Wednesday, October 3, 2012

I am in the wrong 47%


I am a victim and I'm entitled. I'm largely a victim of my own stupidity and I'm entitled to all the rights granted in the bill of rights. I don't see why everyone should not be entitled to or granted the basic right to food, medicine, shelter, and safety. Why should I deny myself what I am willing to grant others? 

The major mistake made by the Obama 47 is that they are too obstinate to ask their parents for money. If they would barrow that money form their parents no one would be poor. The economy is still bad and people are still hurting but things are going to pick up in the next couple of years. On ABC News today they talked about five million jobs will be added to the economy in the next two years. Here are a couple of other sources that echo that news.

 White planes

America's economy will continue its recovery this year and next as it adds nearly 5 million jobs and unemployment falls below 8 percent, say University of Michigan economists.
"The performance of the U.S. economy during much of 2011 did nothing to alter the perception that we were mired in a sluggish recovery," said U-M economist Joan Crary. "Indeed, by late summer economists were considering the likelihood of a double-dip recession.
"The economy regained some momentum during the fall, however, with the closing quarter registering some of the best economic readings of the year. Although the economy is growing at a subpar rate to begin 2012, we expect the pace of economic activity to accelerate over the next two years as the economic headwinds that have plagued the recovery begin to abate."

In their annual spring forecast update of the U.S. economy, Crary and colleagues Daniil Manaenkov and Matthew Hall say that employment rises at a moderate pace, consumer spending increases, the housing market picks up, vehicle sales improve and inflation remains in check in 2012 and 2013.
They predict that payroll employment will rise by 2.5 million jobs during 2012 and 2.3 million during 2013, an average of 200,000 jobs per month.

 Obama can't take all the credit because part of it is due to lower energy prices due to the boom in natural gas mined form shale (such the boom in gas drilling in Ft. Worth). Lower energy prices have contributed to boom in productivity and thus in sexpots, according to Scot Malone. (Boston, Reuters). Neither can he take all the blame. The stimulus packed did help and Republicans are holding the jobs bill back and thus negating a million Job increase that would come from that (Daily Kos)

A year ago today, Republicans began blocking the passage of the American Jobs Act. This is not a happy anniversary. Without Republican obstruction, the very jobs report that Republicans are crowing about as proof of the President's failings would instead show an increase in hiring and GDP.
On September 8, 2011..........President Obama laid out a series of policy proposals known collectively as the American Jobs Act. The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials. The American Jobs Act never became law....because Republicans opposed it from the start, blasting it as another form of “failed stimulus” that wouldn’t help the economy. (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.) One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed:
    –Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.
    –The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.
    –Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.
    –Goldman Sachs estimated it would add 1.5 percent to GDP.

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