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View Diary: It's time to pivot to jobs, but it isn't going to happen (125 comments)

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  •  The more spending is reduced, the more job LOSS (3+ / 0-)
    Recommended by:
    irmaly, kubla000, chuckvw

    is the clear priority. Jobs CANNOT be created with spending, period. All the Democrats can do now is make the Republicans OWN the catastrophic jobs and wages loss we'll be suffering by this time next year. I'm betting on at least 12 percent unemployment. There should be no Democrat ANYWHERE who isn't tying that job loss to the drastic spending cuts this bill — and others in states — imposes.

    Luckily, Ohio has five excellent congresspeople who get this. Unfortunately, one will loss his/her district next year, probably (in my opinion) Betty Sutton. I hope she moves a few miles west and ejects the execrable John Rennacci.

    Jennifer Brunner for Governor of Ohio 2014

    by anastasia p on Tue Aug 02, 2011 at 11:57:08 AM PDT

    •  Debt Deal Will Cost 1.8 Million Jobs In 20 (0+ / 0-)

      The Economic Policy Institute, a top nonpartisan think tank, estimates that the deal struck this weekend to raise the nation’s debt limit will end up costing the economy 1.8 million jobs by 2012. Today the Senate is expected to approve the package passed yesterday by the House and send it to President Obama. But while the unemployment rate remains above 9 percent, the deal does nothing to address chronic joblessness.

      The agreement would reduce spending by at least $1 trillion over 10 years, but even the near-term cuts could shrink already sluggish GDP growth by 0.3% in 2012. According to EPI, the plan “not only erodes funding for public investments and safety-net spending, but also misses an important opportunity to address the lack of jobs.” In particular, the immediate spending cuts and the “failure to continue two key supports to the economy (the payroll tax holiday and emergency unemployment benefits for the long term unemployed) could lead to roughly 1.8 million fewer jobs in 2012.”

      The GOP have no sincere intention of addressing jobs until Obama is out of office and the Dems are out of power.

      The GOP started with the nickel and diming of the Recovery Act and they haven't let up since. They'll support President Romney doing it in 2013 after he kills the Health Care Act and the other Obama legislation they don't like.

      Jobs be damned:
      "The single most important thing we want to achieve is for President Obama to be a one-term president"
      Mitch McConnell, October 2010

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