Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ProSense

(116,464 posts)
Fri Sep 7, 2012, 09:50 AM Sep 2012

In September 2011, Republicans blocked the American Jobs Act and up to 2 million jobs

The American Jobs Act -- One Year Later

By Steve Benen

On September 8, 2011 -- exactly one year ago tomorrow -- President Obama delivered an important speech to a joint session of Congress. In it, the president unveiled a proposal he called the American Jobs Act.

You may recall the economic circumstances at the time, and how similar they are to 2012 -- though job growth looked strong in the early months of the year, the summer proved disappointing. Obama sought to shift the national conversation away from austerity and towards job creation, and presented a sensible plan, filled with ideas that have traditionally enjoyed bipartisan support.

Independent analysis projected the American Jobs Act, which was fully paid for, could create as many as 2 million jobs in 2012.

<...>

The American electorate was clamoring for action on jobs; the Obama White House crafted a credible plan that would be helping enormously right now; and congressional Republicans reflexively killed the Americans Jobs Act for partisan and ideological reasons.

- more -

http://maddowblog.msnbc.com/_news/2012/09/07/13726783-the-american-jobs-act-one-year-later


They Blocked that!

by jamess

When it comes to the GOP -- they didn't Build that.

Most times They Blocked that ...







- more -

http://www.dailykos.com/story/2012/08/30/1126128/-They-Blocked-that


Bush/Republicans destroyed the economy, now ask "are you better off?"
http://www.democraticunderground.com/10021293963

8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
In September 2011, Republicans blocked the American Jobs Act and up to 2 million jobs (Original Post) ProSense Sep 2012 OP
So true Inuca Sep 2012 #1
Thanks for pointing that out. Sad that the vast majority or people do not know that it was blocked. northoftheborder Sep 2012 #2
Pathetic media in action. n/t ProSense Sep 2012 #3
Kick! n/t ProSense Sep 2012 #4
Another. n/t ProSense Sep 2012 #5
Krugman: The Jobs Program That Wasn’t ProSense Sep 2012 #6
K and R panader0 Sep 2012 #7
Yup! n/t ProSense Sep 2012 #8

ProSense

(116,464 posts)
6. Krugman: The Jobs Program That Wasn’t
Sat Sep 8, 2012, 11:09 AM
Sep 2012
The Jobs Program That Wasn’t

Macroeconomic Advisers on the American Jobs Act, proposed a year ago:

We estimate that the American Jobs Act (AJA), if enacted, would give a significant boost to GDP and employment over the near-term.

-The various tax cuts aimed at raising workers’ after-tax income and encouraging hiring and investing, combined with the spending increases aimed at maintaining state & local employment and funding infrastructure modernization, would:
-Boost the level of GDP by 1.3% by the end of 2012, and by 0.2% by the end of 2013.
-Raise nonfarm establishment employment by 1.3 million by the end of 2012 and 0.8 million by the end of 2013, relative to the baseline

Of course, it that had happened, Obama would be more or less a lock for reelection. Instead, having blocked the president’s economic plans, Republicans can point to weak job growth and claim that the president’s policies have failed.

http://krugman.blogs.nytimes.com/2012/09/08/the-jobs-program-that-wasnt/


Latest Discussions»General Discussion»In September 2011, Republ...