Category Archives: The Economy

Boehner, Where Is, “Where Are the Jobs?”? | Mother Jones

More coverage on the changing poll numbers…

The GOP campaigned on jobs, jobs, jobs and hasn’t done a thing about creating jobs since they took over the House.  Instead, they are pursuing radical budget cuts and tax cuts for Corporations and the Rich that will kill jobs and the recovery.

And going after policies and institutions that either a) dare to question them and hold them accountable or b) don’t fit their 19th Century notions of the role of women and minorities.

But the public is getting wise to the Republicans-again.

Let’s hope the Electorate retains the information better this time….

From David Corn at MotherJones:

Before the 2010 congressional elections, Rep. John Boehner (R-Ohio) and his fellow GOPers developed and implemented a simple campaign strategy: say “where are the jobs?” over and over and over. Even though the nonpartisan Congressional Budget Office had declared thst President Barack Obama’s stimulus package had created or saved about 3 million jobs and a recovery (albeit weak) was under way, the Republicans blamed Obama for screwing up the economy (not Wall Street or the Bush-Cheney administration). In politics, an attack doesn’t have to be fair or accurate to work—and this one did.

Since then, have you heard Boehner screaming about jobs? No. He and his comrades have focused on one thing: cutting government spending, which will undoubtedly lead to job loss in the short run (if not the long run). Wait—that’s not fair. They’ve also focused on abortion (with legislation that would make it harder for a woman who was raped to obtain federal assistance for an abortion), Planned Parenthood (with legislation that would defund the outfit), NPR (ditto), and American Muslims (with today’s hearings on radicalization among Muslim Americans). There’s not been much talk of jobs.

Consequently, this new poll from Bloomberg is hardly a surprise:

Americans say President Barack Obama lacks an effective strategy for improving the U.S. economy. They have much less confidence in the Republican vision for success.

By a margin of 51 percent to 40 percent, a Bloomberg National Poll shows Americans say Obama lacks the right formula for long-term growth, a goal he presented in his State of the Union address with the phrase “win the future.”

The Democratic president still does better than Republicans: When asked who has a better vision for the years ahead, 45 percent of poll respondents chose Obama and 33 percent picked the Republicans.

Four months ago, the GOPers shellacked the Democrats. They became the new kids on the block and claimed they were eager to refurnish their image with the American public. Yet once in power, they have reverted to their old ways—culture war and spending cuts.

via Boehner, Where Is, “Where Are the Jobs?”? | Mother Jones.

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Daily Kos: Voters trending towards Obama, away from GOP on deficit, economy

More from DailyKos on today’s poll numbers…

Please click the link for their detailed analysis…

DemFromCT took a detailed look at the latest ABC/Washington Post numbers earlier today, but I think these numbers bear repeating:

Chart based on ABC/Washington Post polling data (Source)

Chart

So since their post-election honeymoon, the GOP has had something of a nightmare, dropping a net of 13 points on who voters trust to deal with economy and an amazing 17 points on the federal budget deficit.

Although it’s somewhat surprising to see their numbers fall so quickly, it was bound to happen: not only have Republicans failed to do a single thing to improve the jobs situation, they are way out-of-step with the public on fiscal issues.

If Republicans keep this up, Democrats might be able to seriously talk about retaking the House.

via Daily Kos: Voters trending towards Obama, away from GOP on deficit, economy.

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Public Policy Polling: Brutal numbers for Kasich, SB 5

More Buyer’s Remorse with the GOP Governor in Ohio….

I do hope the tied is turning and lasts through the 2012 elections…

Elections have consequences and we are seeing them now with the out of control GOP Governors and House….

There are two things particularly notable in the crosstabs on all of these questions. The first is that non-union households are supportive of the public employees. 54% support their collective bargaining rights to 36% in opposition and 44% say they would vote to repeal SB 5 to 38% who would let it stand. Obviously that level of support is not nearly as high as among union households but it still shows that the workers have even most of the non-union public behind them.

The other thing that’s worth noting is the independents. A lot of attention has been given to the way what’s been going on in Ohio and Wisconsin is galvanizing the Democratic base, but it’s also turning independents who were strongly supportive of the GOP in the Midwest last year back against the party. 62% of independents support collective bargaining for public employees to 32% opposed and 53% support repeal of SB 5 to 32% who would let it stand.

All of this is having an absolutely brutal effect on John Kasich’s numbers. We find him with just a 35% approval rating and 54% of voters disapproving of him. His approval with people who voted for him is already all the way down to 71%, while he’s won over just 5% of folks who report having voted for Ted Strickland last fall. Particularly concerning for him is a 33/54 spread with independents.

Voters in the state are having significant buyers remorse about the results of last fall’s election. In a rematch 55% say they would now vote for Ted Strickland to just 40% who would vote for Kasich. Because this is a sample of all registered voters in the state and not just those who voted in last fall’s Republican heavy electorate the self identified 2010 vote of this sample is 49% for Strickland and 46% for Kasich but that still suggests a 12 point movement toward Strickland among those surveyed over the last four months.

via Public Policy Polling: Brutal numbers for Kasich, SB 5.

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Poll: Budget Impasse Cements Public’s Disapproval of Washington – The Washington Post

Interesting Poll results out today from the Washington Post/ABC News.

In summary, everyone thinks government is broken, many more people trust President Obama to handle the economy than the GOP and people have lost faith in the Republicans on the economy.

Serious Buyers Remorse on the GOP Congress….

The early battles in Washington this year have cemented the public’s disapproval of the political system and the country’s leadership, with confidence in congressional Republicans sagging and majorities disapproving of how President Obama is handling top domestic issues, according to a new Washington Post-ABC News poll.

In a sweeping indicator of dissatisfaction with Washington, just 26 percent of Americans say they are optimistic about “our system of government and how well it works,” a low point in polls dating to 1974. This gloomy assessment is shared by Democrats and Republicans, even as they agree on little else.

AND

When it comes to dealing with issue No. 1, the economy, Obama has an advantage: 46 percent say they put more faith in the president, 34 percent say so about congressional Republicans. Obama has a similar 12-point lead on the question of who better understands the economic problems people face, and a nine-point edge on dealing with the deficit.

via Poll: Budget impasse cements public’s disapproval of Washington – The Washington Post.

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Michigan’s GOP Gov. Slashes Corporate Tax Rate by 86 Percent, Hikes Taxes for Working Poor | AlterNet

Again, I ask:  “Why are people putting up with this?”

These new radical Republican Governors are cutting the Corporate Tax rates while screaming about budget shortfalls.  That’s irresponsible.

Then they are cutting services for women, the poor, minorities, public employees and students.   That is immoral.

I think we are going to see more people in the streets- like in Wisconsin- before this is over.  Of course, the GOP will probably just call out the National Guard to clear them out…

And to my fellow North Carolinians:  Our new GOP Legislature is trying to figure out how to get some of these policies past our Democratic Gov….

From AlterNet:

As we’ve been documenting, several conservative governors have proposed placing the brunt of deficit reduction onto the backs of their state’s public employees, students, and middle-class taxpayers, while simultaneously trying to enact corporate tax cuts and giveaways. Govs. Rick Scott (R-FL), Tom Corbett (R-PA), and Jan Brewer (R-AZ) have all gone down this road.

Following suit, Gov. Rick Snyder (R-MI) has proposed ending his state’s Earned Income Tax Credit, cutting a $600 per child tax credit, and reducing credits for seniors, while also cutting funding for school districts by eight to ten percent. At the same time, as the Michigan League for Human Services found, the state’s business taxes would be reduced by nearly $2 billion, or 86 percent, under Snyder’s plan:

Business taxes would be cut by 86 percent from an estimated $2.1 billion in FY 2011 to $292.7 million in FY 2013, the first full year of the proposed tax changes…Taxes on individuals from the state income tax would rise by $1.7 billion or nearly 31 percent, from an estimated $5.75 billion in FY 2011 to $7.5 billion in FY 2013, the first full year of the tax changes.

As the Institute on Taxation and Economic Policy found, the practical upshot of Snyder’s tax increases is to place even more of a burden on Michigan’s poorest residents, who will see a bigger hike than those at the upper end of the income scale:

via Michigan’s GOP Gov. Slashes Corporate Tax Rate by 86 Percent, Hikes Taxes for Working Poor | AlterNet.

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Expert: Japan’s radiation could spread to U.S. | The Raw Story

In addition to the heartbreaking losses already inflicted on the people of Japan, this story is just beginning.

Additional loses will mount in Japan and the unstable nuclear situation could make it even worse…not just in Japan.

This could be a world wide disaster.

People really need to think about Nuclear energy and how safe- or unsafe- it really is…

Nothing in our world is isolated anymore.

And this is even from Fox News:

As Japan races to avert multiple nuclear meltdowns, one expert warned Sunday that radiation could spread to the U.S.

Joe Cirincione, president of Ploughshares Fund, told Fox News’ Chris Wallace Japan’s nuclear crisis is unprecedented.

“One reactor has had half the core exposed already,” he explained. “This is the one they’re flooding with sea water in a desperate effort to prevent it from a complete meltdown. They lost control of a second reactor next to it, a partial meltdown, and there is actually a third reactor at a related site 20-kilometers away they have also lost control over. We have never had a situation like this before.”

“The worst case scenario is that the fuel rods fuse together, the temperatures get so hot that they melt together in a radioactive molten mass that bursts through the containment mechmisms and is exposed to the outside. So they spew radioactivity in the ground, into the air, into the water. Some of the radioactivity could carry in the atmosphere to the West Coast of the United States.”

“Really?” a surprised Wallace asked. “I mean, thousands of miles across the Pacific?”

“Oh, abosolutely. Chernobyl, which happened about 25 years ago, the radioactivity spread around the entire northern hemisphere. It depends how many of these cores melt down and how successful they are on containing it once this disaster happens,” Cirincione replied.

via Expert: Japan’s radiation could spread to U.S. | The Raw Story.

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Daily Kos: Assault on student voting: Just the latest GOP overreach

I do hope people are paying attention to all this…

This is a great summary of the GOP over reach from DailyKos:

Just like the all-out conservative assault on women and on public employee unions, this new assault on the voting rights of our youth is an example of the type of overreach that will once again doom the GOP to minority status in the years to come. Voters were frustrated with Democrats in 2010 that not enough progress had been made on jobs. They did not vote for the GOP because they truly wanted to see the elimination of the labor movement, access to birth control, and voting rights for college students. The biggest mistake made by conservative politicians is a fundamental belief that their skill in messaging and winning elections truly translates into real support for their actual policy ideas. If they keep going down this road, they will soon find out the truth—the hard way.

via Daily Kos: Assault on student voting: Just the latest GOP overreach.

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Michael Moore: The Smug Wealthy Have Gone Too Far — And We’re Finally Fighting Back | Economy | AlterNet

Michael Moore can be a little over-the-top for me sometimes, but this time he’s pretty much on target….

From Michael Moore via AlterNet:

Contrary to what those in power would like you to believe so that you’ll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

Today just 400 Americans have more wealth than half of all Americans combined.

Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer “bailout” of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can’t bring yourself to call that a financial coup d’état, then you are simply not being honest about what you know in your heart to be true.

And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we’d have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic — and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.

More:   Michael Moore: The Smug Wealthy Have Gone Too Far — And We’re Finally Fighting Back | Economy | AlterNet.

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Dem Senator: Republicans brewing ‘toxic tea’ that will ‘bring shame to our country’ | Raw Replay

All I can say is “Amen”…..

Sen. Frank Lautenberg (D-NJ) on Thursday excoriated Republicans for taking their cues from the tea party movement, which he deemed to be pushing “dangerous” spending cuts that will “create pain for our children” and “shame” America.

“Here in Congress, tea party activists have seized control of the Republican side of the aisle—and it is far from a tea party for lots of jobless people and those qualified to study in college but unable to pay the freight,” Lautenberg said.

“Now that they are in power, we see they’re brewing Toxic Tea—a dangerous concoction that will create pain for our children and bring shame to our country.  We know that cutting critical programs now brings sky-high prices later—in more illnesses and a less-educated society. So we look at the future and we say we must invest in our children, our environment and medical research. But every time, they say: ‘No.’”

The New Jersey Democrat tore into the slew of Republican spending cuts, which include deep cuts to education, medical research, and women’s health services.

via Dem Senator: Republicans brewing ‘toxic tea’ that will ‘bring shame to our country’ | Raw Replay.

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Sanders introduces millionaire surtax to slash deficit | The Raw Story

Okay…81% of Americans favor this, but it doesn’t have a chance in hell of passing in Congress…

So much for representative democracy for anyone except the Rich and the Oil Companies….

WASHINGTON – As Democrats and Republicans battle over how much spending should be cut to bridge the budget shortfall, one senator is focusing on the other side of the equation: revenues.

Sen. Bernie Sanders (I-VT) on Thursday afternoon introduced a bill (pdf) that would establish a surtax on millionaires and strip tax deductions for oil companies — a proposal he claims would cut the deficit by about $50 billion.

The Emergency Deficit Reduction Act would accomplish this by raising taxes by 5.4 percent on annual income over $1 million.

Congress has yet to pass a budget to fund the government for fiscal 2011, approving three continuing resolutions to avoid a shutdown. The latest expires March 18. The Senate rejected the Democratic and Republican proposals Wednesday.

A NBC/Wall Street Journal poll found late February that 81 percent of Americans believe a surtax on millionaires is an acceptable way to close the budget shortfall.

Yet in Congress, the quest is a lonely one. Though leaders of both parties admit the deficit is a pressing problem, none have advanced tax increases to trim the gap. And the outspoken Vermonter isn’t pulling any punches.

Republicans, Sanders fumed, want to balance the budget “solely on the backs of the middle class and some of the most vulnerable people in this country.” Democrats, he added, aren’t “serious” about deficits if they ignore revenues.

via Sanders introduces millionaire surtax to slash deficit | The Raw Story.

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