Bush's Tax Cuts Didn't Create Jobs

Article

Did the Stimulus Create Jobs?

Summary

The economic stimulus package is a favorite target of Republican candidates and groups, but more than a few ads falsely claim it did not create or save any jobs. Some recent examples:

• Republican House candidate Dan Debicella charges that Democratic Rep. Jim Himes failed Connecticut’s families because he voted for a "stimulus package that has done nothing to reduce unemployment."
• Rick Scott, the Republican candidate for governor in Florida, says Democrat Alex Sink "backed the failed stimulus bill, which created debt, not jobs."
• Similarly, Sink — who never served in Congress and didn’t vote on the bill — is attacked by the Republican Party of Florida in an ad that says the stimulus "gave us big debt and no jobs."
• Americans for Prosperity, a conservative group that does not have to disclose its donors, aired an ad against Democratic congressional candidate Denny Heck of Washington that claimed the "$787 billion stimulus … failed to save and create jobs." The group has launched similar ads against other Democrats.
• Kristi Noem, a Republican House candidate from South Dakota, calls the measure a "jobless stimulus."

The truth is that the stimulus increased employment by between 1.4 million and 3.3 million people, compared with what employment would have been otherwise. That’s according to the nonpartisan Congressional Budget Office.

Analysis

The American Recovery and Reinvestment Act, more commonly known as the stimulus bill, has been featured in more than 130 TV ads this year, according to a database maintained by Kantar Media’s Campaign Media Analysis Group. In many of those ads, Republicans claim the bill has "failed" (a matter of opinion) or state (correctly) that unemployment has gone up since President Barack Obama signed the bill into law on Feb. 17, 2009. The national unemployment rate was 8.2 percent in February 2009, and it now stands at 9.6 percent, having peaked at 10.1 percent in October 2009.

But it’s just false to say that the stimulus created "no jobs" or "failed to save and create jobs" or "has done nothing to reduce unemployment" – or similar claims that the stimulus did not produce any jobs.

As we have written before, the nonpartisan Congressional Budget Office released a report in August that said the stimulus bill has "[l]owered the unemployment rate by between 0.7 percentage points and 1.8 percentage points" and "[i]ncreased the number of people employed by between 1.4 million and 3.3 million."

Simply put, more people would be unemployed if not for the stimulus bill. The exact number of jobs created and saved is difficult to estimate, but nonpartisan economists say there’s no doubt that the number is positive.

Lying ads

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Student’s age-old prank did not rise to the level of a crime

For refusing to “snitch,” he was threatened with being placed on a level three discipline, and possibly even arrest. A note was sent for his mother to come in, which she did. They likened his “crime” to a person witnessing a bank robbery and by not “snitching” becoming an accessory to the crime. She refused to sign the discipline sheet and must now meet with the principal.

What is wrong with this picture? I see plenty wrong with it. Do you?

MANUEL SKINNER

‘The Lost Science of Money’ describes what America has lost

"The privately owned and controlled central banking system of The Federal Reserve tends to benefit those in control rather than the whole society. This concentrates wealth into fewer and fewer hands. The compounded interest (usury) received by the bankers from money created from nothing thus determines where the money goes and the direction that society moves in. This policy is harmful to society because privately controlled money tends to go into speculation to make a quick buck while infrastructure, health, and education are ignored and shortchanged."
Stephen Clark

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