Showing posts with label Stimulus. Show all posts
Showing posts with label Stimulus. Show all posts

Wednesday, February 17, 2010

John Boehner Continues to Advance the GOP's Strategy of Opposition

Congressman John Boehner (R-OH) has been a big critic of the stimulus legislation that was signed into law by President Obama last year. He even threw the actual bill on the floor during debate:



After the bill was signed into law, Boehner continued to publicly rail against the legislation, but in June he sent out a release which stated that the money redirected to "shovel-ready projects" by the Obama Administration created much needed jobs for Ohio. Here was the release:

“The stated intent of the so-called stimulus package was to create jobs, and certainly a $57 million slush-fund studying projects did nothing to achieve that goal. With Ohio’s unemployment rate the highest it’s been in 25 years, I’m pleased that federal officials stepped in to order Ohio to use all of its construction dollars for shovel-ready projects that will create much-needed jobs.”

Even though Boehner's statement gives credit to the stimulus for its ability to create jobs, Boehner posted this on his Twitter feed this morning:

Today marks one year since the trillion-dollar “stimulus” was signed into law. Since then, 47 states have lost jobs.

Boehner's post was coupled with the release of his report entitled "Where are the Jobs?" which concludes:

At the beginning of February 2010, the U.S. Department of Labor announced that 20,000 more jobs were lost in the month of January. This report confirmed that the U.S. economy has lost nearly 3.3 million jobs since President Obama signed the trillion-dollar ‗stimulus‘ into law.

The trillion-dollar ‗stimulus‘ was put together so quickly and so secretively that no member of Congress had a chance to read it before it passed, and it shows. Yet, as poorly conceived and badly executed as the trillion-dollar ‗stimulus‘ was, President Obama and Democrats in Congress still think that Washington is the answer to everything. Democrats‘ proposed government takeover of health care is already hurting small businesses by causing additional uncertainty and stifling job creation. The dismal performance of the ‗stimulus‘ demonstrates the dangers of allowing Washington to take more control over our economy.

Americans are asking 'where are the jobs,' but all they are getting from Washington Democrats is more government, more borrowing, and more debt piled on the backs of our kids and grandkids. Our economy will ultimately recover, but it will do so because of the hard work and entrepreneurship of the American people, not wasteful Washington spending. Republicans have proposed better solutions focused on helping small businesses create jobs to get our economy moving again.

Through much of the report Boehner criticizes the Administration for how they count the number of jobs that are created, citing "gross inaccuracies" and examples of "fuzzy math". It is interesting to note that on the same day Boehner decided to release this report, this article appeared in the New York Times. Journalist David Leonhardt writes:
Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.

[...]

In the early months of last year, spending by state and local governments was falling rapidly, as was tax revenue. In the spring, tax revenue continued to drop, yet spending jumped — during the very time when state and local officials were finding out roughly how much stimulus money they would be receiving. This is the money that has kept teachers, police officers, health care workers and firefighters employed.

Not only do you have Leonhardt's piece that highlights the successes of the stimulus legislation, but you have private sector forecasters who are also saying that the stimulus has helped during this recession:

“It was worth doing — it’s made a difference,” said Nigel Gault, chief economist at IHS Global Insight, a financial forecasting and analysis group based in Lexington, Mass.

Mr. Gault added: “I don’t think it’s right to look at it by saying, ‘Well, the economy is still doing extremely badly, therefore the stimulus didn’t work.’ I’m afraid the answer is, yes, we did badly but we would have done even worse without the stimulus.”

In interviews, a broad range of economists said the White House and Congress were right to structure the package as a mix of tax cuts and spending, rather than just tax cuts as Republicans prefer or just spending as many Democrats do. And it is fortuitous, many say, that the money gets doled out over two years — longer for major construction — considering the probable length of the “jobless recovery” under way as wary employers hold off on new hiring.

So while elected Republican officials continue to claim that nothing about this stimulus has worked, it is clear that well-known economic firms as well as private sector forecasters tend to think otherwise. The narrative that Boehner and other Republicans continue to espouse is a narrative of opposition to everything that is supported by the Obama Administration. They continue to rail against the stimulus legislation while accepting funds for their districts that were made possible by the exact same legislation. This proves true once again with Boehner's recent report that slams the stimulus but fails to acknowledge that he supported the money that Ohio received. This is the meme of complete opposition and despite the inherent hypocrisies that result, this meme has become the focused strategy of the Republican Party as we move closer toward the mid-term elections.


This is cross posted here.

Wednesday, February 10, 2010

Pay No Attention to the Republicans Behind that Curtain...

Part of the responsibility of the media has been and should always be to call out those in power when their rhetoric does not align with the truth. This also includes moments when the rhetoric of those in power is hypocritical in its very nature. It is no secret that this is an exception in the so-called "mainstream media" these days, but you have to give credit where credit is due.

It is because of this that Rachel Maddow gets another "thumbs up" for her coverage of how certain members of the Republican Party have railed against President Obama's stimulus plan, while at the same time graciously accepting stimulus money. Watch:

Visit msnbc.com for breaking news, world news, and news about the economy


Hell, the Washington Times even did a piece on this the other day. Maddow makes a point toward the end of her piece that is dead on. The behavior of the Republicans on the issue of the stimulus funds is a prime example that policy is not their focus. Their focus is on opposing anything and everything that the President and that the Democratic leadership endorse. This holds true even for policies that Republicans initially proposed and that they even think are good policies. It matters not when all you are doing is playing politics.

If the Democrats continue to try and reach out to Republicans and if President Obama continues to strive for bipartisan solutions to the problems that face this nation, I think we all know how that will turn out. The Republicans continually show that they are not interested in agreement, cooperation, or honest debate on any of the issues that have come before them. They have (and will continue to) use the filibuster to oppose legislation and will run on this kind of opposition in 2010 and 2012. If the Democrats don't get this by now, then I don't hold out much hope for meaningful legislation to be passed in the near future.

Monday, February 16, 2009

Eric Cantor: The House GOP is "Back in the Saddle"

Do you think that the Republican Party going to try and run on the stimulus bill in the midterm elections?

Maybe this video, put together by House Minority Whip Eric Cantor (R-VA), can give us a hint!




UPDATE:

In case you are wondering why the above video no longer works, it is because Stage Three Music, the publishers of this song, has demanded that Cantor take this down. “Aerosmith did not approve of its use and also wanted to have it taken down.” said a spokesperson for Stage Three.

Thursday, February 12, 2009

Economists Were Absent from the Discussion on the Stimulus Plan

Media Matters for America recently did a study of Sunday talk shows and twelve cable news programs from January 25 to February 8. It is during this time period that there has been much talk in the media about Obama's stimulus plan and battle within Congress to get some form of the bill passed. Interestingly enough, this study found that out of 460 total guests on the programs measured, only 25 guests (or 5%), were economists.

In addition:


Media Matters purposefully used a broad definition of "economist" to be inclusive, coding as an economist any guest who has a master's degree or doctorate in economics or who has served as an economics professor at a university or college, as best as we could determine. (All current members of Congress were coded as non-economists.)

The show with the most economists? Glenn Beck's show on Fox News.

- Glenn Beck had on 7 economists out of 21 guests which discussed the stimulus (33%).
- The Situation Room had on 3 economists out of 73 guest which discussed the stimulus (4%)
- Lou Dobbs Tonight had on 1 economists out of 27 guests which discussed the stimulus (4%)
- Campbell Brown had on 0 economists out of 26 guests which discussed the stimulus (0%)
- Anderson Cooper had on 0 economists out of 31 guests which discussed the stimulus (0%)
- Neil Cavuto had on 2 economists out of 53 guests which discussed the stimulus (4%)
- The O'Reilly Factor had on 1 economist out of 15 guests which discussed the stimulus (7%)
- Hannity had on 0 economists out of 44 guests which discussed the stimulus (0%)
- Chris Matthews had on 1 economist out of 46 guests which discussed the stimulus (2%)
- Keith Olbermann had on 1 economist out of 15 guests which discussed the stimulus (7%)
- Rachel Maddow had on 1 economist out of 11 guests which discussed the stimulus (9%)

and as for the Sunday talk shows:

- This Week had on 3 economists out of 20 guests that discussed the stimulus (15%)
- Face the Nation had on 1 economist out of 7 guests that discussed the stimulus (14%)
- Meet the Press had on 2 economists out of 14 guests that discussed the stimulus (14%)
- Fox News Sunday had on 1 economist out of 20 guests that discussed the stimulus (5%)

You can view a list of all the guests by clicking here.

Is this really in the best interest of a fully informed citizenry? This system assures that certain important questions will not get asked and it limits the discourse on one of the most important topics that has been recently discussed. Is it any surprise that people are confused about the stimulus plan and began to cling to ideas and phrases similar to those expressed by Joe "The Plumber"? We deserve better than this.