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Romney’s plan will create 800,000 jobs – overseas

Via: Yahoo

President Barack Obama blasted Mitt Romney’s economic plan during a stop in the pivotal swing state of Ohio on Monday, saying the blueprint would create 800,000 jobs—just not in America.

“Today, we found out, there’s a new study out by a nonpartisan economist that says Gov. Romney’s economic plan would in fact create 800,000 jobs,” Obama said at a town hall-style event in Cincinnati. “There’s only one problem. The jobs wouldn’t be in America.”

“They would not be in America. They’d be in other countries. By eliminating taxes on corporations’ foreign income, Gov. Romney’s plan would actually encourage companies to shift more of their operations to foreign tax havens, creating 800,000 jobs in those other countries,” the president added.

“This shouldn’t be a surprise because Gov. Romney’s experience has been investing in what were called pioneers of the business of outsourcing,” Obama said, reprising one of his core arguments against the Republican standard-bearer.

http://news.yahoo.com/blogs/ticket/obama-says-romney-presidency-create-800-000-jobs-202941714.html

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personsal thought:

1. The 800,000 jobs will NOT be limited to low paying ‘call-center’ and ‘sewing machine operators’ jobs, but good paying jobs as well.

I understand why you might not like President Obama because he’s a black man, or you believe he’s a Muslim. Well fine.

But the fact is, Romney will outsource American jobs, possibly even yours.

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2. The Tea Party wants to end the deficit, well so do I.  But eliminating American jobs will make the problem worse, much worse.

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So do the right thing, Re-Elect Obama/Biden!

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July 17, 2012 Posted by | 2012, GOP morons, President Obama, Romney | , , , , , , , | Leave a comment

Romney – ‘the Job Creator’

Via: Welcome Back to Potterville – Population 300,000,000

http://www.welcomebacktopottersville.blogspot.com/

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July 9, 2012 Posted by | 2012, GOP morons, Romney | , , , , , , , , , | Leave a comment

Quirky Wall Street Journal Says Firing Government Workers May Lead To Higher Unemployment!

Via: Wonkette

We are sorry, but we do not know what has gotten into the formerly sensible Wall Street Journal. Just listen to this Communist nonsense!

“One reason the unemployment rate may have remained persistently high: The sharp cuts in state and local government spending in the wake of the 2008 financial crisis, and the layoffs those cuts wrought.”

We are not buying it, Wall Street Journal!

Everybody knows government jobs come at the expense of private-industry jobs, and that is why Mitt Romney said we should learn the lesson of Wisconsin and have fewer teachers before saying it was “absurd” that anyone would say he said we should have fewer teachers!

The Journal (commie bastards!) takes from this report the bizarre notion that if more people had jobs, unemployment would be lower.

“The unemployment rate would be far lower if it hadn’t been for those cuts: If there were as many people working in government as there were in December 2008, the unemployment rate in April would have been 7.1%, not 8.1%.”

http://wonkette.com/475201/quirky-wall-street-journal-says-firing-government-workers-may-lead-to-higher-unemployment

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June 14, 2012 Posted by | Uncategorized | , , , , , , , , , , | Leave a comment

“Think of the Children” – Paul Krugman

Via: NY Times

Every time I hear some smug pundit or politician saying that we can’t spend to create jobs because that would be laying too much of a burden on our children, I get angry — because of reports like this:

For this generation of young people, the future looks bleak. Only one in six is working full time. Three out of five live with their parents or other relatives. A large majority — 73 percent — think they need more education to find a successful career, but only half of those say they will definitely enroll in the next few years.

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No, they are not the idle youth of Greece or Spain or Egypt. They are the youth of America, the world’s richest country, who do not have college degrees and aren’t getting them anytime soon.

Everything we know says that this generation will never — NEVER — recover from the terrible job market into which it has graduated.

But hey, we can’t do anything about that; we must have austerity, for the sake of the next generation.

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Paul Krugman’s Blog – ‘Conscience of a Liberal’

http://krugman.blogs.nytimes.com/

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June 10, 2012 Posted by | Uncategorized | , , , , , , , | 2 Comments

(1 of 2) Trade secrets of oldest family firm in US

Via: BBC

Nearly 400 years ago, in 1623, Avedis Zildjian founded a cymbal-manufacturing company in Istanbul.

Now run by 14th generation family member Craigie Zildjian, along with her sister Debbie, the company has outlasted empires, survived a move overseas to the US, and thrived during the economic turmoil of the Great Depression and two World Wars.

Today, the company controls 65% of the world’s cymbal market, and took in more than $50m in revenues last year.

But for the Zildjians, it’s more than just a business.

Walking through the halls of the Zildjian factory in Norwell, Massachusetts, is like getting a front row seat to music history.

The hallways are lined with photos of famous drummers such as Ringo Starr and Roy Haynes. Jazz drummer Buddy Rich’s drum kit is preserved in full.

Drummers of all stripes often arrive to test the Zildjians’ latest cymbals – there’s even a special pressurised room that can re-create the acoustics of concert venues around the country.

Yet musicians are a fickle bunch, and the music industry is constantly in flux.

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So what are the Zildjians’ secrets to staying in business for nearly four centuries?

Every Zildjian who wants to work in the family business must get a college degree, preferably in business. They also must intern while in high school or college, to get a taste of the company’s standards.

But come graduation, don’t expect a job with the company right away, say Craigie and Debbie.

Another rule requires family members to work elsewhere to get experience outside the company.

Even once they join the company, as Debbie’s daughter Cady recently did, strict rules ensure that a family member never reports to another. This, says Craigie, is simply just best practice – family business or not.

Beyond that, though, there are a few quirky rules that the sisters have instituted.

“One of the things we’ve always done is we have never had spouses involved in the business,” says Debbie Zildjian.

She jokingly adds another rule: “We’ve always encouraged our daughters not to get involved with musicians, especially drummers.”

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June 9, 2012 Posted by | Uncategorized | , , , , , , , , , | Leave a comment

“Quote of the Day”

Via: Think Progress

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April, 2011 – Trump described Romney’s experience at Bain.

“He’d buy companies, he’d close companies, HE’D GET RID of JOBS.”

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And now?

Trump has subsequently become a prominent Romney surrogate and fundraiser. This week, Trump explained that, at the time of his critical comments he didn’t know Romney and has since come to “realize he’s a terrific guy”. (yeah, terrific!)

http://thinkprogress.org/election/2012/05/25/490956/trump-on-romney-hed-buy-companies-hed-close-companies-hed-get-rid-of-jobs/

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Do the right thing, Re-ELECT Obama/Biden!

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May 26, 2012 Posted by | 2012, GOP morons, President Obama, Romney, Trump | , , , , , , , , , | Leave a comment

More Than 230,000 Americans Will Lose Their Unemployment Benefits This Weekend

Via: Think Progress

According to a new report from the National Employment Law Project, 230,000 Americans will see their unemployment benefits vanish this weekend, even as the jobless rate remains stubbornly high. Nearly half of those losing their benefits live in California, where the unemployment rate is 11 percent:

Long-term unemployed workers in a growing list of states are being abruptly cut from federal unemployment insurance, a new analysis from the National Employment Law Project shows. Due to reductions Congress enacted earlier this year, more than 400,000 workers in 27 states will have lost between 13 to 20 weeks of federal unemployment insurance under the Extended Benefits program by Saturday, May 12th. The cuts come even though long-term unemployment remains near record highs. […]

http://thinkprogress.org/economy/2012/05/11/482484/unemployment-benefits-weekend/

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And the Fox Nation headline will be:

“230,000 give up looking for work”

bastards!

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May 12, 2012 Posted by | Uncategorized | , , , , , , , , , | Leave a comment

Auto bailout saved 1.45 million jobs

Via: NYT

The American economy was terrifyingly close to the brink in 2008 and 2009, and the impending collapse of General Motors and Chrysler threatened to be the final push. When the companies begged the federal government to save them from financial catastrophe, President George W. Bush and later President Obama ignored strong Republican objections, saving a signature American industry and the whole country from an even deeper crash.

Four years later, there are 1.45 million people who are working as a direct result of the $80 billion bailout, according to the nonpartisan Center for Automotive Research, both at the carmakers and associated businesses downstream in the economy. Michigan’s unemployment level is at its lowest level in three years. G.M. is again the world’s biggest automaker, and both companies are reporting substantial profits.

And yet Mitt Romney, along with the other Republican presidential candidates, has spent the days before the Michigan primary denouncing the bailout that has rescued his native state. Mr. Romney has been especially vociferous in his insistence that he would have allowed the carmakers to go bankrupt, and said he believes they could somehow have clawed their way back to profitability without a dollar of federal assistance.

“The president tells us that without his intervention things in Detroit would be worse,” he wrote recently in The Detroit News. “I believe that without his intervention things there would be better.”

This critique is detached from reality.

Steven Rattner, who was Mr. Obama’s lead auto adviser, wrote in The Times on Friday that not a single dollar of private capital could be found to prop up the companies, despite desperate efforts, and he challenged Mr. Romney to name one investor who might differ.

The Detroit News, which otherwise enthusiastically endorsed Mr. Romney in the primary, said he was dead wrong about the bailout.

 ONLY the GOVERNMENT was in a position to save the auto industry from “the DARKEST HOUR of its HISTORY,” the newspaper’s editorial board wrote.

http://www.nytimes.com/2012/02/26/opinion/sunday/a-million-jobs.html?_r=2&ref=opinion

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Do the Right Thing – Re-elect Obama/Biden!

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February 27, 2012 Posted by | 2012, President Obama, Romney | , , , , , , , , , | Leave a comment

Josh Byrnes (R-IA) – ‘GOP Moron of the Day’

Via: Think Progress

Conservatives have pounced on President Obama for the COMPLETELY FALSE STORY that he called Americans “lazy.”

But one Iowa Republican is publicly agreeing with the disparaging characterization Obama never made. State Rep. Josh Byrnes doesn’t think all Americans are lazy — just the 14 million who are unemployed. And he blames Obama for the problem, writing:

“I might have to partially agree with President Obama on this one. I don’t think Americans as a whole are lazy, but we have some pockets of Americans that appear lazy. Ironically, the president has helped enable some of these pockets by doing things like extending unemployment benefits.”

Byrnes also says people who are out of work could find jobs if they wanted to, but are simply too proud: “There are jobs out there and I think the problem is that some people think some of these jobs are beneath them.”

http://thinkprogress.org/politics/2011/11/18/371588/gop-state-rep-obama-enables-lazy-americans-by-extending-unemployment-benefits/

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November 19, 2011 Posted by | 2012, GOP morons, We Are the 99 Percent | , , , , , , , , , , , , | Leave a comment

Barlett: Ex-Reagan Economist: Idea That Deregulation Leads To Jobs ‘Just Made Up’

Via: Huffington Post

Key proposals from the Republican presidential candidates might make for good campaign fodder. But independent analyses raise serious questions about those plans and their ability to cure the nation’s ills in two vital areas, the economy and housing.

Consider proposed cuts in taxes and regulation, which nearly every GOP candidate is pushing in the name of creating jobs. The initiatives seem to ignore surveys in which employers cite far bigger impediments to increased hiring, chiefly slack consumer demand.

“Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today,” writes Bruce Bartlett. He’s an economist who worked for Republican congressmen and in the administrations of Presidents Ronald Reagan and George H.W. Bush.

As for the idea that cutting regulations will lead to significant job growth, Bartlett said in an interview, “It’s just nonsense. It’s just made up.”

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Government and industry studies support his view.

The Bureau of Labor Statistics, which tracks companies’ reasons for large layoffs, found that 1,119 layoffs were attributed to government regulations in the first half of this year, while 144,746 were attributed to poor “business demand.”

http://www.huffingtonpost.com/2011/10/31/gop-candidates-plans-on-economy-housing_n_1066949.html

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1st half of 2011:

1,119  – layoffs were attributed to government regulations

144,746 -were attributed to poor “business demand”

xxx,xxx – ‘off-shored’ to India /Mexico / China

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November 1, 2011 Posted by | 2012, GOP morons, Perry, President Reagan, Romney | , , , , , , , , , | Leave a comment