, its employees are underpaid by 26.3 percent compared with similar non-federal jobs, a “pay gap” that increased by about 2 percentage points over last year while federal salary rates were frozen.

When asked if, given the BLS report, Romney was promising to give federal workers a raise should he become president, a Romney campaign spokesperson sent ThinkProgress a report from the conservative Heritage Foundation that said federal workers “receive 30 to 40 percent more in compensation than private-sector employees” once wages and benefits were included. “The federal pay system gives the average federal employee hourly cash earnings 22 percent above the average private worker’s. Including benefits raises the average compensation disparity to between 30 and 40 percent,” James Sherk, the report’s author, wrote.

The Project on Government Oversight (POGO) took an extensive look at the Heritage study, however, and found that it was riddled with errors and “methodological problems that call into question the validity of its findings and recommendations.” The Heritage study, for instance, used a BLS survey with a much smaller sample size than the one normally cited in such reports, leading to distortions in its analysis of federal worker pay. In fact, POGO found that the less reliable data distorted Heritage’s wage differentials by 21 to 146 percent.

When I was growing up a lot of the older adults - relatives and their friends - who worked for the government used to complain about their pay, but they always ended by saying that at least they have more job security than the big corporations that would lay off thousands of people every year. I think that is why some people still prefer government work even though state and federal government has slashed payrolls over the last 5 years.

Poll: 50 Percent Say GOP Is ‘Intentionally Stalling’ Economy To Hurt Obama

Saturday, September 3, 2011

Rupert Mudoch's Anti-American Fox News and Its Anti-American Team of Hacks Claim Stimulus Failed


















Rupert Mudoch's Anti-American Fox News and Its Anti-American Team of Hacks Claim  Stimulus Failed

Fox News' Stuart Varney is citing revisions to economic projections for 2012 to revive the myth that the 2009 stimulus failed. In fact, independent economists agree that the stimulus significantly raised employment and increased GDP, and experts say it is the winding down of stimulus spending that is causing a "fiscal drag" on the economy.

Fox's Stuart Varney: Unemployment Forecast Proves The Stimulus Failed

OMB: Unemployment Expected To Average 9 Percent In 2012. The White House Office of Management and Budget released its mid-session budget review on September 1, projecting that the average monthly unemployment rate in 2012 would be 9 percent. [Fiscal Year 2012 Mid-Session Review, Office of Management and Budget, 9/1/11]

Stuart Varney: OMB's Updated Forecast Proves That The Stimulus Failed. On Fox & Friends, Fox Business host Stuart Varney said:

    VARNEY: Look, there's a lot of pressure on the president to come up with something big, bold and new come next Thursday evening. And there's a lot of skepticism that he can do it. Is he going to propose a brand new trillion dollar stimulus program? I mean, this forecast of nine percent unemployment is an admission that the first stimulus program did not work. [Fox News, Fox & Friends, 9/2/11]

But Economists Have Said It's A Decline In Stimulus Spending That Is Causing A "Fiscal Drag" On The Economy

CBO: 85 Percent Of Stimulus Funds Spent By End Of June. In its latest report on the effects of the American Recovery and Reinvestment Act, the Congressional Budget Office reported that 85 percent of the stimulus had been spent by the end of June 2011. [Congressional Budget Office, August 2011]

Krugman: "When The Spending Begins To Tail Off, The Effect On Growth Turns Negative." Paul Krugman, a Nobel prize winning economist and New York Times columnist, wrote in December 2009 that stimulus spending was projected to peak in 2010. He added:

    And when the spending begins to tail off, the effect on growth turns negative. [The New York Times, The Conscience of a Liberal, 12/27/09]

Deutsche Bank: "As Stimulus Programs Wind Down" In 2011 "We'll Then Have A Straight Four Quarters Of Fiscal Drag." According to a November 2010, Business Insider report, Deutsche Bank projected that "the real effect of lost stimulus will start to hit" in the first quarter of 2011. The report continued:

    We'll then have a straight four quarters of fiscal drag. [Business Insider, 11/5/10]

Mark Zandi: "The Benefit [Of The Stimulus] Is Fading, But This Is By Design." According to Talking Points Memo, Mark Zandi, Moody's chief economist, explained that the American Recovery and Reinvestment Act "was never intended to be a source of long-term economic growth," and that the stimulus provided "a significant benefit to the economy's performance over the past more than two years." Zandi added:

    This benefit is fading, but this is by design. [Talking Points Memo, 7/5/11]

The fact is ( facts are terrible things thus Fox does not report them) Obama and Democrats stopped the economy from hemorrhaging jobs.





Conservatives are always prattling on about how they are for freedom. This is just a recent example of a Conservative being honest about what he thinks of one of the fundamental elements of freedom in the USA. Freedom is for the select few  - Columnist: Registering Poor To Vote 'Like Handing Out Burglary Tools To Criminals'

Sunday, August 14, 2011

Republicans Have Become The Anti Jobs Party Just to Make Obama Look Bad


















































































































Republicans Have Become The Anti Jobs Party Just to Make Obama Look Bad

Got home yesterday and told my kid I'd had a busy day because the stock market dropped a lot. Her response: "Oh... is that bad?"

The downgrade certainly played into the massive sell-off, so yet again, S&P's fingerprints are all over a market crash. Could somebody please downgrade them?!

But the larger issues behind the crash are well-known at this point. At center-stage, we have weak growth prospects that continue to lag expectations -- everybody thinks things are about to get better, and when they don't, everybody has their economic hearts broken all over again.

The typical forecaster predicts improvement in the next quarter or so, then a week later, moves that improved scenario another few quarters ahead.

Note the magical thinking here. "Things will get better, I just know it." Yet, both here and in Europe, policy makers essentially fumble around, unwilling to identify and go after the real culprit: weak aggregate demand here and insolvency (or near-insolvency) there.

I'm not saying these are easy problems to diagnose or fix (well, the US demand problem is very clear -- Europe's is more complicated, because some countries (Italy) could likely resolve their debt burdens with strong liquidity injections, others (Greece), probably not).

But what was the biggest, most time- and media- and attention-consuming economic debate in this country in recent months? Was it which are the best jobs measures to get America back to work? Was it how many more rounds of easing should the Fed undertake?

No. It was whether to raise the debt ceiling or default.

Enough already.

Yes, there are many policy makers who either don't understand these dynamics or are purely politically motivated. Some are cynically and solely driven to make the president look bad, with no regard for collateral damage. Others are acting on the belief that smaller government, and thus cuts and further austerity will allow growth to flourish, despite daily evidence that this is backwards.

If you are Ben or Barack, in my honest opinion, you need to ignore them from here on in.

Bernanke and the Fed can help, but they face two other constraints. First, the monetary version of premature fiscal austerity is the phantom menace of inflation. But to the contrary, one way to help both households and governments reduce the real level of their debt burdens is to print money and buy more long-term bonds -- QE3, 4, etc. There's little threat of core inflation accelerating with so much spare capacity in the economy, so helping these sectors to lower the liabilities on their balance sheets will help.

But it might not help much. Constraint number two for the Fed is that interest rates are already low, both at the short and long end of the yield curve. And we know firms are highly profitable and sitting on trillions in cash reserves. So monetary policy faces a pushing-on-a-string problem.

The real action is with the president right now. I liked his comments yesterday -- they didn't go far enough on the jobs front in a way I'll suggest in a moment, but I liked the setup. He essentially said, "OK, I worked with the opposition -- who recklessly used default as a bargaining chip -- to do some deficit reduction. S&P didn't like it -- so what? They're not exactly a beacon of light these days. But I think I've bought myself some running room on jobs... so that's where I'm headed."

He then talked about renewing the payroll tax holiday, extending unemployment benefits, and infrastructure -- specifically roads and bridges.

The first two are already in the system -- they should be renewed but let's be clear: they don't provide new stimulus. It's keeping your foot on the accelerator, which is helpful, but not as helpful as pushing down further. The third -- infrastructure -- is great, but I'm worried "roads and bridges" don't get it. They're necessary, but a) they've become more capital intensive so you don't create enough jobs (I think this is true, but need more research to be sure), and b) they don't capture the imagination.

I like FAST! and recommend he runs with that, or some other idea that meets these criteria: it can be stood up quickly, it's labor intensive with a decent bang-for-buck re jobs, people get it and feel good abut it right off the bat (so, as much as I like the infrastructure bank idea, I'm not sure it works here).

"But wait!," you shout. We're out of bullets -- there's no more money for such things -- and Congress will refuse to add any of this to the deficit. How can you advise the president to block everything else out and call for measures Congress will refuse to consider?!

That's the kind of second guessing, negotiating-with-yourself that has us stuck in the mud. The president needs to decide what this economy needs, make sure it meets the above criteria, especially the one about the solution being easy to understand and feeling good, and fight for it nonstop from here until the unemployment rate starts to steadily decline.

If the merchants of negativity and obstruction block him, then he has to tell the American people precisely who is standing between them and their jobs, their opportunities, their living standards. Tell them that their own and their children's well-being is actively undermined by those who refuse to work with him to get America back to work.

It's that simple.

(This post originally appeared at Jared Bernstein's On The Economy blog.)

For those who have had time to keep up we know that Republicans are enjoying every drag they can put on economic progress. Their presidential candidates have their fingers crossed hoping there is no job recovery because it might help them become president. In the last thrity years conservatives have raised the debt ceiling over 20 times. Now they decide was a good time to hold the economy hostage to get their anti-jobs austerity plan into action. Conservatives are not concerned about jobs or America they are concerned with power and gathering up more money from special interests in between doing everything and anything to make the President look bad. They're like spiteful children who have to have everything their way or they won't play, or let anyone else play either. This all plays into their strategy to make sure govenrment does not work. Government is never all the things everyone wants it to be, ut are we really supposed to put our futures completely in the hands of Exxon or the Koch brothers - you know like they're going to look out for the average American's best interests. Our best hope is a more progressive Democratic Congress in 2012. Kick out the government hating, jobs hating conservative brats.