I’m heavily skeptical of this plan:
The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits.
The plan is a key feature of a payroll tax cut package that President Barack Obama negotiated with congressional Republicans in February.
It seems that Obama may–I said may–have had what might–I repeat, might–be a good and workable idea.
In a separate statement, the White House announced 2012 grants of $166 million to hire veterans as police officers and $320 million to hire them as firefighters and emergency personnel.
Obama also will include in the 2013 budget a separate $4 billion in funding to promote police hiring, with communities that hire post-September 11 veterans getting preference for the funds. Another $1 billion would go to employ firefighters and emergency workers, the statement said.
This actually makes a good deal of sense, if you think about it. Veterans would logically have the physical and emotional training to handle high-stress jobs like police officer or firefighter, so they’d probably be a good fit for these positions.
The big question, however, is what happens once the grant money runs out? The fear is that if the grant money goes away, so do the positions, and that could put these vets out of work again. Of course, this is somewhat offset by the fact that by the time the grant runs out, the vets would have valuable experience as cops or firefighters, which might make it easier for them to find another position if they find themselves looking because the grant money isn’t there anymore.
Overall, count me as a cautious supporter of this idea.
(Cross-posted at PJ Tatler)
When Reagan was running against Carter, I remember that one of the Gipper’s slogans was, “Are you better off now than you were four years ago?” (Or something to that effect. Yes, I am old enough to remember that, but I wasn’t old enough to vote till Reagan’s re-election campaign. You should be able to get a good general idea of my age from that, if you’re curious.)
Obama seems to be trying to be Reaganesque here, but all he’s really doing is giving the GOP a sound bite to use in ads against him.
Herman Cain just demonstrated the time-honored political tradition of “open mouth, insert foot.“
“Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself!” Cain said. “It is not a person’s fault because they succeeded, it is a person’s fault if they failed. And so this is why I don’t understand these demonstrations and what is it that they’re looking for.”
Remember that jobs bill that Obama stood in front of Congress and demanded that they pass right away? Harry Reid seems to have forgotten:
President Obama still is pressing Congress to pass his jobs stimulus bill immediately, but his own party leaders in the Senate, where Democrats have a majority, have pushed that vote off yet again.
Gotta love it. Since President Obama hasn’t yet–nearly a week after his address to both houses of Congress–delivered the text of his “American Jobs Act,” Rep. Louie Gohmert (R-TX) decides to name his own bill the American Jobs Act.
The American Jobs Act introduced in the House of Representatives looks quite different from the version President Obama outlined in his speech to Congress. Instead of hiking taxes on working Americans to pay for another stimulus, Rep. Louie Gohmert’s (R-TX) legislation offers a tax cut.
Gotta love the cognitive dissonance:
Princeton University economist Alan Krueger, who will replace Austan Goolsbee as the White House’s chief economic advisor, “is likely to provide a voice inside the administration for more-aggressive government action to bring down unemployment and, particularly, to address long-term joblessness,” according to a report in the Wall Street Journal.
WSJ (emphasis in original):
Moody’s Analytics, a sister company to credit-ratings company Moody’s InvestorsService, now expects real gross domestic product to increase at an annualized rate of about 2% in the second half of this year and just over 3% next year, compared with its estimate a month ago for growth of 3.5% for the second half of this year and through 2012.
If you ever needed a reason to stop paying attention to Paul Krugman, here it is:
If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be better –
Now there’s a Senator with a good idea:
Today Senator Ron Johnson (WI) introduced S. 1438, the Regulation Moratorium and Job Preservation Act. The bill calls for a moratorium on burdensome federal regulations until the national unemployment rate falls to 7.7 percent – below where it was when President Obama was sworn into office.
How’s that Obama Summer of Recovery (2011 edition) going?
The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity fell to 50.9 percent in July from 55.3 percent in June. The reading was the lowest since July 2009 — one month after the recession officially ended.
Let’s do an ObamaCare twofer today, shall we?
Private-sector job creation initially recovered from the recession at a normal rate, leading to predictions last year of a “Recovery Summer.” Since April 2010, however, net private-sector job creation has stalled. Within two months of the passage of Obamacare, the job market stopped improving. This suggests that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring. The law significantly raises business costs and creates considerable uncertainty about the future. To encourage hiring, Congress should repeal Obamacare.
That’s the first paragraph of a new report out from the Heritage Foundation showing that the passage of ObamaCare is what has really stalled the US economy.
That should be a no-brainer, but a study from the US Chamber of Commerce bears it out:
Almost two-thirds—64%—of small-business executives surveyed said they weren’t expecting to add to their payrolls in the next year and another 12% planned to cut jobs, according to a U.S. Chamber of Commerce report to be released Monday. Just 19% said they would expand their work forces.
This comes after a Labor Department report Friday showed employers added few jobs in June, and unemployment rose to 9.2%. The bleak figures joined other data showing the recovery losing momentum in recent months, which has caused many analysts and policy makers to lower their forecasts for economic growth in the second half of the year.
The Small Business Administration says small businesses, defined as companies with fewer than 500 workers, employ about half of the workers in the private sector. In the Chamber’s survey of 1,409 executives, conducted by Harris Interactive, small businesses were defined as firms with revenue of $25 million or less.
More than half of the small-business executives in the June 27-30 survey cited economic uncertainty as the main reason for holding back on hiring. About a third blamed lack of sales, while just 7% pointed to problems getting credit.
If we take the 64% of small businesses that are not hiring and adding the 12% that are planning on cutting payroll–which would also mean they’re not hiring–that’s over 3/4 of those businesses not hiring… which adds up to a really good reason why the unemployment numbers are not improving.
Add to that the people who have a plan to start a small business but have decided not to because of the same economic uncertainty that was mentioned in the quoted article, and you get an even better picture of why Obamanomics is a miserable failure at job creation.
Obama senior adviser David Plouffe:
“The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers,” Plouffe said. “People won’t vote based on the unemployment rate, they’re going to vote based on: ‘How do I feel about my own situation? Do I believe the president makes decisions based on me and my family?’”
This statement is both self-contradictory and obviously wrong… the self-contradiction itself shows the error of the statement.
The self-contradiction first. The latter part of the quote starts with, “How do I feel about my own situation?” Well, that will be directly impacted by the unemployment rate… if they or their direct family can’t find a job, they’re sure not going to feel very good about their own situation, now are they? And thanks to Obamanomics, there’s a lotta folks without jobs right now.
And there’s the error… people are most definitely paying attention to the unemployment and jobs numbers, because they directly impact the ability of people to find and keep jobs.
Baghdad Bob wasn’t any further in denial than Plouffe is.
Well, okay, if you want to take credit for the way things are going, Debbie:
Democrats are ready to take responsibility for the state of the economy and they deserve credit for putting it on the right track, the party’s chairwoman, Rep. Debbie Wasserman Schultz, said on Wednesday.
“We own the economy. We own the beginning of the turnaround and we want to make sure that we continue that pace of recovery, not go back to the policies of the past under the Bush administration that put us in the ditch in the first place,” Wasserman Schultz told Mike Allen at POLITICO’s ‘Playbook Breakfast.’
Pace of recovery, Debbie? What friggin’ recovery?
This woman is clearly delusional… and part of the delusion seems to be that everyone thinks the economy is just fine.
Keep it up, Debbie… you’re writing great copy for Republican or conservative ads for Election 2012.
Jimmy at Sundries Shack has done the unthinkable–well, unthinkable to Obamacrats, at least–he’s applied math to some of Debbie Wasserman Schultz’s pronouncements:
Let me say that again. This administration has spent over one and one-quarter million dollars per job created in the past 2 1/2 years. And they proud of that? They want to hang their hat on that?
Read the whole thing for the actual math… the bottom line, however, is quite devastating enough.