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boston bean Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 05:34 PM
Original message
All those concerned about JOBS and not so much about HCR and Womens Rights Hold onto your Hat!
Edited on Fri Nov-13-09 05:34 PM by boston bean
http://openleft.com/diary/16026/as-obama-administration-focuses-on-deficits-instead-of-jobs-democratic-majority-circles-the-drain

Unfortunately, it looks like the Obama administration has had enough of dealing with a Democratic-controlled House of Representatives. In 2010, the administration is looking to institute a job-slashing freeze--or even a significant reduction--of government spending. The plan is already in the works, as every government agency has been ordered to prepare for either a spending freeze, or for 5% spending cuts:


The Obama administration has alerted domestic agencies to plan for a freeze or even a 5 percent cut in their budgets, part of an election-year push to rein in record deficits that threaten the economy and Democrats' political prospects next fall.
How is freezing, or cutting, federal spending going to create jobs in 2010? The answer is that it won't. Such a move is more likely to cost a lot of jobs. The Obama administration is also looking to use the remaining $210 billion in Wall Street bailout money to pay down the deficit, rather than to finance a new jobs bill. The bottom line is that they are focusing on deficit reduction, not on creating new jobs.


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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 05:54 PM
Response to Original message
1. Obama might not have any choice in the matter
However, help is on the way when the Republican tax cuts expire at the end of next year and at least one of their wars is wound down to nothing. The deficits will be smaller and a jobs program will be started. We should be facing revolution by that time, anyway, so even Congress will be on board.

It's really too bad we have such a chickenshit Congress. What they need to do is enact tax hikes on the wealthiest now plus cut the Pentagon budget 10% per year until our expenditures are in line with the rest of the world.

However, were the health insurance reform to take place sooner rather than allowing them to kill us for another 5 years, a lot of jobs would be created there.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 05:58 PM
Response to Original message
2. We are a freaking service economy!
We need to be INVESTING in jobs, not paying down the deficit. Now is not the time.
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tonysam Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 06:00 PM
Response to Reply #2
3. +1,000
I can't believe the fouled-up priorities.
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