Not Cheering – Not Zero

A new report released by the non-partisan Congressional Budget Office (CBO) estimates that the stimulus bill that went into effect in February 2009 has created between 1 million and 2.9 million jobs. While this falls short (even at 2.9 million) of where job creation needs to be it also invalidates the right-wing narrative that the stimulus didn’t work. Just this past week Sean Hannity falsely stated we are losing 400,000 jobs a month.

• • •

Obama Or The Market?

If you turn on the news it isn’t long before you will hear the standard Republican talking point that President Obama has not shown leadership in creating jobs and improving the economy. Wait a second, I thought it was ‘the market’ that created jobs? If Republicans and conservative Democrats resist the government initiatives — repairing our existing infrastructure and building new infrastructure to benefit this nation in the future — required to get the economy going then they share at least some, if not a majority, of the blame for the state of the economy right now. If ‘the market’ is our best hope then what leadership is Obama supposed to be showing? At a time when government should be spending money on projects that will be a catalyst for economic growth and that will benefit us for decades to come instead deficit hawks have won the messaging war. We may look back at this time in the future and wonder how we could have been so foolish.

• • •
1 6 7 8