Daily Archives: August 12, 2010

Reading a WaPo article by Ezra Klein on who we can blame for job losses…

Republicans are blaming Obama for Job Losses, but Klein takes a look at who we really have to blame for them. Like these statistics that Economist Rob Shapiro got out of the Bureau of Labor Statisttics:

From December 2007 to July 2009 – the last year of the Bush second term and the first six months of the Obama presidency, before his policies could affect the economy – private sector employment crashed from 115,574,000 jobs to 107,778,000 jobs. Employment continued to fall, however, for the next six months, reaching a low of 107,107,000 jobs in December of 2009. So, out of 8,467,000 private sector jobs lost in this dismal cycle, 7,796,000 of those jobs or 92 percent were lost on the Republicans’ watch or under the sway of their policies. Some 671,000 additional jobs were lost as the stimulus and other moves by the administration kicked in, but 630,000 jobs then came back in the following six months. The tally, to date: Mr. Obama can be held accountable for the net loss of 41,000 jobs (671,000 – 630,000), while the Republicans should be held responsible for the net losses of 7,796,000 jobs.

Now I realize that Obama is responsible at this point for what happens with the Recovery.

It won’t be Ben Quayle who does it:

Now wasn’t his father the Worst Vice President we ever had?

And just to keep us on top of talking with Tea Baggers…

… we have this animation by Mark Fiore:

Grayson: If I wanted Fox talking points I’d change the channel to Fox, not listen to the White House…

Alan Grayson on Robert Gibbs: He should be fired.

Tax-cut game may take on a pre-election playoff…

David Lightman and Margaret Talev from McClatchy show us where the action might be in September.Here’s a clip”

clipped from www.mcclatchydc.com

‘Game of chicken’ coming in Congress over Bush tax cuts

WASHINGTON — Congressional incumbents, already nervous about increasingly unpredictable November elections, are facing a potentially make-or-break political decision: Whether to vote on extending expiring Bush era tax cuts before the election.

The White House and many congressional leaders want to extend the 2001 and 2003 tax cuts for everyone but the wealthy; they’d let tax rates on the rich rise back to 1990s levels. Republicans, and moderate Democrats, want to extend the tax cuts for the wealthy, and may balk at anything short of that.

Top Democrats want to debate that when Congress returns from its summer recess in mid-September.

“If they (Republicans) want to block a tax cut for 98 percent of the American people in order to preserve a $700 billion tax cut for the wealthiest 2 percent, I’d say ‘Let’s have that fight.’ I can’t believe at the end of the day that they would do that,” said White House senior adviser David Axelrod
A lot of Democrats, including House Speaker Nancy Pelosi, D-Calif., want a vote before the election. Not only could Democrats say they took strong steps to reduce the deficit, but “it would give us a good opportunity to get George Bush into the debate,” said Rep. Raul Grijalva, D-Ariz.

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