job creation

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Why the GOP Is Winning the Debt Fight: It Has a ('Very Bad') Big Idea
Why the GOP Is Winning:
It Has a ('Very Bad') Big Idea
EUGENE ROBINSON
Jul 29, 2011 8:33 AM CDT

Why the GOP Is Winning: It Has a ('Very Bad') Big Idea

Democrats need a big idea to win the debt fight: Eugene Robinson

(Newser) - The Democrats are getting their butts kicked in the debt debate because conservatives have a big, easily communicated idea and Dems don't, writes Eugene Robinson for the Washington Post . The GOP's idea—which is, in Robinson's opinion, a terrible one—is that "taxes are always too...

Economist: GOP Cuts Would Kill 700K Jobs

House's budget would cut GDP growth by 0.5% in 2012

(Newser) - The spending cuts in the Republicans’ budget proposal would cost the country up to 700,000 jobs and hurt the country’s economic growth, according to Moody’s chief economist. Mark Zandi estimates that the proposed budget would reduce GDP growth by 0.5% in 2011 and another 0.2%...

Obama to UN: Give India Seat on Security Council

Trip drives $14.9B in trade deals, 50K US jobs

(Newser) - In a key diplomatic move, President Obama called for a permanent seat for India on the UN Security Council today. In a speech to the country’s Parliament, Obama fulfilled the country’s top wish for his visit, the AP reports, though it does not mean that India will join...

Obama Pushes $50B Infrastructure Plan

Prez seeks GOP support for 'roads, railways, runways' spending

(Newser) - President Obama has made a fresh call for bipartisan support for his $50 billion "roads, railways and runways" plan to upgrade the nation's infrastructure. Obama warned that a failure to invest in infrastructure is eroding America's competitive edge and called for lawmakers to choose between "decline and prosperity,...

Obama Proposes $60B Arms Deal With Saudi Arabia

Boasts record-setting deal will create jobs

(Newser) - The Obama administration plans to offer Saudi Arabia $60 billion worth of advanced aircraft, in what would be the largest arms deal in US history. The deal may also be expanded by tens of billions more to include naval and missile-defense upgrades, the Wall Street Journal reports. The administration intends...

Job Creation Up, but So Is Jobless Rate

Unemployment at 9.9% as job seekers re-enter market

(Newser) - Employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years, the AP reports. The jobless rate also rose, to 9.9%, as people resumed their searches for work. The hiring of 66,000 temporary government workers to conduct the census helped overall payroll...

New Jobs Bring Out New Job Seekers— and Boost Unemployment

Administration says trend is positive, if counterintuitive

(Newser) - As the economy generates more jobs, giving hope to previously “discouraged” workers, the jobless rate could actually spike instead of declining, the Washington Post reports. Still, what's happening in the economy is good, the White House says, laying the groundwork for the likelihood that job creation will lag behind...

Tea Partiers Decry Socialism But Want Gov't Jobs
 Tea Partiers Decry Socialism 
 But Want Gov't Jobs 
BLOOMBERG POLL
Mar 26, 2010 9:20 AM CDT

Tea Partiers Decry Socialism But Want Gov't Jobs

Turns out not all 'socialist' programs are bad

(Newser) - Upwards of 90% of tea partiers are convinced that the US is creeping away from capitalism towards socialism, but they aren’t as stridently opposed to that as you might think. Sure, roughly the same number think the country is headed in the wrong direction, according to a new Bloomberg...

Sen. Kyl: Jobless Benefits a 'Disincentive' to Find Work

If people are getting aid, they won't look for new job, he says

(Newser) - Federal unemployment benefits that expired over the weekend because of Republican objections in the Senate should maybe stay that way, says Sen. Jon Kyl, the minority whip. They don't “create new jobs,” he argues. “If anything, continuing to pay people unemployment compensation is a disincentive for them...

1 Year In, Stimulus Has Saved 2M Jobs
 1 Year In, 
 Stimulus 
 Has Saved 
 2M Jobs 


OBAMA, ECONOMISTS AGREE
Feb 17, 2010 11:40 AM CST

1 Year In, Stimulus Has Saved 2M Jobs

Critics who say it's failed are off base: David Leonhardt

(Newser) - It may not “yet feel like much of a recovery” to jobless Americans, President Obama concedes, but it’s thanks to the massive economic stimulus package passed a year ago “that a second depression is no longer a possibility.” Obama celebrated the anniversary of the recovery act...

Reid Promises Vote on Jobs Bill Next Week

But so far, not one Republican senator is on board

(Newser) - Harry Reid plans to bring the first of several Democratic bills aimed at creating jobs to the Senate floor on Monday, with the goal of passing the measure by the end of next week. “For Senate Democrats, creating jobs is job number one,” the majority leader said. “...

Obama Turns Into a 'Deficit Peacock'
Obama Turns Into a
'Deficit Peacock'
paul krugman
Jan 29, 2010 10:40 AM CST

Obama Turns Into a 'Deficit Peacock'

His gimmicky idea to cut spending doesn't bode well for the nation

(Newser) - President Obama's gimmicky idea to keep the budget in check by freezing non-defense spending shows he's fallen into the "deficit peacock" camp, writes Paul Krugman. The camp abounds with politicians who support superficial—but politically popular—methods to present the illusion of fiscal discipline. It won't work, and "...

Panicky Dems Switch Tack
 Panicky Dems 
 Switch Tack 
It's the Economy, Stupid
Jan 21, 2010 3:30 AM CST

Panicky Dems Switch Tack

Party prepares to dig in for brutal midterm battles

(Newser) - Democrats shaken by the Massachusetts defeat are scrambling to find a strategy to avoid being swept out of office on a wave of populist anger this fall. Lawmakers agree that the party should switch its focus to jobs and the economy—but there's little consensus on the particulars. "Every...

Fed Needs to Create Jobs, Cuz Obama Can't
Fed Needs to Create Jobs, Cuz Obama Can't
PAUL KRUGMAN
Dec 11, 2009 6:09 AM CST

Fed Needs to Create Jobs, Cuz Obama Can't

President's hands are tied by balky GOP, lukewarm liberals

(Newser) - America needs to add a whopping 18 million jobs to its economy over the next five years to get anywhere near full employment, and it's the Federal Reserve that needs to do it, writes Paul Krugman. President Obama's hands are tied by obstructionist Republicans and lukewarm support from his own...

Obama Pushes Tax Breaks for Small Businesses

President lays out ideas to create jobs

(Newser) - President Obama proposed a series of job-creating ideas today to supplement the original stimulus plan, with an emphasis on helping small businesses through tax breaks and a suspension of their capital gains taxes. He also called for spending on highways and other infrastructure projects as well as the so-called “...

Dems Switch Focus to Jobs
 Dems Switch Focus to Jobs 
Nov 17, 2009 7:35 AM CST

Dems Switch Focus to Jobs

House aims to have job creation package ready by Xmas

(Newser) - House Democrats hit by accusations they've been focusing on health care at the expense of employment plan to tackle job creation in the coming weeks. There's no consensus on whether the move will come as one big package or a series of smaller measures but Democratic leaders plan to have...

Credit Stimulus for 650K Jobs: White House

Directly or indirectly, $150B spent has had great effect, report says

(Newser) - The economic stimulus package has already created or saved at least 650,000 jobs, the White House said today, even though just $150 billion of the $787 billion has been spent. And the number of jobs is closer to 1 million if it includes positions added indirectly, according to the...

Obama Tags $3.4B for Smart Energy Grid

Plan will create tens of thousands of jobs and cheaper electricity

(Newser) - President Obama will roll out a plan to use $3.4 billion in stimulus funds to modernize the nation’s electrical grid today. The “smart grid” spending will go to private contractors, utilities, and municipal governments in grants of between $400,000 and $2 million. The administration expects $4....

Put New Stimulus to Work for Unemployed

Painful 'new normal' isn't good enough

(Newser) - Economists are buzzing about a "new normal" of higher unemployment and wage stagnation post-recession, but Americans shouldn't resign themselves to a mediocre economy, writes Harold Meyerson. Downturns triggered by banking crises usually cause higher rates of unemployment for longer periods than normal downturns, but the cycle can be broken...

Many Jobs Are Gone Forever
 Many Jobs Are Gone Forever 
ANALYSIS
Oct 5, 2009 2:28 PM CDT

Many Jobs Are Gone Forever

Employment picture likely to remain grim for years, and predicting winning industries is a challenge

(Newser) - The job market is likely to be grim for years to come—economists expect that even if job creation returned to the brisk pace of the ‘90s, unemployment wouldn’t return to 5% until 2017. And for many of the unemployed, the numbers belie the real problem: The positions...

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