September 13, 2011

The Obamas Job Act

President Obama Continues His Politically Important Push To Sell His Failed Policies In Battleground Ohio
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President Barack Obama Will Visit The Politically Important State Of Ohio On Tuesday To Continue Selling His Job-Creation Plan. (Obama To Discuss Jobs Plan Tuesday In Politically Important
Ohio, 2nd Stop On His Jobs Tour, The Associated Press, 9/8/11)

OBAMA IS INSISTING HIS SECOND STIMULUS BE PASSED RIGHT AWAY BUT ITS BECOMING CLEAR THAT IT WILL BE LESS SUCCESSFUL THAN THE FIRST
New Hampshire Union Leader: Obamas Strategy Was Tried In The First Stimulus Bill. And Yet Our Unemployment Rate Remains Above 9 Percent. Even if these measures were fully funded, would they do much good? We already have the answer: They were tried in the first stimulus bill. And yet our unemployment rate remains above 9 percent. (Editorial, Stimulus Jr.: Obama Tries Again, New Hampshire Union Leader, 9/11/11) Companies Say Obamas Jobs Plan Wont Cause Them To Hire. The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that President Obamas jobs plan while welcome will change their minds any time soon. (Motoko Rich,
Employers Say Jobs Plan Wont Lead To Hiring Spur, The New York Times, 9/9/11)

Many Employers Dismissed The Notion That Any Particular Tax Break Or Incentive Would Be Persuasive. As President Obama faced an uphill battle in Congress to win support even for portions of the plan, many employers dismissed the notion that any particular tax break or incentive would be persuasive. Instead, they said they tended to hire more workers or expand when the economy improved. (Motoko Rich, Employers Say Jobs Plan Wont Lead To Hiring Spur, The New York Times, 9/9/11)

Linda Spinelli, An Unemployed Construction Project Manager Who Has Been Out Of Work For Over A Year: I Did Not Hear Anything In The Speech That Would Help Me Specifically. SPANELLI: I've gone through my life savings, my home equity loan, and now I'm going through my 401 (k), just to cover daily life expenses. I'm job searching 60 hours a week. But I did not hear anything in the speech that would help me specifically. Businesses don't know what health care will cost, whether they'll get tax breaks or not. All of these things are unstable so how does a business make a decision to hire and expand? (Paul Solman, Job Seekers React To President Obamas Speech, PBS Newshour, 9/9/11)

FLASHBACK: One Ohio Teacher Who Stood With Obama When He Signed His Last Plan To Save Teacher Jobs Lost Her Job Shortly Afterward
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Teacher Who Stood Behind Obama As He Signed The 2010 Measure To Save Teachers Jobs Was Laid Off Shortly After. For a while, it looked like a federal measure aimed at supporting teachers and other state and local workers had helped save Amanda VanNess's job. It turned out it was only a temporary reprieve. President Obama signed a bill in August aimed at saving teachers' jobs, with Education Secretary Arne Duncan, Council of Economic Advisers chief Christina Romer and teacher Amanda Van Ness on hand. In July, the 25-year-old Ms. VanNess lost her job teaching kindergarten at Pickett Elementary School in Toledo, Ohio, as a result of cuts that came after voters rejected an incometax increase aimed at shoring up a budget deficit at the Toledo Public School District. (Justin Lahart, Teacher Who
Served As Symbol Of Jobs Measure Gets Laid Off, The Wall Street Journal, 10/9/10)

Obama Signed A $26 Billion Package Which Included Aid To Teachers Last August. The $26 billion package, which was approved by the House in a largely party-line vote earlier Tuesday, includes $10 billion to keep an estimated 160,000 teachers on the job, and $16 billion to help states meet their Medicaid payments for six months. Democrats say the aid to states could also help keep 150,000 police officers and other workers on payrolls. (Devin Dwyer, Obama Approves Billions For Teachers, Cops In Cash-Strapped States, ABC News,
8/10/10)

Obama Predicted The Measure Would Save 160,000 Teaching Jobs. Flanked by Education Secretary Arne Duncan and two teachers in the Rose Garden, Obama said the spending measure being considered by the House of Representatives will help to save the jobs of 160,000 teachers nationwide. (Michael Shear, Obama Urges House To Pass Emergency Funding For Teachers, The Washington Post, 8/10/10) Since That Bill Was Passed, Local Governments Have Shed 194,000 Education Jobs. (Bureau Of
Labor Statistics, BLS.gov, Accessed 9/12/11)

OBAMA PROPOSES PAYING FOR HIS NEW STIMULUS WITH RECYCLED TAX HIKES THAT WENT NOWHERE IN A DEMOCRATIC CONGRESS
The White House Has Proposed Nearly $470 Billion In Tax Hikes To Pay For A Second Stimulus. White House budget director Jack Lew today unveiled how the White House would pay for the presidents job creation proposal. Lew appeared at the White House daily press briefing and suggested a variety of tax measures totaling $467 billion, somewhat more than the announced cost of the jobs bill at $447 billion. (Ann Compton And Mary Bruce, White House Suggests Tax Provisions To Pay For Jobs Bill, ABC News, 9/12/11) The White House Was Rebuffed By The Democratic Congress In 2009 When They Proposed Many Of The Same Tax Hikes. The unwillingness to embrace some of the major White House tax and revenue proposals has frustrated administration officials. They note that lawmakers, many of them supporters of the presidents ambitious agenda, clamor to hold down the deficit while balking at the proposals to finance his program. (Carl Huse, Obamas Revenue Plans Hit Resistance In Congress, The New York Times, 4/19/09) Obamas 2009 Proposal To Limit Deductions For Charitable Giving Were Pretty Close To Dead-On-Arrival. To pay for half of his $634 billion health reform fund, President Barack Obama has proposed limiting itemized tax deductions from mortgage interest to charitable deductions for wealthier Americans starting in 2011. The plan may not be dead-on-arrival but it is pretty close. In my reporting across Capitol Hill today, I couldn't find any strong support for the plan. And it's strongly opposed by several key Democrats on the key Senate Finance Committee, including chairman Sen. Max Baucus, D-Mont. (George Stephanopoulos, "Obama Tax Deduction Plan
DOA?" ABC News' "George's Bottom Line", 3/5/09)

President Obama Has Repeatedly Resurrected The Same Rejected Tax Increases Offered When Obama Could Expect A More Friendly Reception From Congress. President Barack Obama's budget proposal resurrects a series of tax increases on certain corporations and the wealthy that were largely ignored by Congress when Democrats controlled both chambers. Many of the tax increases were in the
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president's previous budget proposals, offered when Obama could expect a more friendly reception from Congress. Lawmakers from both political parties, however, have been wary of limiting the ability of high earners to deduct charitable contributions out of concern it will hurt non-profit organizations. (Meta Pettus,
Obamas Budget Resurrects Reject Tax Increases, The Associated Press, 2/14/11)

Even Some Company Officials Among The Presidents Invited Guests At The Joint Address Expressed Concerns About How The Government Could Pay For Such A Large Package. (Motoko Rich,
Employers Say Jobs Plan Wont Lead To Hiring Spur, The New York Times, 9/9/11)

David Catalano, Co-Founder Of Modea: Higher Taxes To Pay For The American Jobs Act Would Directly Impedes My Ability To Grow The Agency. David Catalano, who helped found Modea, a digital advertising company in Blacksburg, Va., said that he was wary of the presidents pledge to ask the wealthiest Americans and biggest corporations to pay their fair share. His company was organized as an S Corporation, in which profits are passed through to shareholders, so it would face higher taxes under the presidents proposal, he said. He added: My partner and I have reinvested 100 percent of the profits that our agency has made over the last five years back into the company. If the government takes a bigger share of that from me, it directly impedes my ability to grow the agency. (Motoko Rich, Employers Say Jobs Plan Wont Lead To Hiring Spur, The New York Times, 9/9/11)

OVER HALF OF AMERICANS BELIEVE THAT OBAMAS ECONOMIC POLICIES HAVE HURT THE ECONOMY OR HAD NO EFFECT
50 Percent Of Likely Voters Say That President Obama Has Hurt The Economy Since Taking Office And 11 Percent Say He Has Made No Impact On The Economy. (The Hill Poll, 1,000 LV, MOE +/- 3%, 9/8/11) 31 Percent Of Likely Voters Say That They Expect To Be Economically Worse Off Next Year And 40 Percent Expect Their Situation To Be The Same. (The Hill Poll, 1,000 LV, MOE +/- 3%, 9/8/11)

When Asked If Americans Are Better Off Than They Were When Obama Was Elected, More Say They Are Not As Well Off Financially As They Were At The Start Of Obamas Term. Things are also bad for Obama when Americans are asked a version of the famous are you better off today question that Reagan used to bludgeon Jimmy Carter on his way to defeating Carter in 1980. By better than 2 to 1, more say they are not as well off financially as they were at the start of Obamas term. (Jon Cohen and Dan Balz, Obama
Ratings Sink To New Lows As Hope Fades, The Washington Post, 9/6/11)

The Highest Number In ABC News/Washington Post Poll History. More than half of Americans now disapprove of Barack Obamas job performance, six in 10 rate his work on the economy and job creation negatively and more than one in three say theyve become worse off financially under his presidency a high in ABC News/Washington Post polls since Ronald Reagan trademarked the question a generation ago. (Julie E. Phelan and Gary Langer, Summer of Discontent Slams Obama and Republicans ABC News /
Washington Post Poll, ABC News, 9/6/11)

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