Obama To Announce New Stimulus Cash For Jobs Today

[babylonsister]

http://tpmdc.talkingpointsmemo.com/2010/01/obama-to-announce-new-stimulus-cash-for-jobs-today.php?ref=fpa

Obama To Announce New Stimulus Cash For Jobs Today
Christina Bellantoni | January 8, 2010, 7:52AM


A White House official tells TPMDC that President Obama today will speak about some new stimulus funds today when he addresses the latest jobs figures.

Obama will announce some new funding from the $787 billion economic stimulus plan will go to clean technology manufacturing jobs, the official said.

The funds will be awarded to deserving projects that will support tens of thousands of high quality clean energy jobs and the domestic manufacturing of advanced clean energy technologies including solar, wind and efficiency and energy management technologies," the official said.

[tabatha]

1. Great - best place to put money.

And how can anyone oppose job creation.

[FreakinDJ]

4. By not changing Corp Tax Structure - jobs still go overseas

Sorry - I am not in the Anti-Obama camp by any means, but until the American Lawmakers addresses Tax policies that promote the "Off-Shoring of Jobs" we will continue to hemorrhage jobs at an alarming rate


There is indeed a tax break for US-based multinational corporations to locate operations overseas. Bush isn't to blame for it -- it's been there for decades. It's also true that Bush doesn't support Kerry's proposed remedy, which is controversial.
http://www.factcheck.org/kerry_blames_corporate_tax_code_for_shipping.html

[OnionPatch]

10. Yup, they're working hard to find a way to offshore every job they can.

Why pay an American, when you can harness slave labor instead? If anyone thinks they're going to stop at low-skilled manufacturing jobs, you're dreaming. Already they're sending most of our tech jobs overseas and desperately searching for any other way they can to exchange American workers for desperate, low paid workers in countries with lax labor and environmental laws......your job is next. And I'm betting in our "new economy" we'll see "Made in China" stamped on the solar panels and windmills.

[Lost4words]

2. well lets see, he has been in office since Jan 09,

the country needed this ASAP and here we are 1 year later. But we saved the banks, thanks to this admin.

for my family we are in Bush's third term.

[babylonsister]

3. You must have missed this...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x113423

and this:

http://www.washingtonmonthly.com/archives/individual/2009_12/021230.php


STIMULUS JOBS.... The White House has done its own reporting on how many jobs have been created or saved by the economic recovery package, but the Congressional Budget Office believes it has a more comprehensive tally. The CBO's analysis, I suspect, will be welcome news in the West Wing.

The Congressional Budget Office late Monday said it estimates that the federal stimulus package sustained between 600,000 and 1.6 million jobs in the third quarter, and raised gross domestic product by 1.2 to 3.2 percentage points higher than it would have been without the program.

The CBO said the figures were estimates made "using evidence about how previous similar policies have affected the economy and various mathematical models that represent the workings of the economy."

There's obviously a big difference between 600,000 and 1.6 million -- a million jobs, to be exact -- but either way, the CBO results bolster the administration's argument. The recovery efforts have created jobs, generated economic growth, and prevented unemployment from becoming much worse.

What's more, as Ryan Grim noted, the CBO count "could be a tremendous underestimate," because its analysis "doesn't take into account the possibility that the economy might have fallen off a cliff if the stimulus hadn't been passed, with world markets panicking and employers continuing to eliminate jobs at an eye-popping pace."

Update: The House Committee on Education & Labor added, "The report also reinforces that the estimates only capture jobs created by direct spending -- they do not measure the 'spillover effect' of jobs created or saved indirectly due to higher incomes or increased demand for goods and services."

[Lerkfish]

9. and I guess you missed this

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4216186&mesg_id=4216186

[babylonsister]

11. Actually, I didn't, which is why this OP is more than timely.

More jobs do need to be created, and the President is trying to do that.

[FreakinDJ]

12. Nothing will change until the Corp Tax Code is changed

[Lerkfish]

19. well, thats great if your a green technology scientist

a regular worker, not so much

[Teaser]

6. seek medical help

you seem unable to remember last years massive stimulus package.

This may be the sign of a stroke, or several mini-strokes.

[depakid]

8. He or she's just telling you how it seems

Perhaps the person needing medical help help grasping the fact that half measures aren't working for a lot of folks might be found in the mirror.

[Lost4words]

16. thank you for your empathy re my post,

You see between my age and the length of time without work its becoming apparent to me that even with a full job recovery, I, in all likelihood, wont be one of the employed. After years of working and saving and doing all the correct things I am now in a boat with no Ins, no job, savings gone and no retirement.

I will/would go anywhere and live in a tent for a job, any job, but I get no offers. So its pretty bad for this former IT manager.

For those who understand or even try to understand the plight I and so many others are in, I Thank You, for those who feel I need medical attn, well I am actually seeing someone for my mental well being. So you can all be happy. I hope none of you make it to where I am today.

this economy has/will damage some of us to a point of no return, just watch the news.

[northernlights]

25. you are not alone, Lost4words

a lot of people did not survive the high tech crash intact, or anything like it. And I sort of resent the way they media keeps talking about the jobs needed to bring us back to '07 levels, as if the high tech crash and the jobless recovery never happened...

Back in '03, when it was clear hi-tech and my old job were not coming back and W was about to take the final step to our destruction by attacking Iraq, I packed my bags and moved to a rural village with a very low cost of living. I had no contacts here, no family, no friends, no job, but my life savings.

My savings are now depleted and I was suckered into the student loan system (instead of dumping my house and paying cash back in '07 like I planned -- my mistake), before a company came to town looking for a place with educated, cheap labor. I now make $11.80/hour part time taking phone calls, but it's keeping us fed and almost warm...for the moment. By summer, it'll be anyone's guess, but not looking promising... All I know at this point is they've unexpectedly cut off the student loans for a bunch of us...just 1 year before we finish the Med Lab Tech program (there's a worldwide shortage of lab techs) and with other way to finish it (do they really expect us to do 40 hour/week clinicals for 5 months, complete with additional projects and exams while working to support ourselves?). Robbed again...this time by the state university.

I may try to dump my house at foreclosure price (there are now pages of foreclosures in this area), bringing my losses to about 2/3-3/4 of my life savings by the time I pay off the student loans. Considerably downsized from my 3 room condo that I sold in '03 and approaching my late-50s with no retirement savings at all left.

[Lost4words]

17. you mean the bailout of AIG & Citibank & B of A

yea that was great

[izzybeans]

23. Who bailed out aig again?

[SpartanDem]

24. Do you even know the difference between ARRA and TARP

[Lost4words]

28. do you know how to GFY?

[SpartanDem]

29. No, but you know how to make yourself look like an ass

It's not my fault you look liked a fucking idiot confusing TARP and the ARRA

[midnight]

5. There needs to be money ASAP for our nurses...... Our hospitals are not running

with adequate staffing.....

[FreakinDJ]

13. There is SO MUCH MONEY in Healthcare right now

it is crazy.

Multiple $Billion dollar Hospital projects in the SF Bay Area alone.

[mucifer]

14. the problem is the hospital industry spends money on constantly constructing new

and "better" hospitals while they lay off staff and cut important programs , the few patients who are allowed to be admitted get private rooms and flat screen tvs. It's messed up priorities and it pisses me off.

[NJmaverick]

7. This is a very good idea

[fasttense]

15. None of this money going to manufacturing green technology will do any good

for unemployment in the US unless there are Buy America restrictions on it.

The money will just be funneled over to China, Japan, and India through multinational corporations if restrictions like Buy America are NOT put on it.

[SpartanDem]

20. There are buy american restrictions

[DisgustedInMN]

18. Whooptie-fucking-do

FDR put more AMERICAN CITIZENS back to work in his first 30 days in office that Barack has done in a FUCKING YEAR.

Let me know when I get an interview for a job scheduled and I'll be impressed. Almost 2 years, and not a single nibble. And Barack hasn't done a goddamn thing to improve it.

[Cha]

30. Sorry, you're having such a bad time.

Presient Obama is helping a lot of people and our country.

Again, Sorry, you're so bitter.

[Clio the Leo]

21. Kick. NT

[freddie mertz]

22. A start is better than nothing, but it is awfully late.

I wish I could be more optimistic, but I expected a lot more a lot sooner.

[RepublicanElephant]

26. k&r nt

[inthebrain]

27. Good ole trickle down economics

Yup, I suppose this is the "Cange you can believe in". Mainly cause you can't prove that it's actually happening. You have to rely on faith that it is happening.

Funny how these projects can't be government controlled so that the workers, who are also paying for the research, can directly profit off them and have an equal stake in them. NOOOOOO we have to insure that those that don't produce jackshit or provide anything of value to society profit as well.

The layoffs are not a result of a natural downturn in the economy. They are a result of cutting workers to increase productivity (which has gone up 60%) and profitibility for the sponges.