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Christine Pelosi

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It's Still the Economy, Stupid, and You Can't Build That Without Us

Posted: 08/24/2012 5:12 pm

Forget the ABCs of the GOP Campaign coverage -- Akin, Birthers and Conservatives -- the fundamentals of election 2012 remain jobs, jobs and jobs. It's still the economy, stupid, and you can't build that without us. 

No president can create jobs without us -- without government -- but Mitt Romney will spend a week in Tampa pretending otherwise.

As Republicans gather in Tampa in the potential path of Hurricane Isaac, they're going to owe their safety to the very first responders whose jobs they've tried to cut. Just this summer, Mitt Romney attacked Barack Obama, saying of the president "he's trying to hire more firefighters, more police officers, more teachers -- did he not get the message from Wisconsin? it's time to cut back on government and help the American people." Putting aside the illogic of assuming that public service workers don't help the American people, we ask a deeper question: how in the world will Romney create jobs by firing people? OK, not in government.

Let's move to healthcare. By repealing ObamaCare, Romney would raise premiums, bring back medical discrimination, and make Medicare bankrupt by 2016. Not a lot of jobs there.

How about small business job creators? They need access to credit and capital -- and with the banks not lending we are back to government again, starting with SBA and Commerce Department loans. Romney does not give us specifics on his tax plan so we don't know what hiring incentives companies may get. He says he will give corporate tax cuts to the high end as George W. Bush did -- but those high end tax cuts didn't create jobs. Again, more deficits due to tax breaks without the jobs to show for them.

Jobs for veterans? Unlike President Obama's American Jobs Act, Romney's 59-page jobs plan did not even mention veterans -- some of our most highly trained workers. Paul Ryan is now decrying the sequester of military spending for which he once voted, but even defense spending is required to create jobs in the military sector -- apparently the only place where Romney is willing to spend government money.

Jobs in the energy sector? The energy plan denies global warming -- even as a hurricane heads toward the nominee -- and the only jobs we see are in nuclear energy -- which cannot happen without government insurance -- natural gas and drilling. Yes, Mitt Romney will go to the Florida coast and present a jobs plan for drilling. Good luck with that. Which leaves us with the natural gas plan which will also require government incentives, or tax breaks -- in other words, government spending. Some jobs yes, but enough to lift us out of recession? Not even close. 

Jobs in housing, infrastructure and manufacturiong? New construction is up -- but with Romney's theory to "let the market bottom out," many mortgages are underwater deeper than homes in the wake of Hurricane Isaac. Again, federal intervention would be required to expand construction in housing and infrastructure. The Democrats' Make it in America bill calls for exactly that -- but since Romney allows no government spending we're hard-pressed to get jobs without investments. And lest we forget "let Detroit go bankrupt" was advice President Obama didn't take -- and saved the auto industry instead.

Industry by industry, job creation out of recession does not happen on its own. It takes government investments via direct loans grants or tax cuts. There is no way to "cut back on government" and create jobs at the same time. And that's why instead of a tangible jobs plan we can believe in we'll get a week of Democrat-bashing and dog-whistling in Tampa, in a stadium they couldn't build without us. Until the government employees usher them safety home.

 

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Forget the ABCs of the GOP Campaign coverage -- Akin, Birthers and Conservatives -- the fundamentals of election 2012 remain jobs, jobs and jobs. It's still the economy, stupid, and you can't build ...
Forget the ABCs of the GOP Campaign coverage -- Akin, Birthers and Conservatives -- the fundamentals of election 2012 remain jobs, jobs and jobs. It's still the economy, stupid, and you can't build ...
 
 
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This user has chosen to opt out of the Badges program
12:26 PM on 08/26/2012
It's the private sector that isn't investing now, out of uncertainty. The government is just getting in the way with more and more regulations. The only way to get out of this mess is to cut back on government and let the private sector grow the economy. Without the private sector, there would be no government.
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Dave Bokman
USMC/OIF/OEF Veteran. Proud Atheist in a FoxHole.
09:06 PM on 08/25/2012
the more and more i learn about r-money the less and less i can stand that piece of human detritus...
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Gestas
Mountain Man
11:58 AM on 08/25/2012
The Republican Party is owned by a very small group of very Rich People....that want to stop paying taxes altogether. So when A Republican talks about the Economy, that really is what it's all about...Making the Rich, Richer and the Poor, Poorer.. God only keeps us here to take care of the Richest 1%..
11:46 AM on 08/25/2012
“Well lets see Bush only created 3 million jobs in Eight years closed 50,000 factories lost 7 million jobs so no place to look for jobs. Bush the only president to not raise taxes to pay for his 2 wars, 2 tax cuts, drug program an turned a surplus into a huge deficit, passed that an a depression on to Obama. (Republicans passed the law that PAYS our companies to move jobs overseas an won't repeal it an than they wonder where the jobs are.) Obama didn't know he would have a DO NOTHING tea party Republican congress that stopped Obama with 135 filibusters an won't pass his jobs bill or farm bill so they can keep the unemployment high for election on purpose. The jobs bills the GOP sent to the senate, they wanted it to be paid for on the back of the poor an middle class an food stamps an not one cent from the rich. Also population grouth, automation help keep unemployment high. Romney keeping money off shore doesn't help create jobs an it cost our SS, medicare, federal,state and local millions in lost revenue causing our taxes to go up for the lost revenue.
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Chris Hussein Finnie
11:16 AM on 08/25/2012
Actually, I find it rather amusing that the Romney Ryan ticket attacks the president for cutting the employment requirement for welfare--which he didn't do--but have no plan to create jobs themselves.
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Christine Pelosi
Author, Campaign Boot Camp 2.0
12:44 PM on 08/25/2012
GOP budget would LOSE up to 1 million jobs. Even Ryan's born-again love for military spending doesn't include jobs plan for #veterans.
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Dave Bokman
USMC/OIF/OEF Veteran. Proud Atheist in a FoxHole.
09:07 PM on 08/25/2012
dont ya know? govt doesnt actually create jobs! duh!...oh FSM i really despise r-money...
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frank1946
Tell the Truth
07:50 AM on 08/25/2012
It takes Private Capital Investment to create good Jobs.

DEMS hate Capital, they TAX it until it leaves for other places.

Government Capital ? Solar Valley is a great example.

DEMS only adore TAXES. You didn't build it !
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maclfam
09:12 AM on 08/25/2012
Thats just ridiculous. Business grew more under Clinton than under Reagan or either Bush, with budget surpluses and declining national debt. Republicans wont allow President Obama, another Democrat, to outperform them again, hence stonewalling in the House and the record use of the filibuster in the Senate. And private investment didn't build the national infrastructures of road and bridges, water distribution and sewers, police and fire departments, schools and libraries. And that's what President Obama was referring to.
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06:58 PM on 08/25/2012
I'm not going to debate the economy of other presidents, but the economy today is in ruins, and Obama has failed as president with his disastrous "stimulus" (aka largest pork in US history). We have the lowest economic growth in history, continued unemployment, and increased regulations that have companies taking their business elsewhere. I don't think it's likely that he will get re-elected with his record of failure.
03:47 PM on 08/25/2012
By Bush only creating THREE MILLION jobs in EIGHT YEARS an losing millions of jobs Obama was behind from the beginning. So why did Romney keep his money overseas?
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mudshark12
Now who are you jiving with that cosmik debris?
03:04 AM on 08/25/2012
I've noticed that Romney's whole campaign has been a headlong attack on our President, many times by taking things out of context by not giving the whole audio or video clip. By selective editing one can manufacture a video and make it SEEM that a person said something that ACTUALLY they were on the opposite side of.

We have to take our words BACK like Christine did when she said: It's still the economy, stupid, and you can't build that without us. Now, Romney's campaign took our President's words out of context by clever editing to make it APPEAR that private business didn't build America, which they did. When the Republicans can successfully get away with this then they are able to demonize Barrack and make him appear to be a bad President.

http://takingnote.blogs.nytimes.com/2012/07/27/you-didnt-build-that/

Christine also made too many other points in this excellent article to enumerate and expound on with one comment, this article bears reading closely.

I hope that Obama takes the gloves off and really hammers Mitt; as Romney really doesn't have a plan for our economic recovery other than the same failed policies that his party has supported in the past where the rich get even richer and everyone else starves due to their greed and selfishness.
01:11 AM on 08/25/2012
I'm getting really tired of this "government does everything for you so you don't need to do anything" mentality from the dem party. Do we need government. Yes, for law enforcement. To create jobs? Not really.
Now that the dem party has downgraded schools to the point that people with a high school diploma are functional illiterates (and yes, they will need help with any major decision they make) I really worry about this nations future.
Do you think that our founding fathers would have taken the stand that you need government holding your hand and directing you every time you do anything? They were in favor of small government.
Starting in 1789, members of congress were paid at the rate of 6.00 per day that congress was in session. So from 1776 to 1788, members of congress were not paid?
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feelingdisposable
Obama 332 - Romney 206
06:45 AM on 08/25/2012
You don't have a clue as to what you're actually saying, do you? You do realize that anyone who is employed by the government gets a paycheck and spends it in the local economy - usually on silly things like rent/house payment or food & utilities, right? Take all of the "government" jobs away from any community & see how long it takes for your community to wither away. We are all connected, whether we like it or not. The teacher or the cop who is buying groceries for their family, with their government paycheck, are helping to make sure the people who work in the market have jobs.
10:25 AM on 08/25/2012
You don't get it. Yes, we are all connected. But this new tone from dems is that you (non-government workers) can't do anything without government. Which is just flat out wrong. They are trying to make themselves more important, more valuable, than non-government workers. This could be to justify their high salaries, to try and protect their jobs, but whatever the reason for it, it is just wrong. When you go to the DMV, do you feel like your life has been enriched by interacting with a DMV worker? If so, you need counseling.
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allen bupp
Fighting ignorance, one ideologue at a time...
03:59 PM on 08/25/2012
but, but, but, YOU don't "get" it

Reality doesn't matter. Truth doesn't matter. Critical thinking is eeeeeeeeeevul. EVERYTHING the gubmint does is eeeeeeeeeeeevul. Society is overrated. Selfishness is good. And Mammon is Lord of all.

Hannity and Beck said so.
12:07 PM on 08/25/2012
Our founding fathers didn't know their would be such greedy corporations that would move out of the country or did they know that Republicans would pass a bill that pays our corporations to outsource our jobs. Republicans just caused thousands of teachers, police , firefighters to be layed off like 600,000. Without the goverment you wouldn't have a interstate highway, hoover dam an where the REPUBLICANS are holding their convention. Thousands of small business wouldn't be able to start up without the gov.help. Lack of goverment regulations of banks what got us in this mess. Take away gov. contracts an millions would lose their jobs.
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MassWG
12:38 AM on 08/25/2012
Government can create jobs simply by paying people to NOT provide the true goods and services needed by other people. This type of job creation these days is commonly called "the military" or the "security state". We should also look into other non-productive endeavors such as building pyramids or hiring more government economists.

The important thing is that large numbers of people remain employed to produce nothing of much economic value. We leave that nasty business to the Chinese and Germans and Swedes and others. This ensures that we continue to import far more than we export, and that ensures that more and more dollars flow into foreign economies. All these excess dollars from our $10 trillion cumulative trade deficit can then be loaned back to our government - after all, who would we borrow from if not for all these exporting countries?

(In the process, these foreign central banks can print their own currencies against their dollar reserves, helping to make the increase in wealth inequality a global phenomenon.)

By borrowing these trillions our government is thus able to expand the warfare/welfare state and lavish the trillions on even more jobs programs, thus enabling us to continue over-consuming even as we are under-producing. Who needs a private sector when government debt can keep us fat and happy? And so the debt cycle goes, as long as all those central banks keep providing structural support to the dollar. And then?
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dadw5boys
Disabled Vietnam Vet
10:18 PM on 08/24/2012
Republicans going into a place built with TAX DOLLARS with demands that Government become so small it can fit in a Woman Uterus !
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Hal Donahue
Concerned citizen tired of the lies
09:29 PM on 08/24/2012
Finally, back to what matters and is necessary to rebuild America - Well said!