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Archive for Sunday, June 28, 2009

GOP: Where are the jobs from fed spending?

June 28, 2009

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— Republicans concerned about the Obama administration’s big spending on economic stimulus, energy and health care are asking, “Where are the jobs?”

“The president and Democrats in Congress claim this spending binge is necessary to put Americans back to work,” House Republican leader John Boehner said Saturday in the Republican radio and Internet address. “They promised unemployment would not rise above 8 percent if their trillion-dollar stimulus was passed.”

The administration was wrong, Boehner said. “Unemployment has soared above 9 percent. And now the president admits that unemployment will soon reach double digits.

“After all of this spending, after all of this borrowing from China, the Middle East, our children and our grandchildren, where are the jobs?” he said.

Since President Barack Obama’s stimulus plan to trigger job creation was passed, the economy has shed 1.6 million jobs. The administration has focused instead on its estimate that the stimulus has created or saved 150,000 jobs.

That estimate comes from a formula that uses government spending and tax cuts to predict job growth.

Comments

rtwngr 5 years, 5 months ago

Nero fiddled as Rome burned. All hail Caesar!

cowboy 5 years, 5 months ago

Rep. Boehner Admits Stimulus "Will Create Much-Needed Jobs" June 18, 2009 11:29 am ET by Chris Harris

In a little-noticed statement released on June 15, 2009, House Minority Leader John Boehner admitted federal money from the American Recovery and Reinvestment Act "will create much needed jobs."

The Truth Comes Out

After federal officials ordered $57 million in federal stimulus money to be directed towards shovel-ready projects, House Minority Leader John Boehner released a statement saying:

I'm pleased that federal officials stepped in to order Ohio to use all of its construction dollars for shovel-ready projects that will create much-needed jobs.

On the surface, this little-noticed press release does not appear newsworthy, but after railing against the American Recovery and Reinvestment Act again and again and again and again, this statement is a breathtaking turnaround for Congressman Boehner.

Welcome to the club, Congressman.

Cowboy writes

A few other words come to mind , hippocrite , liar , grandstander , disingenuous , weak , and very tanned !

JohnBrown 5 years, 5 months ago

Unfortunately, Tom, your Neocons have lost all credibility. Neocon policies pushed us into unknown economic territory. I admit, we're lost, BUT, one thing we should not do is listen anymore to the people who got us here: you and your Neocons. You didn't see this coming, so how in the hell can you think we'd believe you and the Neocons would know the way back?

newmedia 5 years, 5 months ago

Change you can believe in. Figures don't lie !!

Flap Doodle 5 years, 5 months ago

The unemployment rate is now higher than what Barry predicted would happen if Porkulus hadn't passed. http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000 His economic stake-through-the-heart cap & trade bill got rammed through the House. Let us hope the Senate retains some measure of common sense.

JohnBrown 5 years, 5 months ago

Tom, the fact is Bush and the Neocons did do this. So, the answer is: forever. This will become known in the history books as the "Bush Depression". The last place to look for answers is from the very people who didn't see this coming but pushed the policies that got us here.

Gimme a break about the Dems "controlling DC for the past 2.5 years." That's a bromide. The Repubs (i.e. filibuster and majority) had the senate, the presidential Veto and controlled all the heads of the various governmental departments (including those who were supposed to be regulating the banks), so the power was still controlled by those who got us here.

Bottom line: you (meaning the neocons) didn't try to stop it because you didn't see it coming. So how are you all now so smart as to 'know' the way out?

Sorry, your credibility score is zero. Time to let some one else try.

cowboy 5 years, 5 months ago

Nancy , you are turning into the republican version of Merrill.

pace 5 years, 5 months ago

i am glad to see the GOP talking about job loss. Nice change, maybe they will come up with ways to combat the really stupid policies they advocated for the last decade. Their great drive to protect the Insurance Industries in any health care reform, their great drive to protect corporations, their great drive to protect industries from paying for their environmental costs, all this drive, turned to job creation and economic stability, to create a cleaner more decent way, to take responsibility , oh never mind, they won't go that road, not till they see it. That road is hard work, slow, and the gold pavement bricks have been pretty well picked through and tucked away. Maybe they will continue taking the shortcuts, instant wealth for the few and blame the democrats for not fixing the current troubles fast enougn. Took us a long time, cost a lot of pensions, homes and lifes to sustain the GOP dream.

kugrad 5 years, 5 months ago

Some jobs will be jobs not lost - such as funding to schools, fire depts, police depts, cities, states, etc. that were going to cut back jobs but now don't have to because of stimulus funds. At any rate, it is too soon to see actual job creation from the stimulus package as it is not occurring in a vacumn, but in the middle of a recession brought about by a culture of greed in business and 4 consecutive presidents who looked the other way as deregulation hurt working Americans. You don't turn this around overnight. Anything the GOP says at this point is fairly meaningless since they are just trying to get in their digs and have no sincere arguments to make. They had the largest, but not only, hand in creating this mess and, as another poster points out, don't think the powerful Dem leaders are fundamentally much different. I do think Obama is different from the pack, and I sincerely think he is trying to change the culture, but he is swimming against the current with the bought and paid for government we have (and I'm speaking of both parties). I wish him the best of luck and great success. I encourage readers to ignore the GOP for a couple of years, they aren't trying to be part of the solution at this point. Not that the Dems are inspiring any kind of confidence.

Confrontation 5 years, 5 months ago

Tom is a housewife, so I don't understand why he cares about this.

beatrice 5 years, 5 months ago

Wait a second, you mean to tell me that a world-wide economic meltdown that exploded in October 2008 hasn't been stopped and turned around during Obama's first six months in office? I'm shocked!

Why do right wingers, those who did not blame Bush for anything that happened in his first term before Sept. 12, not give Obama at least as long to settle into the job? Oh, I forgot, they are right wingers with no sense of history, the modern-day "victim-class" of America ready to blame anyone and everyone but themselves for our troubling times.

Daytrader23 5 years, 5 months ago

How short your memories are. Didn't Siemans just announce a few months ago that they are building a manufacturing plant in Kansas that will produce wind turbines? Guess who received over 81 billion in world wide stimulus funding for green energy? The same people who are bringing jobs to Kansas. Are right wingers THAT dumb?? Where are the jobs? Well first they have to build the damn plants, they don't go up overnight. This article is rubbish. And so is the GOP and their drones.

camper 5 years, 5 months ago

"I agree, the neocons with their deficit spending, inflation, market manipulation and increased amounts of regulation caused the recession"

There is one place where there was no increased amount of regulation, and this would be the mortgage origination business, and this I don't blame on the past administration.

I wonder what in the world the SEC was doing when they allowed this industry to hand out loans, bundle them together (toxic and all), give them the highest rating (AAA), and then sell them as a financial instrument. Ironic that the SEC was created after the depression to prevent securities fraud, but it in my mind it is them that share the most responsibility for sitting idle and allowing the financial industry to get away with this robbery. Sure you can blame the folks who took out these loans, but they were also a tool used by the mortgage/finance industry for their scheme to generate commisions.

Then with the other factors like rising fuel prices, increased health-care costs, two wars, and the gradual loss of our manufacturing base, it is amazing that things are not any worse than they are.

I also agree that the US economy is in uncharted waters, and it is time to try a different approach rather than going down the same road that got us here.

Newell_Post 5 years, 5 months ago

LOL. The GOP is worried about job creation? If so, then the GOP theory of "trickle-down" economics is even more discredited than it previously was.

N_Trenched 5 years, 5 months ago

We just want Obama to part the seas and spread the wealth as was promised by the media and his own campaign. He is making the nut jobs in this town that voted for "His Majesty" look even worse than before. Oh, it is almost time for my evening worship service of gOd-bama. I'll see the rest of Lawrence there!

jumpin_catfish 5 years, 5 months ago

Joke sad sad joke and its on the tax payer.

Richard Heckler 5 years, 5 months ago

As if the GOP created jobs after 8 years under BUSHCO. The jobs they created are located in China.

The GOP = NOT economic giants of our time = killed the USA economy by robbing banks among other things.

Who has history with financial institutions going south such as the savings and loan scandal? Republicans! http://rationalrevolution0.tripod.com/war/bush_family_and_the_s.htm

http://www.commondreams.org/views04/0208-05.htm

http://www.inthesetimes.com/article/4120/we_arm_the_world/

McCain: The Most Reprehensible of the Keating Five. The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate ... http://www.phoenixnewtimes.com/1989-11-29/news/mccain-the-most-reprehensible-of-the-keating-five/1

CRIME: Who hosted the Iran Contra secret illegal sale of weapons? Republicans! http://www.gwu.edu/~nsarchiv/nsa/publications/irancontra/irancon.html http://www.pbs.org/wgbh/amex/reagan/peopleevents/pande08.html

CRIME: Who brought the nation Iran Contra number 2? Republicans! http://www.democracynow.org/2008/3/5/iran_contra_20_how_the_bush

CRIME: Which party illegally spied on the democrats to win an election? Republicans! Watergate! http://www.washingtonpost.com/wp-srv/politics/special/watergate/index.html

CRIME: Which party held secret energy meetings and refused our elected officials its' content and who attended? GW Bush and the republicans!

CRIME: Which party lied to congress and the world,went against military advice and created the worst strategic blunder in the history of the USA aka Iraq War? Republican Party! http://www.msnbc.msn.com/id/10348418/

Which party has held secret oil deals with Saudi Arabia? Republicans! http://www.democracynow.org/2004/4/20/did_bush_cut_secret_oil_deal

CRIME: Secret Oil deals for Iraq Oil- Republicans! http://www.pubrecord.org/nationworld/262.html?task=view

RobertMarble 5 years, 5 months ago

yet another example of obama falling on his face when reality overrides his rhetoric. if his failings didn't have such a negative impact on the entire nation it would be enjoyable to say "told you so" to the sheep who voted for him

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