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Threat from mounting public job losses tested Obama’s economic strategy
Washington Post ^ | April 29, 2012 | By Zachary A. Goldfarb

Posted on 04/29/2012 6:49:05 PM PDT by Oldeconomybuyer

As the economic recovery has struggled to pick up speed, one of the biggest stumbling blocks has been job losses in state and local governments, which have been on the rise for much of President Obama’s term.

Today, as Obama seeks another term, the heavy job losses at the state and local level remain a significant economic concern.

Since the beginning of his term, state and local governments have shed 611,000 employees — including 196,000 educators — according to government statistics. Unlike the recovery in private-sector employment that Obama and his reelection campaign often cite — with businesses adding 4 million jobs since hiring hit its low point in 2010 — the jobs crisis at the state and local level has continued throughout his term.

The state and local job losses are significant for several reasons, economists say. For one, these losses have a broad social impact. Laying off teachers means larger class sizes and fewer after-school programs, for example.

What’s more, federal aid can go directly to state and local governments to prevent job losses, a relatively effective way to sustain economic growth. (Tax cuts, by contrast, can lead indirectly to job growth if they increase the amount of money consumers spend.)

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: failure; obamanomics; socialism; unions

1 posted on 04/29/2012 6:49:18 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

E-mail from unknown stating truths, as far as I can tell.

Look carefully at the 2014 rate compared to the 2013 rate. For those
of you who are on Medicare, read the following. It’s short, but
important and you probably haven’t heard about it in the Mainstream
News:

“The per person Medicare Insurance Premium will increase from the
present Monthly Fee of$96.40, rising to:

$104.20 in 2012
$120.20 in 2013
And
$247.00 in 2014
These are Provisions incorporated in the Obamacare Legislation,
purposely delayed so as not to confuse the 2012 Re-Election Campaigns.
Send this to all Seniors that you know, so they will know who’s
throwing them under the bus.

REMEMBER THIS IN NOVEMBER 2012 AND
VOTE!!!
From now thru November 2012 this
should be required weekly or at least monthly
Reading - BY ALL WHO VOTE!!!

Did you notice who Obama threatened when he wasn’t getting his way on
raising the debt ceiling?
He threatened to not pay: Social Security Retirees, Military Retirees,
Social Security disability and Federal Retirees.

Now.. Let this sink in really good -
He did not threaten to stop payments to illegal aliens
He did not threatened to take frivolous benefits such as Internet
access away from violent inmates
He did not offer to fire some of the thousands of unnecessary federal
employees that he hired
He did not offer to cut down on his or his wife’s frivolous
gallivanting around
He did not threaten to not pay the senators and representatives or any
of their staff
He did not threaten to take benefits away from welfare recipients
He did not threaten the food stamp programs
He did not threaten to not pay foreign aid
He did not threaten to cut back on anything that involves his base voters
He did not stop federal emloyees from flying 1st class asand make them fly economy.

The list could go on and on. He is in full political re-election
mode! Why are we allowing this person to destroy this wonderful country with his selfishness and his lies? His type of change is killing our country.


2 posted on 04/29/2012 6:52:53 PM PDT by TribalPrincess2U (Anyone not wanting an ID or purple thumb to vote isn't worthy of voting privilege.)
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To: Oldeconomybuyer

Here in NJ we’ve been fortunate, laying off many cops, firemen, and teachers; Obama’s attempts to steer funds to their unions were thwarted by our governor’s tax cap. Early lame attempts by Obama to keep these workers on the public teet failed because there was no ongoing funding; as the fed funds dried up, state & local funds couldn’t produce the needed revnues to keep the gravy train going (with no additional revenue sources - you can’t squeeze blood from a stone).

Those laid-off workers are screwed; there won’t be demand for their skill sets here in NJ for decades. The senior workers in those jobs often top $100K annually, and have little incentive to retire.


3 posted on 04/29/2012 6:53:49 PM PDT by kearnyirish2
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To: Oldeconomybuyer

“one of the biggest stumbling blocks”

Is the B O in the WH.


4 posted on 04/29/2012 6:53:58 PM PDT by Leep (Enemy of the Statist)
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To: Oldeconomybuyer

http://www.youtube.com/watch?v=3h8O7V-WxWQ


5 posted on 04/29/2012 7:10:30 PM PDT by gov_bean_ counter (Sarah Palin: More miles per sound bite than the closest competitor...)
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To: TribalPrincess2U

Snopes says that’s bogus - http://www.snopes.com/politics/medical/medicare.asp


6 posted on 04/29/2012 7:11:30 PM PDT by Ken H (Austerity is the irresistible force. Entitlements are the immovable object.)
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To: Oldeconomybuyer

Poor Washington Post crying for all the lost government jobs. Each reduction in a government job increases funds for the private sector and helps the economy improve. It also reduces the power of the GD Communists who take over too many reins of power at every level. I say hooray for all the loses in government jobs. May thet continue unabated and maybe even accelerate!


7 posted on 04/29/2012 7:17:31 PM PDT by WashingtonSource
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To: Oldeconomybuyer

“Threat from mounting public job losses tested Obama’s economic strategy”

Obama’s “economic strategy”? Who the hell are we kidding?


8 posted on 04/29/2012 7:25:17 PM PDT by jivin gene (Breakin' up is hard to do)
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To: Oldeconomybuyer
Interesting.

I live in SoCal:

The pot holes continue to deepen and previously initiated road work ontinues, at about 1/3 speed.
The planned for, and partially funded, "natural" recreation center (on otherwise condemned land) has died and libraries are being closed.
As far as I know, no clerks or functionaries have been laid off.
No one has lost a nickle of welfare.
City officials continue to collect salaries and get raises.
The entire state continues to race toward bankruptcy.

What's not to like?

9 posted on 04/29/2012 7:27:37 PM PDT by norton
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To: Oldeconomybuyer
... heavy job losses at the state and local level remain a significant economic concern.

NOT WITH THIS VOTER, they don't. Frankly, they are not heavy enough. Fire the lot of them.

10 posted on 04/29/2012 7:29:56 PM PDT by ProtectOurFreedom
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To: Leep
“one of the biggest stumbling blocks”

I caught that too.

I wonder if the author's nickname is "Wrong Way", because he's headed in the wrong direction on having any economy left.

He's got to get off his tuckus and find real data, not just use failed DNC/WH/Communist/Socialist/Fascist talking points.

11 posted on 04/29/2012 7:30:13 PM PDT by Calvin Locke
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To: Oldeconomybuyer
OK, let me see if I have this straight. The economy isn't recovering because we don't have enough government union-thug jobs with gold plated benefits and retirement?
12 posted on 04/29/2012 7:33:20 PM PDT by 867V309
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To: norton

“The pot holes continue to deepen and previously initiated road work ontinues, at about 1/3 speed. The planned for, and partially funded, “natural” recreation center (on otherwise condemned land) has died and libraries are being closed.”

This is the way public servants punish the public when it doesn’t pay enough taxes.


13 posted on 04/29/2012 7:39:28 PM PDT by ModelBreaker
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To: 867V309

Exactly! Seems to me the simple solution is to raise taxes and get those government workers back on the payroll so we can “continue” The Recovery. Heck, REALLY raise them so we can ADD public workers and we’ll look like the Roaring Twenties again!


14 posted on 04/29/2012 8:00:09 PM PDT by 21twelve
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To: kearnyirish2

You can bet that the Human Rights councils, the LGBT affairs offices, and the Sustainability departments will be absolutely untouched. So, the police, firemen, emergency response personnel, and even the sanitation and road engineers will bear the brunt of the layoffs, until they hurt; then, citizens will BEG for a tax increase. This is the modus operandi of blue states and cities.


15 posted on 04/29/2012 8:45:43 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: TribalPrincess2U

Rest assured I will vote in November.
It will be for a conservative.
If the Republicans run one, then that will be the conservative I vote for.
If they run Romney, then it won’t.


16 posted on 04/29/2012 9:45:29 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Oldeconomybuyer

“As the economic recovery has struggled to pick up speed, one of the biggest stumbling blocks has been job losses in state and local governments,”

Yeah, government employment loss is a stumbling block to economic recovery.

I’ll comment further when I can stop laughing.


17 posted on 04/29/2012 9:47:10 PM PDT by headstamp 2 (Liberalism: Carrying adolescent values and behavior into adult life.)
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To: Oldeconomybuyer

Obama has an economic strategy?????


18 posted on 04/29/2012 10:38:26 PM PDT by Jack Hammer
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To: The Antiyuppie

The teachers fared bette then the police & fire (stronger union), but even some of them were cut loose. It is unsustainable. The roads are already crap because of the retirement costs of the road maintenance guys who retired 20 years ago; you’d think you were driving in Mogadishu.


19 posted on 04/30/2012 3:05:35 AM PDT by kearnyirish2
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To: Jack Hammer

You bet he has - to drive a stake through the heart of capitalism.


20 posted on 04/30/2012 3:21:05 AM PDT by monocle
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To: Ken H

Of course Snopes would say that.
I’ll take my own eyes and ears over Snopes any day.

Rest assured Medicare WILL go up, just as my benefits have gone down.


21 posted on 04/30/2012 6:22:08 AM PDT by TribalPrincess2U (Anyone not wanting an ID or purple thumb to vote isn't worthy of voting privilege.)
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To: TribalPrincess2U
Of course Snopes would say that. I’ll take my own eyes and ears over Snopes any day

Is Snopes wrong when it says that premiums are not going to $247/mo in 2014?

Rest assured Medicare WILL go up, just as my benefits have gone down.

That's not the same thing as buying into an email rumor that says premiums will more than double in 2 years.

22 posted on 04/30/2012 1:53:21 PM PDT by Ken H (Austerity is the irresistible force. Entitlements are the immovable object.)
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To: Ken H

Yeah? Put this on your calendar and we’ll see in 2 years.


23 posted on 04/30/2012 2:14:50 PM PDT by TribalPrincess2U (Anyone not wanting an ID or purple thumb to vote isn't worthy of voting privilege.)
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