PDA

View Full Version : Repubs Party Of Unemployment



Gayle in MD
07-06-2010, 11:44 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Dean Baker
Co-Director of the Center for Economic and Policy Research

Posted: July 6, 2010 09:01 AM
<span style='font-size: 26pt'>
From now until Nov. 2, the Republican Party will be the party of unemployment. The logic is straightforward: The more people who are unemployed on Election Day, the better the prospects for Republicans in the fall election. They expect, with good cause, that voters will hold the Democrats responsible for the state of the economy. Therefore anything that the Republicans can do to make the economy worse between now and then will help their election prospects.</span>While it might be bad taste to accuse a major national political party of deliberately wanting to throw people out of jobs, there is no other plausible explanation for the Republicans' behavior. The Republicans have balked at supporting nearly every bill that had any serious hope of creating or keeping jobs, most recently filibustering on bills that provided aid to state and local governments and extending unemployment benefits. The result of the Republicans' actions, unless they are reversed quickly, is that hundreds of thousands more workers will be thrown out of work by Election Day.

The story is straightforward. Nearly every state and local government across the country is looking at large budget shortfalls for their 2011 fiscal years, most of which begin July 1, 2010. Since they are generally required by state constitutions or local charters to balance their budgets, they will have no choice except to raise taxes and/or make large cutbacks and layoff workers to bring spending and revenue into line.

State and local governments have cut their workforce by an average of 65,000 a month over the last three months. Without substantial aid from the federal government, this pace is likely to accelerate. The Republican agenda, in blocking aid to the states, may add another 300,000 people to the unemployment roles by early November.

The blockage of extended unemployment benefits promises similar dividends. Unemployment benefits are not just about providing income support to those who are out of work, they also provide a boost to the economy. Since unemployed workers generally have little other than their benefits to support themselves, this is money that will almost immediately be spent. The benefits paid to workers are income to food stores and other retail outlets.

Unemployment insurance provides the sort of boost to demand that the economy desperately needs. That is why neutral parties like the Congressional Budget Office or economist Mark Zandi, a top adviser to John McCain's presidential bid, always list unemployment benefits as one of the best forms of stimulus.

Republicans give two reasons for opposing benefits. First, they claim that benefits discourage people from working. Second, they object that the Democrats' proposal will add to the national debt.

On the first point, there is a considerable amount of economic research. Most indicate that, in periods when the economy is operating near its capacity, more generous benefits may modestly increase the unemployment rate. However, they are less likely to have that effect now. The reason is simple: The economy does not have enough jobs. The latest data from the Labor Department show that there are five unemployed workers for every job opening.

In this context, unemployment benefits may give some workers the option to remain unemployed longer to find a job that better fits their skills, but they are unlikely to affect the total number of unemployed. In other words, a $300 weekly unemployment check may allow an experienced teacher the luxury of looking for another teaching job rather than being forced to grab a job at Wal-Mart.

However, if the teacher took the job at Wal-Mart, then this would simply displace a recent high school grad who has no other job opportunities. That might be a great turn of events in Republican-econ land, but it does not reduce the overall unemployment rate, nor does it benefit the overall economy in any obvious way.

<span style='font-size: 26pt'>The other argument the Republicans give is that these bills would add to the national debt. For example, the latest extension of unemployment benefits would have added $22 billion to the debt by the end of 2011. This means that the debt would be $9,807,000,000 instead of $9,785,000,000 at the end of fiscal 2011, an increase of the debt to GDP ratio from 65.3 percent to 65.4 percent. </span>
<span style='font-size: 26pt'>
It is possible that congressional Republicans, who were willing to vote for hundreds of billions of dollars of war expenditures without paying for them, or trillions of dollars of tax cuts without paying for them, are actually concerned about this sort of increase in the national debt. It is possible that this is true, but not very plausible. </span><span style='font-size: 26pt'>
The more likely explanation is that the Republicans want to block anything that can boost the economy and create jobs. Throwing people out of work may not be pretty, but politics was never pretty, and it is getting less so by the day.</span>From the Guardian.




</div></div>

eg8r
07-06-2010, 12:38 PM
Well then chalk the Reps up as great "learners". The Dems have perfected these tactics for decades.

eg8r

pooltchr
07-06-2010, 01:15 PM
It seems to me that with the numbers the Dems have in congress, along with the white house, that if they wanted to do something about unemployment, they would do it. There weren't enough Reps to stop healthcare, there weren't enough to stop them from "deeming" the faux budget to be passed, so what's the problem? The Dems just need to do something to boost the private sector jobs, rather than growing the government and putting more people on the government payroll.

They gave themselves nearly a trillion dollars to spend last year, so why not put that money to work?

The fact is, they have already spent nearly 2 trillion in the last year and a half. And now, Obama says that next year, he is going to make the Reps make the "tough decisions" to get debt and spending under control. Next year (after the elections).

If he knows there is a problem, why wait until next year? Why isn't he doing something right now? Could it be he is using the economy and unemployment for politics??????????? Remember...never let a good crisis go to waste!

These people are the lowest lifeform on the planet! And so are their supporters!

Steve

LWW
07-06-2010, 03:03 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">It seems to me that with the numbers the Dems have in congress, along with the white house, that if they wanted to do something about unemployment, they would do it.

Steve </div></div>

They are doing it.

They are allowing benefits to expire which drops them off of the role of "UNEMPLOYED" which allows them to claim the UE rate dropped or held steady even though the economy is still bleeding jibs.

They are also pandering to the Obamatrons that since the demokooks refuse to abide by their own rules of "PAYGO" and refuse to dip into the stimulus slush fund ... it must be the republichickens fault.

Nothing new here ... merely the results of another spoon fed "TRUTH" is what you are watching go down.

LWW

LWW
12-04-2010, 05:03 PM
Here we have Gee condemning the R's because the D's policy increased the UE rate.

Today we have Gee parroting the D's stupidonomics hypothesis that high UE drives the economy.

LWW