June 25, 2014

Tax Cuts For Job Creation? Do You Know How Compound Interest Works?

Never mind that it is consumers who create the demand for products and services that in turn generates the need for additional jobs to meet that demand. Yes, people need to start the companies that build the products, but let’s get one thing straight here, nobody would start a company if they thought there was no demand for a product. And nobody would start a company if they thought the general public had no purchasing power to buy their product. So jobs will always be a function of demand, not supply.

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January 7, 2014

Inexplicable Republican Opposition To Extending Unemployment Benefits

Okay, I did say it’s inexplicable, but let me take a stab at it anyway. Republicans are opposed to extending unemployment insurance because it does not solve the problem of joblessness. Fair enough, I can agree unemployment benefits do not lead directly to job creation, but that itself is not a reason to deny people those benefits. It’s not like jobs aren’t being created because unemployment insurance is a thing.

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October 5, 2012

Unemployment Rate Falls To 7.8 Percent, Ending Another Republican Talking Point

There goes one more Republican talking point against President Obama. Just as Mitt Romney and Republicans can no longer say there are fewer jobs now compared to when Obama took office, they also cannot say the unemployment rate has been above 8% for (x) months. That’s because today the Labor Department released September’s job numbers and the unemployment rate fell to 7.8% from 8.1% in August. It’s the lowest unemployment rate in 44 months, equaling the unemployment rate when President Obama took office. Note that the unemployment rate peaked at 10% later in 2009, so the economy has shown steady improvement for three years.

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August 7, 2012

The Facts: Obama vs. Bush On Job Creation

First let’s get this out-of-the-way. Presidents are not job creators. They don’t wave a wand and poof, magically there are millions of new jobs. Presidents can set the tone for policy and they can have a major influence on congressional legislation that can lead to favorable economic conditions for job growth. But this is clearly a much more muddy process than we like to believe when we talk presidents and job creation.

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