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GOP Blocks More Than 1 Million Jobs for an Entire Year Today is the day we got the monthly jobs report, which unfortunately did not meet expectations. But today is also important for a related reason — it’s the one year anniversary of the introduction of the American Jobs Act, a vital jobs bill that Republicans have been blocking since day one.
The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials.
ThinkProgress’ Travis Waldron explains just how much the bill would’ve done if Republicans hadn’t repeatedly voted it down in the Senate and refused to even take it up the House:
–Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.
–The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.
–Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.
–Goldman Sachs estimated it would add 1.5 percent to GDP.
The American economy has continued to recover since the American Jobs Act failed. It added 96,000 jobs last month, according to today’s Bureau of Labor Statistics report, making August the 30th consecutive month in which the private sector has grown. But growth could have been faster: the public sector shed 7,000 jobs in August, adding to the more 700,000 it has lost since 2009. That includes hundreds of thousands of teachers and educators, firefighters, and police officers. Had the public sector spent the last three years growing at its previous rate, unemployment would be at least a full point lower than it is now.
The American Jobs Act and policies like it would have unquestionably boosted job creation and economic growth, a stark contrast to the tax-cutting policies put forth by congressional Republicans, whose “job creation” bills would have actually destroyed thousands of jobs. Republicans nevertheless continue to ignore economists and basic economics, instead pushing supply-side tax policies that have repeatedly failed to boost job creation and economic growth.
BOTTOM LINE: It’s time for Republicans to stop sabotaging the economy for political reasons and start working with the president to put Americans back to work.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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Hey Ray, we do not need a bigger government. We need a more efficient one. Obama is the biggest government spender in world history.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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quote:Originally posted by CashCowMoo: Hey Ray, we do not need a bigger government. We need a more efficient one. Obama is the biggest government spender in world history.
quote:Originally posted by CashCowMoo: Hey Ray, we do not need a bigger government. We need a more efficient one. Obama is the biggest government spender in world history.
cash, you live in GOP LALALAND... you're hopeless.
i've shown you how Obma had like 90 some percent of his spending baked in by GOP's as early as 2005, i've shown you how and whyObama was forced into spending what little of the discretioanry spendign that was his to chhose over and over again yet you still return to repeating propaganda.
do you wake up in the morning and have to read notes on the mirro to remember who you are?
that's what you seem like... i mean i'm all for pointing out Obmaas real flaws and mistakes, but i'm prettymuch waiting for three years and 10 months for you to actually do that...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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What do you mean by big government CCM? More teachers is a bad thing? More firemen? More police? More border guards?
That kind of big government I can handle.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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