Get the facts: https://my.barackobama.com/jobsgraphad After taking office, President Obama signed the Recovery Act to help get our economy back on track. As a result: -The U.S. has seen 22 consecutive months of private-sector job growth. -The private sector added more than 3.1 million jobs over those 22 months,. -Manufacturing added 334,000 jobs in the last two years, the first time since 1997 that manufacturing employment rose. -The President passed legislation to create jobs and supporting working Americans, including: -A payroll tax cut for all working families, providing the average working family with a $1,000 tax cut in 2011. -Expansion of small business loan programs to help small business access credit and create jobs. -Initiatives to help veterans transition to post-service careers. -Tax incentives for businesses that hire unemployed veterans. The President's decision to provide emergency loans to the auto industry: -Saved more than 1.4 million American jobs. -Prevented personal income losses over two years of more than $96 billion. -Helped make the big three (Chrysler, GM, and Ford) all profitable for the first time in years.
Just in Case you Have Been Misled about Obama and Jobs Creation, Watch this Video and Read the Accompanied Text
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- Public Discussion (40)
Pretty soon the GOP is going to start claiming that it was Dubya Bush who created all those jobs in 2009 and 2010. They haven't figured out the verbage just yet, but trust me, they will!
They're almost desperate enough to reclaim Bush!
- 3 votes
Hell, they could say that on fox news with no proof and probably 30% of america would be stupid enough to believe it without any kind of evidence whatsoever.
- 1 vote
30% is better than the 90% that watch MSNBC and believe their bull@!$%#.
the facts though relevant, will have no bearing on our opinions...
- 2 votes
That's not all. In each of the fiscal years President Obama has been responsible for, the deficit has declined, and in this current one is expected to drop by a whopping $400B and go below $1T for the first time in 4 years. Once again, it takes a Democratic president to come in and put our fiscal and economic houses in order. The Republican worship of failure, on the other hand, has never been more fervid.
- 3 votes
Lassen are those figures before the 1.3trillion debt limit increase a few months ago, or before the additional 1.3trillion they want this year?
I didn't say anything about the debt much less suggest that it's going down. The key to getting control of the debt is getting deficits to drop without crashing the economy and that's what's happening now. I did misstate the facts a bit though. The last time deficits were on a downward trend was when Clinton was president, so President Obama is the first president since 2001 to see deficits fall.
- 2 votes
So in English, if I can't afford my house payment, car payment, utility bills, or put food on the table, and don't have any income coming in to satisfy these debts, all I need to do is borrow more money until I can afford them.? Common sense tells me you can't borrow and spend your way out of debt, but when has common sense ever been a part of Government planning.
Well, you can starve to death naked in the cold somewhere if you prefer. Thing about republicant "common sense": it drives this country off the cliff every time it gets a chance.
- 2 votes
Common sense tells me you can't borrow and spend your way out of debt,
Isn't that exactly what the big 3 car companies did? Isn't that the very idea of a business loan?
You use the money you've borrowed to try and make a more profitable future, and then you can pay it off.
- 1 vote
Dream on. By the way Ford didn't follow your business model, and they now lead the pack, in the US, and very possibly worldwide now.
Dream on.
What a great rebuttal there. You've shown how taking loans to then pay off debt hasn't worked. I'm seriously not being sarcastic here (Yes I am).
By the way Ford didn't follow your business model, and they now lead the pack, in the US, and very possibly worldwide now.
Way to tiptoe around that it worked for the other two - it's totally not obvious.
And they supported the bailout model. They asked for money.
They even later took out taxpayer-subsidized loans.
http://www.msnbc.msn.com/id/44735499/t/ford-ceo-pressed-explain-anti-bailout-ad/#.TyGgQYHTYyA
the No. 2 U.S. automaker did receive a subsidized $5.9 billion loan from the U.S. Energy Department that helped reduce borrowing costs.
They are still in debt. They took out a taxpayer loan. Anything to say?
- 1 vote
Excellent seed! Clipping to my column and a few other groups! :)
- 1 vote
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