American Jobs Act Will Create Lots of Jobs

Doy. Chief economist at Moody’s Analytics, Mark Zandi writes:

The plan would add 2 percentage points to GDP growth next year, add 1.9 million jobs, and cut the unemployment rate by a percentage point.

Okay, so what are we waiting for? Oh yeah, the Republicans aren’t interested in creating jobs — they only want to make the president look bad. And job creation will make the president look good. So they’re against that.

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  • http://twitter.com/themattmcd Matt McDaniel

    Remember the official Republican campaign platform: Fuck you, poor people.

  • dildenusa

    There is one sad fact in all this that stands out. The clueless brain dead idiots of the tea party republic believe the republican mantra that government stimulus doesn’t create jobs and only the private sector can create jobs.

    What is lost in all this is the fact that it isn’t about jobs and should never be about jobs. It should be about growing the economic pie and making sure that everyone gets their fair share. It doesn’t mean soaking the wealthy and corporate America. It means purposeful and deliberate regulation. Congress is about to lower corporate taxes. Fine. How about some regulation to make sure corporations do the right thing with that windfall. Oh no, Ayn Rand says we can’t do that, we have to depend on moral and enlightened self interest. Oh really? In our society today there is no such thing. There are only lobbyists spewing their corrupt vision of corporate fascism.

    • GrafZeppelin127

      Regulations are an easy target for the same reason abortion and gays are easy targets: Because they will always exist. There will always be regulation, and hence it will always be plausible for anyone to claim there is “too much,” because (1) it can’t really be measured objectively, exactly “how much” regulation there is, and (2) more importantly, there will never be no regulation. Not even Republicans are stupid enough to want to make the business environment in America completely lawless, let alone actually do it. So, they and their followers/supporters/enablers/fans can keep whining about “over-regulation” whenever there’s a Democratic president, even though (1) there’s not a great deal of difference in the amount of regulation that exists during Republican presidencies, and (2) there is still less regulation today than there was in the 1950′s, when American businesses were most successful.

      • dildenusa

        Sure, regulations are an inviting target for the republicans and their army of corporate lobbyists. I’m saying that President Obama needs to press the fact that purposeful and deliberate regulation is necessary for capitalism to function properly.

        I believe that republicans are stupid enough to attempt a completely lawless corporate environment. Look, reverse Robin Hood Ryan takes Ayn Rand seriously, and if one interperts her to the logical extreme, the business environment is lawless with the onus being on the consumer. This is the discredited philosophy of objectivism. http://en.wikipedia.org/wiki/Objectivism_(Ayn_Rand)

        • GrafZeppelin127

          The GOP’s bark is worse than its bite in this regard. If for no other reason, regulations and regulatory bodies are too valuable as tools for lobbyists to gain advantages for the GOP’s corporate benefactors. As long as they can use regulations and agencies to their advantages, they will never go away completely.

        • trgahan

          As a consultant walking between the private sector and government regulators; regulation hinders/costs business when a) business spends more time fighting the regulation than conforming to it, b) the business is ignorant of the regulation and didn’t plan for it.
          So in a Randian sort of logic, companies that can’t handle or work with regulations are inherently unfit and should fail anyway. Regulation does not kill jobs. Only market demand does that. Hell, we made liquor illegal and it was a boon of job creation for the poor inner city males!

    • http://twitter.com/groobiecat Groobiecat

      To go a step further, the underlying assumption of the right these days is that there is no role for the government in the American economy, period. This is such incredible nonsense that’s it’s hard to believe that no one has really addressed it as such. Since when *wasn’t* the US (or any modern industrialized society’s) government intimately intertwined with the economy? Well, in the US, pretty much since our inception, no?

      Free market capitalism simply doesn’t function on its own, as the, well, near collapse of the US economy in 2008 underscored. Regulation is clearly required in the capital markets.

      One more point: It’s ironic, of course, that left to its own devices, corporations–the oracles of all that is good and holy in a free society–”ship their jobs overseas” because that’s the mission: maximize shareholder value. Of course, this is completely counter to creating jobs “here at home” republican meme that has zero substance because it’s all contradictory nonsense.

  • muselet

    From Politico:

    “Obama is on the ropes; why do we appear ready to hand him a win?” said one senior House Republican aide who requested anonymity to discuss the matter freely. “I just don’t want to co-own the economy by having to tout that we passed a jobs bill that won’t work or at least won’t do enough.”

    Wanker.

    –alopecia

    • D_C_Wilson

      Saw that too. Amazing. Why don’t they just hand out 310 million cyanide tablets? It would be quicker.

      • muselet

        And, of course, we have House Majority Leader Eric Cantor weighing in:

        “Anything that is akin to the stimulus bill I think is not going to be acceptable to the American people,” Cantor told reporters at his weekly Capitol briefing Monday. “I don’t believe that our members are going to be interested in pursuing that. I certainly am not.”

        No, the Rs wouldn’t vote to hand out cyanide capsules because that would be eeevul gummint spending. They might approve a measure encouraging private citizens purchase cyanide, but only if the Ds oppose it strongly enough and if the Rs think it would hurt President Obama’s reelection chances.

        Wankers.

        –alopecia

    • http://twitter.com/groobiecat Groobiecat

      He apparently doesn’t read the polls: if Obama’s on the ropes, the House republicans have been bounced out into the crowd and are being beaten mercilessly with folding chairs by large sweaty men…

  • mikecz

    http://www.businessinsider.com/pentagon-confirms-presence-of-us-troops-on-ground-in-libya-2011-9

    Not to change the subject, but, hahaha… only 4, but there are more to come.

    He is a liar, get over it.

    • D_C_Wilson

      “Pentagon spokesman Capt. John Kirby told the news network that four unidentified service members are on the ground and working under the State Department to assist in the rebuilding of the American embassy there.”

      Wow. Four service members helping to rebuild the embassy. Impeach! Impeach!

  • Robert Scalzi

    If Pres Obama could walk on water they would say he couldn’t swim.

    If he told them the sky was blue they would convene a committee to look into the matter before passing legislation to reclassify blue as red because Gawd told them the sky is truly red. And the troglodytes would shout it from the rooftops.

    If he were leading them up a mountain (which he is) and told them you have to go this way or you will fall off the cliff, they would take the path to the cliff and leap and the lemmings would follow them right off (and they are)

    WTF.

    • D_C_Wilson

      And if he cured cancer, they’d accuse of him killing jobs for oncologists.

    • Treading_Water

      If Michelle Obama came out and endorsed dental hygiene, Teapublicans would quit brushing their tooth in protest.

      • Robert Scalzi

        Tooth !! Love it : )

  • Brutlyhonest

    Mark Zandi, and everyone else at Mooody’s, is obviously in the tank for President Obama. Damned partisan hacks.

  • http://twitter.com/groobiecat Groobiecat

    “Okay, so what are we waiting for? Oh yeah, the Republicans aren’t interested in creating jobs — they only want to make the president look bad. And job creation will make the president look good. So they’re against that.”

    That’s the crux. You nailed. All anyone needs to know to understand the “throw-the-bums-out” gridlock. The orthodoxy clearly dictates:

    “And lo, he and she shall neither cavort with the unholy other, neither shall they conspire to improve the common weal, nor lay with the donkey heathens. Only shall they smite and dispute the evil dark one, and yay, these and only these actions will be considered holy and good.”

    Or words to that effect. Basically, if it helps the economy, it helps Obama, and the *sole* purpose of the right is to get rid of that guy, so kill, kill, kill any and every initiative. Obama knows this now. Before the debt crisis? Not so much…