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Posts Tagged ‘American Recovery and Reinvestment Act’

It’s always been about the jobs, stupid.

August 1, 2011 Leave a comment

Eugene Robinson whines about the lack of cool slogan for progressives:

In the midst of a profound economic slump, with unemployment at crisis levels, we’ve just had a long and bitter budget debate that wasn’t about how government might try to create jobs. It was about budget cuts that will eliminate jobs.

And what is the progressive response? Basically, all of the above — which doesn’t fit on a bumper sticker. Democrats have utterly failed to develop and communicate a Big Idea of their own.

Obama talks about “winning the future,” but that’s too nebulous. I’d suggest something pithier: jobs, jobs, jobs.

People may dislike paying taxes, but they dislike unemployment more. Progressives should talk about bringing the nation back to full employment and healthy growth — and how this requires an adequately funded government to play a major role.

The emphasis was mine, as Robinson’s comments are clueless.  Democrats had the better part of three years with control of the White House and majorities in Congress, plus trillions in new debt, and stimulus money.  Surely this was and “adequately funded” government at work, no?

Jim Geraghty smacks Robinson around:

Really? Seriously? The president with a stagnant economy, unemployment that never dipped below 8.8 percent since April 2009, and with the rate inching up again is going to run on jobs, jobs, jobs?

Of course Obama inherited a troubled economy with an unemployment rate rising fast. The problem is that he was given a heavily Democratic Congress, and he gave us the very best he could do with the stimulus, which hasn’t even come close to bringing it down. In fact, Obama’s A-team of economic advisers didn’t clearly understand the recession, and vastly overestimated how much good their preferred stimulus plan would do […]
What’s the slogan after “Jobs, Jobs, Jobs”? “I swear, I’ll do better next term! This has never happened to me before!”
I think we’ve had enough with empty slogans, styrofoam Greek columns and long-winded speeches, and other such nonsense.

Retail analyst: “Obama depression continues to explode”

July 11, 2011 Leave a comment

Even the dollar stores aren’t immune to the failures of Keynesianism on steroids, porkulus, Obamanomics and Decmocratic economic stewardship:

While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of Wall Street’s expectations for several months, a trend that may prove even more ominous for the economy at large.

“I think what’s going on in those stores is that we are in a depression for 80 percent of Americans,” top retail analyst Howard Davidowitz told KNX 1070.

America’s three largest discount chains — Dollar General Corp., Family Dollar Stores Inc. and Dollar Tree Inc. —  all recently missed their quarterly earnings targets.

Davidowitz pointed to the weakness of the dollar and a gloomy consumer outlook as some of the factors behind the stores’ slump.
“In other words, the economy is continuing to be worse, the Obama depression continues to explode,” he added.

Here’s hoping Peggy Joseph was able to get her mortgage and gas money before the cash runs out.

About that stimulus package…

November 1, 2010 Leave a comment

Sure, I’m beating a dead horse here when it comes to railing on the failed $800 billion stimulus bill, but stories like this one just accentuates the folly of the whole episode:

The upcoming election was far from cabinetmaker Kevin Rodriguez’ mind as he and his 5-year-old son watched a Halloween parade last week in a downtown plaza of this East Bay community.

Over the last two years as the nation slid into recession, the 46-year-old independent voter lost his business and was forced to sell his house. He has scraped together a living from side jobs, savings and unemployment benefits, which are about to run out. He even contemplated the once-unthinkable: applying for food stamps.

President Obama had been in the state a few days earlier, campaigning for Democratic Sen. Barbara Boxer and making the case that the administration’s economic stimulus program, its tax cuts for the middle class and small-business initiatives were turning the tide and putting people back to work.

But so far, Rodriguez hasn’t seen much progress. The stimulus program didn’t put enough money in people’s pockets to revive demand for the remodeled kitchens and home improvements that fueled his business for 19 years. And he didn’t think much of the tax breaks: “When you’re talking about $8 to $10 a week, what is that going to buy you — a couple of gallons of gas maybe?”

The stimulus has been the major dividing line between the U.S. Senate candidates. But nothing offered by either side in this election — not Boxer’s cheery optimism about “jobs, jobs, jobs” nor her challenger Carly Fiorina’s dark pronouncements that the stimulus program has failed and change is needed — has left him with any desire to vote on Tuesday.

“Yeah, my vote counts and it’s important to me, but it’s just so frustrating. Everything is so frustrating when everything was so good just back in ’06,” Rodriguez said as he and his son watched the procession of princesses and superheroes from the front cab of their truck. “I went from doing real well to nothing — lost my home, lost my cars, just everything.”

“I don’t see too many things changing,” he said.

Mr. Rodriguez implies that what happened after 2006 seemed to pull the plug on his business and the economy.  I’m jogging my memory, but what happened after 2006 that would have caused such a problem?

In the weeks leading up to tomorrow’s election, the Democrats have tried to rescue their sinking political fortunes by citing the alleged “successes” of the stimulus bill and its miniscule “tax-cuts”.  See, it’s the American people who are too ignorant to see the heroic benevolence of Democrats and their leader in the White House, you dumb rubes.

The tax cut, which amounted to approximately an extra $13 for each paycheck, like Mr. Rodriguez noted, amounted to nothing.  In most parts of the  country, you’d be lucky to fill half a gas tank with that windfall.

But the Democrats pressed on, the liberal blogosphere insisted, that it was a huge step in the right direction, and we were just too ungrateful to realize it.  That, and the “shovel-ready” jobs that the stimulus supposedly helped, jobs which the President admitted never existed to begin with.

Got that?

The Who’s Your Daddy stimulus plan

March 6, 2010 Leave a comment

In trying to help the struggling town of Moraine, Ohio, the Obama administration doesn’t bring incentives for job growth.  Instead it sends a political emissary reminding them simply: “Who’s your daddy?”

In the weeks between Barack Obama’s election and his inauguration, General Motors closed the last big factory in Moraine, a four-million-square-foot plant that churned out S.U.V.’s.

The president never sought to reopen the factory, even after the federal government became controlling shareholder in G.M. during the auto bailout. What he has done instead is try to ease some of the pain by sending an ambassador as a salve for the community’s wounds.

The ambassador, Edward B. Montgomery, executive director of the White House Council on Automotive Communities and Workers, has made 23 trips so far to troubled cities like Moraine. In lightning forays, he flies out of Washington in the morning, offers hope and aid, and returns to the capital in the evening. He concedes that he is not bringing jobs, but acting as a facilitator to help pummeled communities gain access to various government funds.

During that visit, he told a gathering of local and state officials, “there may be some nontraditional, untapped sources of federal funds that we can help you tap.” He travels with an entourage of a dozen top officers from federal agencies, each with money to offer and an explanation of how to tap the funds.

“We are a means of coordinating across the agencies,” Mr. Montgomery explained, “and improving access to funding.”

On his travels he has helped to channel millions of dollars from the stimulus package and other government pools. He does not know, he says, just how many millions. At many of the stops, particularly in Ohio, which went for George W. Bush in 2004 and just barely for Obama in the last presidential election, there is an implicit political message in this largess.

It goes something like this: Stick with the president and the Democratic Party, and while we cannot bring back mass production with its large-scale employment, we can help you in the transition to other sources of income and jobs.

The stimulus package has failed to generate jobs to most areas of the country, let alone those hardest hit like towns that are dependent on an American manufacturing sector that is fading fast. 

The administration is not providing the economic incentives required to revitalize the economy, namely across the board tax cuts for business.

Instead, they’re sending political bureaucrats whose only expertise is wading through the red tape necessary to tap Federal funds.  Funds which apparently, are being used to bribe for Democratic votes.