Extreme Liberal's Blog

Where Liberalism Is Alive and Well!

The American Jobs Act Will Prevent A Recession – Pass It NOW!

Since President Obama announced his American Jobs Act, economists have almost unanimously predicted that it would boost GDP and create jobs. Here is a sampling of what has been said.

  • This headline at Bloomberg says it all, Obama Jobs Plan Prevents 2012 Recession in Survey of Economists. John Herrmann, a senior fixed-income strategist at State Street Global Markets LLC said “The plan ‘prevents a contraction of the economy in the first quarter” of next year.” Another quote from that article said ‘“The important thing to consider is: What happens if we don’t do anything?’ said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida. He said the program ‘very well could” forestall a recession in early 2012.'”
  • The Economic Policy Institute assessment of the jobs bill said, “So, how did President Obama do by our criteria? Very well, as the package provides a substantial boost to the economy in addition to continuing the important efforts already underway (providing unemployment compensation and the payroll tax holiday).”

What this comes down to is — Republicans have to choose between politics and helping the American people, who are clamoring for Washington to do something about creating jobs. The GOP is up against a wall and this is a test of whether or not the Republican party cares at all about American workers. I think I know the answer, but I’m still clinging to a shred of hope that they will do what is right for the country.

PASS THE BILL NOW!

Cross-posted at Angry Black Lady Chronicles

September 29, 2011 Posted by | Economy, Jobs, President Barack Obama | , | 14 Comments

Pass The Bill Now – We Can’t Wait 14 Months

Please, take action. Make a call or send a letter, talk to people. This is serious business, people need help right away. Show your support for American jobs.

September 26, 2011 Posted by | Democratic Party, Economy, Jobs, President Barack Obama | , | 2 Comments

   

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