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SunsetDreams

(8,571 posts)
6. This doesn't help: Republicans Have Blocked The American Jobs Act For One Year
Sat Sep 8, 2012, 11:46 AM
Sep 2012
On September 8, 2011 — one year ago tomorrow — President Obama laid out a series of policy proposals known collectively as the American Jobs Act. 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.

The American Jobs Act never became law, however, because Republicans opposed it from the start, blasting it as another form of “failed stimulus” that wouldn’t help the economy. (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.) One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed:

–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.


http://thinkprogress.org/economy/2012/09/07/812251/republicans-blocked-jobs-act-one-year/

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The unemployment rate among college grads is somewhere around 5% Cary Sep 2012 #1
This message was self-deleted by its author AnotherMcIntosh Sep 2012 #4
What we need is to get ourselves out of this liquidity trap Cary Sep 2012 #11
This message was self-deleted by its author AnotherMcIntosh Sep 2012 #13
I hear you but I don't think protectionism is as good as it sounds Cary Sep 2012 #16
This message was self-deleted by its author AnotherMcIntosh Sep 2012 #18
Inevitable. Cary Sep 2012 #20
Excellent analysis Freddie Sep 2012 #2
The Employment-Population Ratio is another measure of economic recovery. It was 63.7 (unadj) or jody Sep 2012 #3
Usually if there are unfilled jobs that don't require specific experience or education Nikia Sep 2012 #5
O is a big factor, especially since so many new jobs are McJobs. Employers assume gkhouston Sep 2012 #7
This doesn't help: Republicans Have Blocked The American Jobs Act For One Year SunsetDreams Sep 2012 #6
The problem of unemployment can't be fixed until the sea-change KG Sep 2012 #8
If fixed costs do not prohibit, production seeks lower labor cost whether textile jobs to overseas jody Sep 2012 #9
+1 moondust Sep 2012 #10
The unemployment problem is much simpler than that, MadHound Sep 2012 #12
You're forgetting something, NashvilleLefty Sep 2012 #14
"stopped offering training"! Then why is govt wasting billions training the work force for specific jody Sep 2012 #15
Maybe the government is doing that because many companies won't do it themselves jp11 Sep 2012 #17
I'd disagree that the real job market is even this simple to look at jp11 Sep 2012 #19
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