Obama Vs. Republican Jobs Plan
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President Barack Obama challenged Congress to put the good of the nation over political benefit and pass a huge jobs plan he proposed tonight.
(via lauramzx)
Dear Mr. Speaker: (Dear Mr. Leader:),
Our Nation faces unprecedented economic challenges, and millions of hardworking Americans continue to look for jobs. As I have traveled across our country this summer and spoken with our fellow Americans, I have heard a consistent message: Washington needs to put aside politics and start making decisions based on what is best for our country and not what is best for each of our parties in order to grow the economy and create jobs. We must answer this call.
Therefore, I respectfully request the opportunity to address a Joint Session of Congress on September 7, 2011, at 8:00 p.m. It is my intention to lay out a series of bipartisan proposals that the Congress can take immediately to continue to rebuild the American economy by strengthening small businesses, helping Americans get back to work, and putting more money in the paychecks of the Middle Class and working Americans, while still reducing our deficit and getting our fiscal house in order. It is our responsibility to find bipartisan solutions to help grow our economy, and if we are willing to put country before party, I am confident we can do just that.
Republican governors have touted spending cuts as both fiscally responsible, and economically prudent. But a new analysis casts doubt on that narrative. In recent months, Gov. Scott Walker (R-Wis.) andGov. John Kasich (R-Ohio) both claimed their budgets, heavy on the spending cuts, would pave the way for job growth in their states, as Think Progress notes. Yet according to research performed by Think Progress, it seems states that cut the most funding lost the most jobs. And according to the site, in fact, the country is split pretty evenly between the 24 states that cut spending between 2007 and 2010, and the 25 that expanded government outlays. On average, states that increased spending performed significantly better than cost-cutting states, with their unemployment rates actually dropping by 0.2 percent (as opposed to 1 percent increase in cost-cutting states), private-sector employment increasing by 1.4 percent (as opposed to a 2.1 percent loss) and 0.5 percent “real economic growth” since the start of the recession (as compared to a 2.9 percent economic contraction relative to the national economic trend). Says Think Progress: The analysis comes as Congressional Republicans have demanded trillion dollar budget cuts as the price for their votes to raise the debt ceiling. Republicans have also balked at the notion of raising taxes as part of any debt ceiling agreement.This graph shows that state spending is not just about jobs for public service workers, but also has far reaching consequences for private businesses and their workers… States that cut spending are seeing significantly more job losses in the private sector than states maintaining or increasing spending levels. For every 10 percent cut in state spending, state economies lost 1.6 percent of their private-sector jobs.