12 million jobs — but not until when?

October 16, 2012

Oy.

It’s extraordinary to consider with just three weeks until Election Day, but Mitt Romney’s central argument to voters has been exposed as a total fraud.

Greg Sargent added, “Let’s recap what Kessler has discovered here. The plan that is central to Romney’s candidacy on the most important issue of this election — jobs — is a complete sham. This is every bit as bad — or worse — than Romney’s claim to have created 100,000 jobs at Bain, or his vow to cut spending by eliminating whole agencies without saying which ones, or his refusal to say how he’ll pay for his tax cuts.”

Obama’s budget NOW creates 12 million jobs in the next four years, according to projections.  Romney?  He stretches it out to ten years, but reduces the job creation, so it’s 2.5 times as long to get the same number of jobs.  Say what?  Romney’s plan reduces the number of jobs created by cutting the rate at which they are created.

Read more at Rachel Maddow’s blog, with links to the actual studies.  Maddow links to Greg Sargent’s blog, The Plum Line, at The Washington Post. 12 million jobs, Mitt Romney, economy, Bain Capital

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What if Mitt Romney were Latino? Or gay? Or a woman?

October 15, 2012

Would things really be easier for him in the election?

Here’s Rosie Perez, thinking through the possibilities. From Actually.org.

Mitt thinks he’d have a better chance of become president if he was Latino. In the first video of the Actually… series Rosie Perez explains why it will take more than being Latino for Mitt to win the election.

When lies go unchecked, we all lose. Actually.org spreads the truth, because the truth matters—even in politics. Our team calls ’em like they see ’em, and we hope you’ll support the truth by sharing Actually.org videos before Election Day.

Actually… is a partnership between American Bridge and JCER. Schlep Labs is a project of JCER. Actually… was produced by Amy Rubin at Barnacle Studios
http://blog.barnacle.is

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Veterans speak out: We’re not just laundry

October 6, 2012

From the Truman National Security Project, a video featuring testimony from veterans of Iraq and Afghanistan especially, questioning whether Mitt Romney has what it takes to be Commander-in-Chief of the U.S. armed forces:

This is rather the opposite of  “swift boating,” isn’t it?  An established organization active on national security issues, with a distinguished staff and board of directors, working on a shoe-string, with identified spokesmen.

The Truman Project’s blog lays out the case for President Obama’s election with respect to his initiatives on behalf of veterans.  As much as I would prefer to see those positive achievements emphasized, campaigns don’t really allow much time for careful, thoughtful explanation.

Will there be any effect from this advertisement?  What do you think?

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More magic than a cape and red underpants needed to fix economy; but that’s all GOP offers

October 4, 2012

Despite the few details he leaked in the Denver debate — which contradict almost everything he and his campaign had said earlier, not to mention the GOP platform — Mitt Romney offers not much in the realm of a program to do better than President Obama in economics, in pulling the nation out of our economic doldrums.  Nobel-winning economist Paul Krugman explains:

Winner of the Nobel Memorial Prize in Economics, Paul Krugman - Tavis Smiley Productions image

Winner of the Nobel Memorial Prize in Economics, Paul Krugman – Tavis Smiley Productions image

As many people have noticed, Mr. Romney’s five-point “economic plan” is very nearly substance-free. It vaguely suggests that he will pursue the same goals Republicans always pursue — weaker environmental protection, lower taxes on the wealthy. But it offers neither specifics nor any indication why returning to George W. Bush’s policies would cure a slump that began on Mr. Bush’s watch.

In his Boca Raton meeting with donors, however, Mr. Romney revealed his real plan, which is to rely on magic. “My own view is,” he declared, “if we win on November 6, there will be a great deal of optimism about the future of this country. We’ll see capital come back, and we’ll see — without actually doing anything — we’ll actually get a boost in the economy.”

Are you feeling reassured?

In fairness to Mr. Romney, his assertion that electing him would spontaneously spark an economic boom is consistent with his party’s current economic dogma. Republican leaders have long insisted that the main thing holding the economy back is the “uncertainty” created by President Obama’s statements — roughly speaking, that businesspeople aren’t investing because Mr. Obama has hurt their feelings. If you believe that, it makes sense to argue that changing presidents would, all by itself, cause an economic revival.

There is, however, no evidence supporting this dogma. Our protracted economic weakness isn’t a mystery; it’s what normally happens after a major financial crisis. Furthermore, business investment has actually recovered fairly strongly since the official recession ended. What’s holding us back is mainly the continued weakness of housing combined with a vast overhang of household debt, the legacy of the Bush-era housing bubble.

By the way, in saying that our prolonged slump was predictable, I’m not saying that it was necessary. We could and should have greatly reduced the pain by combining aggressive fiscal and monetary policies with effective relief for highly indebted homeowners; the fact that we didn’t reflects a combination of timidity on the part of both the Obama administration and the Federal Reserve, and scorched-earth opposition on the part of the G.O.P.

But Mr. Romney, as I said, isn’t offering anything substantive to fight the slump, just a reprise of the usual slogans. And he has denounced the Fed’s belated effort to step up to the plate.

Read more at the New York Times.

Why do I disbelieve?

  1. For more than a year Romney’s been pushing tax cuts as a solution to everything.  It’s rather late to back out of that now.
  2. Tax cuts can’t stimulate the economy — we tried them for 8 solid years, and they crashed the economy.  One can make a great case that the Obama economy is not soaring because he agreed to extend the tax cuts, in return for getting about half of the stimulus we needed.  At some point, people hurting in this economy will realize that they can’t benefit from a tax cut if they aren’t paying huge taxes, and they aren’t paying huge taxes if they are unemployed.
  3. Tax cuts cannot be revenue neutral.  They hurt deficits.  For months Romney’s been talking about defense spending and tax cuts that add between $5 trillion to $7 trillion in to the deficit.  If he wishes to argue that deficits hurt, he’s in trouble.  If Obama argues that deficits should be used to help people, Romney will be unable to make the math work on his plan if he tries to reply.
  4. Economic theory isn’t with Romney.  Can he make that big of a snow job on voters?  Even if he does, the economy won’t take it.

Now’s a good time to beef up on the high school economics most of us took, or the college class we took.  Can you see any way to make an austere, Spain-style economy work in the U.S. without putting us into a death spiral?

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In Virginia’s 7th Congressional District, Wayne Powell

October 2, 2012

Our best bet to get the economy growing at a fast enough pace to create jobs for the unemployed, and create jobs for new graduates from high school and college, is to get a Congress that will vote for employment bills instead of making legislative gridlock.

Virginia's 7th Congressional District, 2012 - from US Atlas

Virginia’s 7th Congressional District, 2012 – from US Atlas

In Virginia, in the 7th Congressional District, Wayne Powell runs to replace GOP Majority Leader Eric Cantor. You might remember Cantor as the guy who said he would not support disaster relief for Virginia’s 7th after the 2011 earthquake.  Powell is a retired Army Colonel  and Richmond attorney.

On almost every issue, Powell runs circles around  Cantor.  In debates, for example, Powell challenges Cantor to explain his votes to extend perks to Congressmen, while shorting the pay of active duty military and veterans — to no avail, Cantor won’t explain.  What could he say?

Especially, what could Cantor say to a decorated veteran like Powell?

Powell can use your help, and contributions.  Check him out at his campaign website, PowellforVA.com.

No, this isn’t the Welsh former soccer player Wayne Powell.  The Welsh Powell would probably represent Virginia better than Cantor, too, but he’s still managing Leamington FC, last I heard.

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Coda:  Yeah, Powell’s probably more conservative than most Democrats; he’ll still be better than Cantor, for Virginia, and for the nation.


If President Obama could visit your kitchen table . . .

September 29, 2012

From the Obama campaign:

During the last weeks of this campaign there will be debates, speeches and more ads. But if I could sit down with you in your living room or around the kitchen table here’s what I’d say:

When I took office we were losing nearly 800,000 jobs a month and were mired in Iraq. Today I believe that as a nation we are moving forward again. But we have much more to do to get folks back to work and make the middle class secure again.

Now, Governor Romney believes that with that even bigger tax cuts for the wealthy and fewer regulations on Wall Street all of us will prosper. In other words he’d double down on the same trickle down policies that led to the crisis in the first place. So what’s my plan?

First, we create a million new manufacturing jobs and help businesses double their exports. Give tax breaks to companies that invest in America, not that ship jobs overseas.

Second, we cut our oil imports in half and produce more American-made energy, oil, clean-coal, natural gas, and new resources like wind, solar and bio-fuels—all while doubling the fuel efficiencies of cars and trucks.

Third, we insure that we maintain the best workforce in the world by preparing 100,000 additional math and science teachers. Training 2 million Americans with the job skills they need at our community colleges. Cutting the growth of tuition in half and expanding student aid so more Americans can afford it.

Fourth, a balanced plan to reduce our deficit by four trillion dollars over the next decade on top of the trillion in spending we’ve already cut, I’d ask the wealthy to pay a little more. And as we end the war in Afghanistan let’s apply half the savings to pay down our debt and use the rest for some nation building right here at home.

It’s time for a new economic patriotism. Rooted in the belief that growing our economy begins with a strong, thriving middle class. Read my plan. Compare it to Governor Romney’s and decide for yourself. Thanks for listening.

Read the President’s plan: http://OFA.BO/SAzDgd


More GOP election fraud

September 27, 2012

Palm Beach, Fla., elections supervisor received 108 potentially fraudulent voter reg forms from firm w ties to RNC nbcnews.to/QXMDdr

Of course, voter ID laws won’t touch this stuff, so the GOP tries to run with it until they get caught.

Romney Ryan GODV Plan - Get Out! Don't Vote!

Romney Ryan GODV Plan – Get Out! Don’t Vote! (Photo credit: DonkeyHotey)

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