Skip to main content

View Diary: President Obama needs a better answer on jobs (25 comments)

Comment Preferences

  •  Neither candidate is owning up to the economics (0+ / 0-)

    We continue to face a shortage of demand.  And without demand, all the tax cuts in the world won't stimulate hiring.  And it's got to be a significant increase in demand to make a difference.  A lot of businesses are thriving because they're meeting demand with lower labor costs.  

    Demand got hammered for a number of reasons:  

    housing crisis
    European financial crisis
    Americans waking up to their cc debt load

    So demand fell drastically, and business in response cut back, leaving more people without money to spend.  This meant less revenue for municipalities and states, so they slashed civil employee payrolls.

    The president's stimulus plan worked, but didn't go far enough, and in order to gain enough support in Congress, he had to include tax cuts that didn't stimulate the economy.  His other big infrastructure efforts were blocked by the GOP in congress.  

    Without more demand, which is slowly coming back, the recovery of employment will remain sluggish.  The tax cuts are a dodge that in some cases have hurt b/c the public sector hiring is paid for with tax revenues.  And right now even with private sector picking up, public sector hiring is still lagging.

    •  President Obama addresses this (0+ / 0-)

      He talks about middle class tax cuts. Why does he want them? So that money can be used to "buy a new computer, or to go towards a new car" which creates car and computer jobs and which in turn creates support jobs. These are all narratives describing the need for more 'demand'.

      •  Romney's "Flip the Switch" tactic... (1+ / 0-)
        Recommended by:

        President Obama should reveal that Romney brought in some light when he became Governor of Massachusetts when his state's version of Obamacare (e.g., a term the President likes) was passed.

        Also, Governor Romney's brand of leadership worked so well for his state that he decided not to contest a second term in office as governor to have the citizens of the state have another go at his kind of leadership.

        This type involves another "Flip of the Switch" where everything goes dark and Romney's dark twin shows up (the person that Romney was during the Republican primaries). Romney's dark half cut the lights out on policies that promoted equal protections for women in regards to social issues.

        Romney's switch-a-roo made him so divisive, that to this day, the state of Massachusetts have outrightly rejected his policies, which is why he didn't run for another term as governor.  

    •  Part of the demand (0+ / 0-)

      problem is low wages and a shortage of certain jobs.  In the previous diary I talked about the minimum wage needing to be raised and about putting the construction industry and government workers back to work.  Those extra jobs would increase the demand for goods and services as those people started spending money again.

      The ...Bushies... don't make policies to deal with problems. ...It's all about how can we spin what's happening out there to do what we want to do. Krugman

      by mikepridmore on Wed Oct 17, 2012 at 06:52:54 AM PDT

      [ Parent ]

    •  I hear you, but... (0+ / 0-)

      President Obama needs to address that more specifically. He should convey to voters that "progress was made in spite of obstructionism" but we can DO better.  

      President Obama should also point that Mitt Romney (for all of Mitt's Economic Progress) was lagging behind the rest of nation's unemployment rates at the time.

      PBO should also point out that it was Good that Romney had Democrats to work with him in getting some key legislation to pass BECAUSE DEMOCRATS were willing.
      The president should also say that unemployment rate dropped despite Republicans officials cutting public sector jobs and laying off public sector employees across the country. Jobs are Jobs....

    •  The biggest losses (0+ / 0-)

      are in the construction industry and government jobs.  We need to focus on that.  And we need to talk about raising the minimum wage.  That latter part would directly affect 28 million families.

      The ...Bushies... don't make policies to deal with problems. ...It's all about how can we spin what's happening out there to do what we want to do. Krugman

      by mikepridmore on Wed Oct 17, 2012 at 08:32:43 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site