Boehner’s “job creation” plan would result in a loss of one million jobs nationwide

[JohnWxy]

http://www.epi.org/publications/entry/news_from_epi_boehners_job_creation_plan_would_result_in_a_loss_of_one_mill

A new Economic Policy Institute analysis of Republican House Minority Leader John Boehner’s recently-proposed two-step job creation plan finds that it would have a net job impact of one million fewer jobs nationwide. Boehner’s plan, which calls for a cut in non-security-related spending to fiscal year 2008 levels and a two-year freeze on all current tax rates, would drastically reduce the budgets of basic human needs and investment programs while extending the Bush tax cuts for the wealthy. At a cost of one million jobs, this plan would reduce the deficit by a negligible amount – less than 5.5% in 2011. If his proposed tax policies are made permanent, as he has advocated, it would significantly worsen the long-term budgetary outlook.


HOW TO LOSE OVER A MILLION JOBS Sacrifice Investments to Cut Taxes for the Rich

Republican House Minority Leader John Boehner recently proposed a two-step job creation plan consisting of
a full extension of Bush-era tax changes and cuts to domestic spending. His plan calls on Congress to cut
non-security related spending back to fiscal year 2008 levels and to enact a two-year freeze on all current
tax rates.1

Rep. Boehner claims these two policies will drive job growth more than any proposal of President Obama’s. However,
we find that this proposal would have a devastating impact on the struggling U.S. labor market while negligibly
improving the fiscal outlook.

Specifically, we find:

• Relative to the president’s budget request, the plan would reduce funding for domestic programs—which include
investments in infrastructure, education, and research—by 22.7%, while extending the Bush tax cuts for top earners.2

• The Boehner plan would reduce the defi cit by less than 5.5% in 2011.3

• Because reductions in spending are larger than the tax cuts, and because tax cuts for upper-income taxpayers are poor stimulus, the net job impact of the Boehner plan would be an estimated employment reduction of over 1 million jobs.

[Angry Dragon]

1. boner, he's our man

just so long as he has a job, that is all that is important

[babylonsister]

2. Rec'd. This needs to be reported far and wide. So it won't be. nt

[RKP5637]

3. The Orange Boner speaks again! n/t

[Enthusiast]

4. This comes as no surprise...nt

[mikekohr]

5. Here Is the 65 Year Ugly Republican Record Of Job Creation

http://2.bp.blogspot.com/_mHSyEv8vBt4/S6Zvl-nui8I/AAAAAAAAACQ/3j0wUSj78mk/s640/Job+growth+graph.jpg?

Many Americans are aware that George W. Bush has had the worst job creation record since the government began tracking these figures in 1939. But Bush's colossal failure to manage the economy overshadows a much larger story.



The record shows two unmistakable patterns:
Every time a Republican succeeds a Democrat in the White House, the job creation rate plummets.
Every time a Democrat succeeds a Republican in the White House, the job growth rate soars. Every time! No exceptions!


Over the last seventy years, the decrease in monthly job creation when a Republican succeeds a Democrat is 68,913

Considering the steady growth in population of the United States during this time frame the job creation rate should steadily increase each month (currently it must grow by 138,000 per month to keep up with population growth). This trend only manifests itself when examining Democratic administrations:

Listed below is the average job growth increase for all terms served:

http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?


By: mike kohr Graphics by: Bonny Kohr

http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/