And he has done this while fighting the Republican Party who has pulled out all the stops to try to kill our economy so they can grab even more power and give even more money to the richest people in the country who by the way, have been sending American jobs overseas. Ask the U.S. Chamber of Commerce, one of the GOP’s biggest supporters how they feel about shipping American jobs overseas. They actually teach classes on how to do it – how to stick it to American workers. Thanks to Steve Benen for the awesome chart and story.
That is not hyperbole either, those are the cold, hard facts. Steve Benen has an excellent post about why they hate American jobs so much…it boils down to one word, POLITICS! From Benen at the Washington Monthly…(emphasis mine)
THE GOP PLAN TO MAKE UNEMPLOYMENT MUCH WORSE…. The number one issue on the minds of most Americans is job creation. With that in mind, it seems rather important that congressional Republicans are pushing a plan that would make unemployment much worse, on purpose.
A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday.
The report, by Moody’s Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.
Zandi, an architect of the 2009 stimulus package who has advised both political parties, predicts that the GOP package would reduce economic growth by 0.5 percentage points this year, and by 0.2 percentage points in 2012, resulting in 700,000 fewer jobs by the end of next year.
Zandi also had bad news for liberal Democrats who are resisting sharp spending cuts: Bringing deficits down to sustainable levels will require more than a growing economy.
If this seems familiar, it’s because it’s not the first report to raise this point. The Washington Post‘s Dana Milbank, relying on data compiled by the Center for American Progress, found that the Republican budget plan would force roughly 975,000 Americans from their jobs. What’s more, just last week, economists at Goldman Sachs estimated that the GOP proposal would reduce economic growth by as much as 2% of GDP, which would cause the unemployment rate to go up about a point.
This deserves to be the lead story for every major news outlet covering the debate. There’s no more important angle to the electorate that still says economic growth and job creation trump everything else.
I would, by the way, gladly note the Republicans’ response to this, but as far as I can tell, the GOP doesn’t have one. The House majority has seen these multiple projections, showing steep job losses, that Republicans have responded with nothing — no projections, no competing sets of numbers, no hearings on the effects of their cuts, nothing.
I remember when I first heard that the U.S. Chamber of Commerce supported outsourcing and in fact, encouraged American companies to do it, I almost fell off my chair. The U.S. Chamber of Commerce encouraging American companies to ship American jobs overseas…you have to be kidding me, right? Oh no, this is not a joke. They actually have offered classes on how to do it….how to stick it to American workers. From ThinkProgress…
The ties between the AmChams and the U.S. Chamber are deep. In addition to sharing staff members, the Chinese AmCham has worked closely with the U.S. Chamber and the Chinese government to sponsor a series of seminars in America to teach American businesses how to outsource jobs to China (called the China Grassroots Program). Below is an invite to an event sponsored by the right-wing billionaire Sheldon Adelson, inviting local businesses in Florida to come to Jacksonville and learn about outsourcing from Chinese government officials like Li Haiyan, the Counselor for Economic Affairs for the People’s Republic of China, U.S. Chamber lobbyist Joseph Fawkner, and BChinaB, a firm that specializes in helping American firms outsource their manufacturing jobs to China. Click the screenshot below for the invitation:
Now everyone knows that the U.S. Chamber of Commerce is a huge benefactor of the Republican Party and make sure that their beneficiaries of their largesse fall in line with the “company line.” But really, the name “U.S. Chamber of Commerce” should probably be changed to reflect what it really does. How about the “Foreign Chamber of Commerce” or the “Non-U.S. Chamber of Commerce” because they receive a lot of money from foreign corporations and I’m sure it has NOTHING to do with their stance on outsourcing, right? More from ThinkProgress…
Separately from their relationship with the AmCham affiliates, the U.S. Chamber of Commerce receives direct foreign donations to the same 501(c)(6) political account the Chamber is using to run an unprecedented $75 million attack ad campaign against progressives. In an exclusive investigation, ThinkProgress documented over 80 foreign firms donating at least $885,000 to the Chamber’s 501(c)(6) account. As ThinkProgress’ Brad Johnson noted, many of these foreign supporters of the Chamber financing its 501(c)(6) are also some of the world’s largest outsourcing companies.
Isn’t that just sweet, the U.S. Chamber of Commerce taking donations from foreign nations that compete directly with American companies for jobs. Does anyone else see a problem with this or is it just me? Even Ronald Reagan must be rolling over in his grave over this bullshit, and this is the same group of folks who claim to have a monopoly on patriotism and nationalistic pride.
Even though the right wing has had some success at sticking to message and brainwashing the “American People” and the media, the so called “Stimulus Bill” or the American Recovery and Reinvestment Act of 2009 has been extremely successful. From an article in the New York Times…
Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.
I think it is proof that government can spur growth (5.7% in the last quarter), can you imagine how much more there could have been if the bill didn’t have so many tax cuts to placate the Republicans who didn’t freakin vote for it. The stimulus worked in a lot of ways…
In the early months of last year, spending by state and local governments was falling rapidly, as was tax revenue. In the spring, tax revenue continued to drop, yet spending jumped — during the very time when state and local officials were finding out roughly how much stimulus money they would be receiving. This is the money that has kept teachers, police officers, health care workers and firefighters employed.
Then there is corporate spending. It surged in the final months of last year. Mark Zandi of Economy.com (who has advised the McCain campaign and Congressional Democrats) says that the Dec. 31 expiration of a tax credit for corporate investment, which was part of the stimulus, is a big reason…
…For that, the stimulus package, flaws and all, deserves a big heaping of credit. “It prevented things from getting much worse than they otherwise would have been,” Nariman Behravesh, Global Insight’s chief economist, says. “I think everyone would have to acknowledge that’s a good thing.”
I guess in this “what have you done for me lately” country that we live in, memories are short, patience is short and the spin-meisters rule the world. Democrats tend to be more honorable people and won’t use the nasty tactics that the Republicans use. Blatant lying, manufactured stories, up is down, down is up and of course they have a syndicate of media to get their messages out, which the MSM then just repeats without correcting lies, errors or misleading interpretations. What the hell good is the MSM anyway?
In his State of the Union address, President Barack Obama showed the country why he is absolutely the best person to lead this country in this time in our history. He was eloquent, forceful, realistic, honest, forward looking and inspirational. Only those people who watched through their veils of hate can say otherwise. There were many highlights for me and below are some excerpts that were particularly good.
He showed compassion.
But the devastation remains. One in ten Americans still cannot find work. Many businesses have shuttered. Home values have declined. Small towns and rural communities have been hit especially hard. For those who had already known poverty, life has become that much harder.
This recession has also compounded the burdens that America’s families have been dealing with for decades – the burden of working harder and longer for less; of being unable to save enough to retire or help kids with college.
So I know the anxieties that are out there right now. They’re not new. These struggles are the reason I ran for President. These struggles are what I’ve witnessed for years in places like Elkhart, Indiana and Galesburg, Illinois. I hear about them in the letters that I read each night. The toughest to read are those written by children – asking why they have to move from their home, or when their mom or dad will be able to go back to work.
He was inspirational.
You know what else they share? They share a stubborn resilience in the face of adversity. After one of the most difficult years in our history, they remain busy building cars and teaching kids; starting businesses and going back to school. They’re coaching little league and helping their neighbors. As one woman wrote me, “We are strained but hopeful, struggling but encouraged.”
It is because of this spirit – this great decency and great strength – that I have never been more hopeful about America’s future than I am tonight. Despite our hardships, our union is strong. We do not give up. We do not quit. We do not allow fear or division to break our spirit. In this new decade, it’s time the American people get a government that matches their decency; that embodies their strength.
He gave concrete proposals.
So tonight, I’m proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. I am also proposing a new small business tax credit – one that will go to over one million small businesses who hire new workers or raise wages. While we’re at it, let’s also eliminate all capital gains taxes on small business investment; and provide a tax incentive for all businesses, large and small, to invest in new plants and equipment…
…The House has passed a jobs bill that includes some of these steps. As the first order of business this year, I urge the Senate to do the same. People are out of work. They are hurting. They need our help. And I want a jobs bill on my desk without delay…
He was forceful.
You see, Washington has been telling us to wait for decades, even as the problems have grown worse. Meanwhile, China’s not waiting to revamp its economy. Germany’s not waiting. India’s not waiting. These nations aren’t standing still. These nations aren’t playing for second place. They’re putting more emphasis on math and science. They’re rebuilding their infrastructure. They are making serious investments in clean energy because they want those jobs.
Well I do not accept second-place for the United States of America. As hard as it may be, as uncomfortable and contentious as the debates may be, it’s time to get serious about fixing the problems that are hampering our growth.
He was honest and admitted his own failures.
Our approach would preserve the right of Americans who have insurance to keep their doctor and their plan. It would reduce costs and premiums for millions of families and businesses. And according to the Congressional Budget Office – the independent organization that both parties have cited as the official scorekeeper for Congress – our approach would bring down the deficit by as much as $1 trillion over the next two decades.
Still, this is a complex issue, and the longer it was debated, the more skeptical people became. I take my share of the blame for not explaining it more clearly to the American people. And I know that with all the lobbying and horse-trading, this process left most Americans wondering what’s in it for them.
He gave us context and historical perspective.
So let me start the discussion of government spending by setting the record straight. At the beginning of the last decade, America had a budget surplus of over $200 billion. By the time I took office, we had a one year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade. Most of this was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program. On top of that, the effects of the recession put a $3 trillion hole in our budget. That was before I walked in the door.
Now if we had taken office in ordinary times, I would have liked nothing more than to start bringing down the deficit. But we took office amid a crisis, and our efforts to prevent a second Depression have added another $1 trillion to our national debt.
I am absolutely convinced that was the right thing to do. But families across the country are tightening their belts and making tough decisions. The federal government should do the same. So tonight, I’m proposing specific steps to pay for the $1 trillion that it took to rescue the economy last year.
He was inspirational and had a call to action.
Our administration has had some political setbacks this year, and some of them were deserved. But I wake up every day knowing that they are nothing compared to the setbacks that families all across this country have faced this year. And what keeps me going – what keeps me fighting – is that despite all these setbacks, that spirit of determination and optimism – that fundamental decency that has always been at the core of the American people – lives on.
It lives on in the struggling small business owner who wrote to me of his company, “None of us,” he said, “…are willing to consider, even slightly, that we might fail.”
It lives on in the woman who said that even though she and her neighbors have felt the pain of recession, “We are strong. We are resilient. We are American.”
It lives on in the 8-year old boy in Louisiana, who just sent me his allowance and asked if I would give it to the people of Haiti. And it lives on in all the Americans who’ve dropped everything to go some place they’ve never been and pull people they’ve never known from rubble, prompting chants of “U.S.A.! U.S.A.! U.S.A!” when another life was saved.
The spirit that has sustained this nation for more than two centuries lives on in you, its people.
We have finished a difficult year. We have come through a difficult decade. But a new year has come. A new decade stretches before us. We don’t quit. I don’t quit. Let’s seize this moment – to start anew, to carry the dream forward, and to strengthen our union once more.
Thank you. God Bless You. And God Bless the United States of America.
Maureen Dowd needed a Daddy after the exploding panties event.
Maybe the repugs will support gay marriage if it creates jobs.
It sure is nice to have a democratic president and congress, I just have to say. They are working on a jobs bill that will actually create real jobs for people. I can only imagine what the republic party would offer up if they were in charge, tax cuts for the wealthiest I’m sure. From The Hill
Senate Democrats are crafting a job creation bill that would boost funding for small businesses, public services, infrastructure projects and energy efficiency programs.
An aide to Senate Majority Whip Dick Durbin (D-Ill.) said Democrats are looking at proposals in those four main areas. But the aide said that senators have yet to finalize their specific proposals…
…They are considering new transit and highway spending and efforts to help stave off public employee layoffs, as well as a new tax credit for businesses hiring new workers and a program providing incentives for homeowners to retrofit their homes, according to a source off Capitol Hill.
Watch the republicans scream that there aren’t any tax cuts in it, although there are. But when they are targeted tax credits, they can’t end up in some CEO’s bonus.