Perpetuating economic insanity

[Locutus]

Bawney Fwank: “We Would Have Unemployment Below 8%” If GOP Didn’t Stop Us From Hiring More Public Workers…

On the Wednesday night broadcast of Current TV’s “Viewpoint,” outgoing Rep. Barney Frank (D-Mass.) explained how cutting federal spending has hurt the economy. Frank also shared why he believes unemployment is above 8% and how to fix it.

“When you cut back so substantially, you’re not just doing social harm, you’re doing economic harm because you do not have the spending power in the economy that you ought to have. Look, again, it’s now clear,” Rep. Frank said.

“We would have unemployment below 8% if it weren’t for the fact that Republican policies have forced cities and states to lay off 700,000 people. Firefights, police officers, teachers, public works employees, people who collect garbage, people who shovel snow because they’ve been hit by the property tax collapse. So, they have been losing. We’ve tried to help them out and the Republicans say no, we have to preserve tax cuts for the wealthy, we’ve got to send money overseas to the military in useful ways, and the result has been 700,000 jobs lost from state and local governments over these past couple years,” he said.
Video here…
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Barney Frank: Unemployment Would Be Below 8% If We Had More Public Workers | RealClearPolitics


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[Highball]

Barney has never cared about anything to benefit the public whom he represents. He is in Congress to be a GL organization spokesperson. Now that he is retiring his sole focus in on his Prostidude business and its success with his Congressional associate who share his preferences. BUT... he is a speaker just like many of those who sit in the same room with him. He likes to speak down to us and thinks we aren't catching on.

 

[taxslave]

Another moron that has zero clue of economics.

 

[damngrumpy]

Ironically it is exactly how they got out of the last great depression they used public
work programs and the military that is what the New Deal was all about and it did
work before. The problem is more severe this time because the multi nationals
stripped America of its manufacturing base so there won't be any other jobs unless
you apply at Burger King.
We need good paying jobs and we need to bring the manufacturing jobs back but
even more important we need to be willing to pay more so we can share a decent
lifestyle and not abuse workers in other countries.
So Mr Frank is not entirely wrong. After all the Republican Administrations have
allowed the bridges, roads, canals and waterways and railroads go to hell in a hand
basket so they need to hire people to fix it. Oh I forgot, they also let sewers, and
other municipal services fall into disrepair as well. So who pays to clan it up and who
does the job

 

[Bar Sinister]

Actually Mr. Frank might be right on the mark. Paul Klugman noted a few months ago that if all of the firefighters, police officers, and teachers that were laid off during the recession were simply rehired, then unemployment would drop to pre-2008 levels. But of course we wouldn't want to see those useless leeches put back on the public payroll.

 

[Kreskin]

We need a few dozen more billion dollar ponzi schemes on Wall Street to get jobs rolling again.

 

[tay]

For the first time in 98 years, the 330,000-member Fraternal Order of Police (FOP) will not endorse a candidate for president this year.

The FOP supported the Republican candidate for President in 2008, 2004, and 2000, and its non-endorsement is seen as a refutation of Mitt Romney.

Why the change? One big reason was Mitt Romney’s support of Senate Bill 5 in Ohio, which stripped collective bargaining rights from police officers.

The Republican Party’s rabid attack on collective bargaining rights in 2011, particularly in Ohio and Wisconsin, is taking a political toll in 2012. Turns out that many traditionally Republican voters believe that their fire departments should be able to negotiate for adequate safety equipment or that the police officers who risk their lives on the streets should have a seat at the bargaining table.

In Ohio, Senate Bill 5 would have infringed on those rights – and lifelong Republican voters in law enforcement are responding in kind.

“Some of my members have flat-out said, ‘I will never again vote for someone who has an R next to their name because of what John Kasich did.’ I will not be voting for Mitt Romney, because he was with the Senate Bill Five people, congratulating them, and has the belief that America should be a right-to-work country. In my opinion, he has no respect for the working man, and, for that alone, I will not vote for him.”


National Police Union Refuses to Endorse Romney, First Such Refusal in 98 Years « Main Street