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View Diary: Obama puts 2014 in perspective (41 comments)

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    •  Thats just about the most misleading (0+ / 0-)

      chart I can imagine. The two things have absolutely nothing do with each other.

      "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

      by Auburn Parks on Fri Apr 04, 2014 at 03:30:34 PM PDT

      [ Parent ]

      •  Critics Claimed Immediate Job Harms (0+ / 0-)

        From the day the Affordable Care Act was signed into law, Republicans have been claiming that it would kill jobs. Indeed, just three months after the President signed the law, House Republicans put out a 43-page report slamming Obamacare that began with a section entitled, "American Jobs Already Under Attack." Likewise, the Heritage Foundation pressed the argument that the enactment of Obamacare in March 2010 had an immediate negative impact on private-sector job growth.

        Now that we've created 8.8 million private-sector jobs under Obamacare, I don't think we should be shy about pointing out the contrast between what happened in the job market under the economic policies of the last decade and what is happening in the job market under Obamacare.

        The ACA represented a massive change in economic policy. As David Leonhardt of the Times wrote when it was enacted:

        The bill that President Obama signed on Tuesday is the federal government’s biggest attack on economic inequality since inequality began rising more than three decades ago.

        Over most of that period, government policy and market forces have been moving in the same direction, both increasing inequality. The pretax incomes of the wealthy have soared since the late 1970s, while their tax rates have fallen more than rates for the middle class and poor.

        Nearly every major aspect of the health bill pushes in the other direction….

        And as the Makeshift Academic put it more recently:
        [S]ection 9015 of the Affordable Care Act ... is the single most progressive piece of tax reform over the last 20 years – and arguably since the institution of the graduated income tax.

        In fact, the ACA as a whole is notable not only for the massive benefits that it showers on middle and lower-income Americans, but also for the progressive way it pays for them – by increasing tax rates on wealthy individuals and large companies, eroding corporate welfare, and closing numerous tax loopholes that tend to benefit narrow sets of businesses and wealthy individuals.

        Democrats and Republicans have fundamentally different views on how best to boost the economy and create jobs. The Republican philosophy was reflected in the 2001 and 2003 Bush tax cuts. The Democratic philosophy is reflected in Obamacare. And Democrats should not shy away from a comparison of the job markets under those policies.
        •  Right, and those Con lies are nothing but (0+ / 0-)

          propaganda too. And if I point it out when they do it then I should point it out when we do it.

          That chart is misleading, the jobs gained have almost nothing to do with the ACA. The same amount of would have been added sans the law.

          "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

          by Auburn Parks on Fri Apr 04, 2014 at 05:28:00 PM PDT

          [ Parent ]

        •  Oh and another thing, reducing the deficit (0+ / 0-)

          has been terrible for the economy. Reducing the deficit reduces the income of the private sector by accounting definition.  There may be times for that, a depression with 10% unemployment is not one of those times.

          "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

          by Auburn Parks on Fri Apr 04, 2014 at 05:29:34 PM PDT

          [ Parent ]

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