hipeter924
Not a zombie yet
Because if you are creating millions of low paid part-time jobs, they might be 'jobs' but they are not a replacement for the high paid jobs lost in the recession.Cut out the parts of the speech I found were repetitive:
Claim: "Tonight, after a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1999. Our unemployment rate is now lower than it was before the financial crisis."
Reality: Job growth is at the cost of lower wages, meaning that the jobs being created are low-wage jobs that aren't going to fix inequality or poverty: http://www.nytimes.com/2015/01/10/business/economy/jobs-unemployment-figures-december.html?_r=0
But a drop in average hourly earnings last month, after a healthy gain in November, sidetracked hopes that a tighter labor market was beginning to lead to broader wage gains.
Claim: "Tonight, for the first time since 9/11, our combat mission in Afghanistan is over."
Reality: The US still has financial obligations to Afghanistan - to the tune of billions of dollars a year, alongside training and whatever else the US decides to fund in Afghanistan. It is hardly 'over':
Claim: "Today, fewer than 15,000 remain"State and USAID: The FY 2014 civilian foreign assistance request of nearly $2.2 billion for Afghanistan
Reality: Which is still boots on the ground. And keep in mind that the administration puts people in 'support roles' or training Afghan forces, which it doesn't count as boots on the ground.
Claim: "At this moment – with a growing economy"
Reality: Don't mention the middle class is not getting any richer: http://www.nytimes.com/2014/04/23/u...le-class-is-no-longer-the-worlds-richest.html
“The idea that the median American has so much more income than the middle class in all other parts of the world is not true these days,” said Lawrence Katz, a Harvard economist who is not associated with LIS. “In 1960, we were massively richer than anyone else. In 1980, we were richer. In the 1990s, we were still richer.” That is no longer the case, Professor Katz added.
Median per capita income was $18,700 in the United States in 2010 (which translates to about $75,000 for a family of four after taxes), up 20 percent since 1980 but virtually unchanged since 2000, after adjusting for inflation. The same measure, by comparison, rose about 20 percent in Britain between 2000 and 2010 and 14 percent in the Netherlands. Median income also rose 20 percent in Canada between 2000 and 2010, to the equivalent of $18,700.
Claim: "shrinking deficits"
Reality: Only for 2015 (-469), and it is expected to increase in 2016 (-556) onwards. So clearly a misrepresentation: An Update to the Budget and Economic Outlook 2014 to 2024 Congressional Budget Office
Claim: "We believed we could reverse the tide of outsourcing"
Reality: It hasn't reversed: 2 000 jobs threatened as United mulls outsourcing at 28 U.S. airports - Fortune
United Airlines is assessing whether to outsource jobs at airports around the country in a cost-cutting effort that could affect some 2,000 workers.
Claim: "and draw new jobs to our shores."
Reality: Jobs that pay less than before the recession: Report New Jobs in U.S. Offer Lower Wages Than Before Recession - Businessweek
The recovery has been disappointing from the perspective of pay. From early 2010 through mid-2014, while the economy gained a little more than 9 million jobs, the fastest growth came in the low-paying accommodation and food sector; this year the average annual wages in the sector are just under $21,000.
Claim: "And over the past five years, our businesses have created more than 11 million new jobs."
Reality: Which are only part-time, and can barely pay the bills: More Americans are stuck in part-time work - The Washington Post
But the spike in part-time work since the recession has been largely involuntary. These workers may have had their hours cut or are unable to find full-time jobs, earning them the official designation of “part-time for economic reasons.” In June, their ranks swelled by 275,000 to 7.5 million. In 2007, 4.4 million people fell into this category.
Claim: "And today, our younger students have earned the highest math and reading scores on record. Our high school graduation rate has hit an all-time high. And more Americans finish college than ever before."
Reality: According to the OECD, US graduation rates only grew by 7% in 2012, but the OECD average is 11%. 42% of 55-64 year old Americans have a university level education. It is 44% in Canada, 47% in Israel, and quite surprisingly 49% in Russia.
Claim: "We believed that sensible regulations could prevent another crisis"
Reality: Financial regulation has been cut in small pieces throughout 2009-2014: Financial crisis The banking rules that died by a thousand small cuts - Fortune
In fact, Congress recently weakened The Volcker Rule, which aimed to prohibit some forms of risky trading by banks. And now the Republican-controlled House and Senate vow to further roll back the Volcker Rule and other provisions of the Dodd-Frank financial reform.
Claim: "shield families from ruin"
Reality: Millions of Americans would disagree who lost their homes, when Democrats had control and could have stopped it: 1.2 million households lost to recession - Business - Eye on the Economy NBC News
Brown represents one of the more than 1.2 million households lost to the recession, according to a report issued this week by the Mortgage Bankers Association that looked at data between 2005 and 2008. That number doesn’t include information from 2009, when job losses and foreclosures continued to rise.
So it's likely that the full impact of the 8.4 million jobs lost and nearly three million homes foreclosed on since the recession began has taken an even bigger toll on the number of American households.
Claim: "and encourage fair competition"
Reality: Would have to agree partly on this one as consumers seem to believe they are better off, but the net neutrality ruling would have many disagree:
At Last More Consumers Say They Are Better Off Than a Year Ago Than Worse Off - Real Time Economics - WSJ
Claim: "Today, we have new tools to stop taxpayer-funded bailouts"
Reality: The US budget did the reverse, and to think he claimed to be 'against it': Congressional budget welcomes big bank bailouts once more despite White House opposition Business The Guardian
The new budget provision once again acts as a promise that taxpayers will foot the bill for risky trading and speculation, Kelleher said.
“If things go wrong, [the banks] get to run to the Fed for bailouts. That’s incredibly valuable to them,” he said.
The surprise in the budget move is that everyone but banks considered the matter already settled.
The Dodd-Frank rule dictated that banks would have to find new homes for their risk-taking unit to prevent them from taking risks with customer deposits. Even so, mistakes occurred.
Claim: "And in the past year alone, about ten million uninsured Americans finally gained the security of health coverage."
Reality: Which was still substandard, and none of the major underlying issues with the healthcare system were fixed: Obamacare Good bad and ugly The Economist
But Obamacare tackled only half of the problem. American health care, warns Mr Brill, is still jeopardised by “the broken economics of the marketplace”. Doctors are rewarded for performing useless procedures, while insurers pay for as little as possible, and hospitals gouge those without coverage. The author has his own plan for reform that involves encouraging the country’s big health systems to expand and offer their own insurance. This, he writes, would eliminate the incentive for doctors and hospitals to run up costs (as they would be on the hook for them) and cut out the insurance-company middleman that wants to skimp on care.
Just the first two I found interesting so I'll quote them.
Claim: "Tonight, after a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1999. Our unemployment rate is now lower than it was before the financial crisis."
Reality: Job growth is at the cost of lower wages, meaning that the jobs being created are low-wage jobs that aren't going to fix inequality or poverty: http://www.nytimes.com/2015/01/10/business/economy/jobs-unemployment-figures-december.html?_r=0
Our economy is growing and creating jobs at the fastest pace since 1999 and in your "reality" it mentions nothing about the pace of job creation HUH?
laim: "Tonight, for the first time since 9/11, our combat mission in Afghanistan is over."
Reality: The US still has financial obligations to Afghanistan - to the tune of billions of dollars a year, alongside training and whatever else the US decides to fund in Afghanistan. It is hardly 'over':
Our combat mission is over. In your "reality" it doesnt address the combat mission at all....?
It kinda goes on like that. I say I like Pie and your reality says "But you had cake once"
By your logic if 11 million jobs were created cleaning toilets it is 'progress', even though half of that number might have been teachers, stock traders, computer programmers, and so on. Making more wage slaves is nothing to celebrate.
It isn't 'over' in Afghanistan, just like Iraq isn't 'over'. Combat operations are still happening, as well as training Afghans/Iraqis, and sorry but 15,000 troops does not equal zero, nor does 9000.