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Rep Dennis Kucinich on how to create jobs in America

hvactec

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[ame=http://www.youtube.com/watch?v=dYLK8ssVnRQ]*Countdown with Keith Olbermann - Kucinich on how to create jobs in America - YouTube[/ame]
 

Truthseeker420

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Dennis Kucinich is right on.
 

blastoff

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Way to go, Denny. Ratchet up that government spending again, and you'll guarantee the community agitator in chief is back in Hyde Park in Jan. '13, applying for his Habitat for Humanity tool belt.
 

midcan5

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The comments on FDR were right on, it seems he was the last great democratic and even American president for all the people. Today we have corporate stooges.

We seem to be repeating history, see a bit of the period before great depression below. Under it are the accomplishments of FDR.

"Over the decade, about 1,200 mergers will swallow up more than 6,000 previously independent companies; by 1929, only 200 corporations will control over half of all American industry.
By the end of the decade, the bottom 80 percent of all income-earners will be removed from the tax rolls completely. Taxes on the rich will fall throughout the decade.
By 1929, the richest 1 percent will own 40 percent of the nation's wealth. The bottom 93 percent will have experienced a 4 percent drop in real disposable per-capita income between 1923 and 1929.
The middle class comprises only 15 to 20 percent of all Americans.
Individual worker productivity rises an astonishing 43 percent from 1919 to 1929. But the rewards are being funneled to the top: the number of people reporting half-million dollar incomes grows from 156 to 1,489 between 1920 and 1929, a phenomenal rise compared to other decades. But that is still less than 1 percent of all income-earners.
1922
The conservative Supreme Court strikes down federal child labor legislation.
1923
President Warren Harding dies in office; his administration was easily one of the most corrupt in American history. Calvin Coolidge, who is squeaky clean by comparison, becomes president. Coolidge is no less committed to laissez-faire and a non-interventionist government. He announces to the American people: "The business of America is business."
Supreme Court nullifies minimum wage for women in District of Columbia.
1924
The Ku Klux Klan reaches the height of its influence in America: by the end of the year it will claim 9 million members. It will decline drastically in 1925, however, after financial and moral scandals rock its leadership.
The stock market begins its spectacular rise. Bears little relation to the rest of the economy." Timeline of the Great Depression

and FDR's accomplishments:

"The conservative economic policies of the 1920s -- low taxes, little regulation, lack of anti-trust enforcement -- did nothing to stop the August recession and the October stock market crash.
Hoover kept the Federal Reserve from expanding the money supply while bank panics and billions in lost deposits were contracting it. The Fed's inaction was the reason why the initial recession turned into a prolonged depression.
The economy continually sank throughout Hoover's entire term. Under Roosevelt's New Deal, it rose five out of seven years.
Attempts to blame Big Government for the Depression do not withstand serious scrutiny. The Smoot-Hawley Tariff had a minor impact because trade formed only 6 percent of the U.S. economy, and reducing trade gave Americans only that much more money to spend domestically. Hoover's other attempts at government intervention came mostly during his last year in office, when the Depression was already at its depth.
The first nations to come out of the Great Depression -- Sweden, Germany, Great Britain, and then everyone else -- did so after they adopted the Keynesian solution of heavy deficit government spending.
Keynesian economic policies have eliminated the depression from the world's economies in the six decades that have followed."


Summary
 

editec

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Although I pretty much agree with most of what he is saying here, when Dennis started supporting Obama's HC bill he lost my respect.

WE want to put American back to work?

TARIFFS = FAIR TRADE.

America has thrown 30,000,000 jobs to other nations in the last thirty years.

And after thirty years, this idiotic policy has finally pooched the economy.
 

CrusaderFrank

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The comments on FDR were right on, it seems he was the last great democratic and even American president for all the people. Today we have corporate stooges.

We seem to be repeating history, see a bit of the period before great depression below. Under it are the accomplishments of FDR.

"Over the decade, about 1,200 mergers will swallow up more than 6,000 previously independent companies; by 1929, only 200 corporations will control over half of all American industry.
By the end of the decade, the bottom 80 percent of all income-earners will be removed from the tax rolls completely. Taxes on the rich will fall throughout the decade.
By 1929, the richest 1 percent will own 40 percent of the nation's wealth. The bottom 93 percent will have experienced a 4 percent drop in real disposable per-capita income between 1923 and 1929.
The middle class comprises only 15 to 20 percent of all Americans.
Individual worker productivity rises an astonishing 43 percent from 1919 to 1929. But the rewards are being funneled to the top: the number of people reporting half-million dollar incomes grows from 156 to 1,489 between 1920 and 1929, a phenomenal rise compared to other decades. But that is still less than 1 percent of all income-earners.
1922
The conservative Supreme Court strikes down federal child labor legislation.
1923
President Warren Harding dies in office; his administration was easily one of the most corrupt in American history. Calvin Coolidge, who is squeaky clean by comparison, becomes president. Coolidge is no less committed to laissez-faire and a non-interventionist government. He announces to the American people: "The business of America is business."
Supreme Court nullifies minimum wage for women in District of Columbia.
1924
The Ku Klux Klan reaches the height of its influence in America: by the end of the year it will claim 9 million members. It will decline drastically in 1925, however, after financial and moral scandals rock its leadership.
The stock market begins its spectacular rise. Bears little relation to the rest of the economy." Timeline of the Great Depression

and FDR's accomplishments:

"The conservative economic policies of the 1920s -- low taxes, little regulation, lack of anti-trust enforcement -- did nothing to stop the August recession and the October stock market crash.
Hoover kept the Federal Reserve from expanding the money supply while bank panics and billions in lost deposits were contracting it. The Fed's inaction was the reason why the initial recession turned into a prolonged depression.
The economy continually sank throughout Hoover's entire term. Under Roosevelt's New Deal, it rose five out of seven years.
Attempts to blame Big Government for the Depression do not withstand serious scrutiny. The Smoot-Hawley Tariff had a minor impact because trade formed only 6 percent of the U.S. economy, and reducing trade gave Americans only that much more money to spend domestically. Hoover's other attempts at government intervention came mostly during his last year in office, when the Depression was already at its depth.
The first nations to come out of the Great Depression -- Sweden, Germany, Great Britain, and then everyone else -- did so after they adopted the Keynesian solution of heavy deficit government spending.
Keynesian economic policies have eliminated the depression from the world's economies in the six decades that have followed."


Summary

FDR was the biggest failure of the 20th Century who kept an entire generation of men unemployed.

FDR US Unemployment 1933: 24.9, 1934: 21.7%, 1935: 20.1%, 1936: 16.9%, 1937: 14.3%, 1938: 19.0%, 1939: 17.2%.

You have to thank Hitler for ending FDR's reign of economic terror
 

Warrior102

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Way to go, Denny. Ratchet up that government spending again, and you'll guarantee the community agitator in chief is back in Hyde Park in Jan. '13, applying for his Habitat for Humanity tool belt.

:clap2:

Agree.

Keep with that "Spread the Wealth" message Dennis. Thanks for reminding us you're all a bunch of Socialists.
 

Mad Scientist

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After waking up to the failure of George Bush and Barack Obama I've warmed up to some of what Kucinich has to say. He's correct on a few points:

Korea and Columbia trade agreements are job losers, just like NAFTA.
Bailouts were for Wall Street not main street.

He loses me on when he says Americans need to get back to work but then suggests that gov't needs to facilitate that with a "new WPA". He says we need to pay for "infrastructure programs" such but leaves out the fact that the Stimulus was supposed to provide for that. Remember "shovel ready jobs"?

He hit the nail on the head when he said the 2012 election is a choice between two Republicans. Obama IS a Globalist Puppet in Democrat clothing.

Kucinich will always have my respect because he's one of the only Congressmen with the balls to talk about impeaching Obama.
 

AquaAthena

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After waking up to the failure of George Bush and Barack Obama I've warmed up to some of what Kucinich has to say. He's correct on a few points:

Korea and Columbia trade agreements are job losers, just like NAFTA.
Bailouts were for Wall Street not main street.

He loses me on when he says Americans need to get back to work but then suggests that gov't needs to facilitate that with a "new WPA". He says we need to pay for "infrastructure programs" such but leaves out the fact that the Stimulus was supposed to provide for that. Remember "shovel ready jobs"?

He hit the nail on the head when he said the 2012 election is a choice between two Republicans. Obama IS a Globalist Puppet in Democrat clothing.

Kucinich will always have my respect because he's one of the only Congressmen with the balls to talk about impeaching Obama.

I do respect him for the same reasons you do. I have long thought he would make a great opponent for Obama in the next election. Of course I wouldn't want to see him win that election. :lol:
 
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Truthmatters

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blastoff

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Bachman took stim money to create jobs in her district.

Really? Care to entertain the class with a little explanation?

She voted against the stimulus, meaning she was clearly opposed to it. So what happened after that, did Barry send her, and other reps, a check or something and she took it back to her district and spent it? Or, if you prefer the lefty euphemism, she took it back to her district and invested it?
 

CrusaderFrank

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waltky

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Return of the WPA?...
:confused:
Infrastructure bank could be part of jobs package
Sep 1,`11 WASHINGTON (AP) - A national infrastructure bank that would entice private investors into road and rail projects could be a major part of the jobs package that President Barack Obama hopes will finally bring relief to the unemployed.
The White House hasn't divulged the contents of the package that Obama is to unveil in an address to a joint session of Congress next week. But the president has pushed the idea of an infrastructure bank in recent speeches and has praised Senate and House bills that create such a government-sponsored lending institution. Whether the bank, which would need time to organize, could have any real impact on the jobs situation in the coming year - and particularly before the November 2012 elections - is in dispute.

Obama seems to think it would. "We've got the potential to create an infrastructure bank that could put construction workers to work right now, rebuilding our roads and our bridges and our vital infrastructure all across the country," he said at a news conference in July. But Janet Kavinoky, director of infrastructure issues at the U.S. Chamber of Commerce, cautioned that "even in the next two years I don't believe the bank is going to be that kind of job creator." The best way to spur job growth in the short term is for Congress to pass long-stalled bills to fund aviation and highway programs, she said.

The Chamber of Commerce strongly supports the infrastructure bank. Kavinoky said the United States is one of the few large countries that lack a central source of low-cost financing for construction projects. But she said it's going to take time to get it running and come up with a pipeline of projects where funds can be invested. Sen. John Kerry, D-Mass., who's sponsoring an infrastructure bank bill, argued that "we have projects all across America that are ready to go tomorrow." He said the bank "could have money flowing in the next year easily."

Michael Likosky, senior fellow at the NYU Institute for Public Knowledge and author of "Obama's Bank: Financing a Durable New Deal," says he is working with transportation agencies in California and New York that "are waiting for the federal government to say they are going to support these projects." A commitment to a national infrastructure bank could also provide a positive spark to financial markets and encourage investment, he said. The bank would supplement federal spending on infrastructure by promoting private-sector investment in projects of national or regional significance. The private sector currently provides only about 6 percent of infrastructure spending.

MORE
 

waltky

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Obama gonna fix it...
:cool:
Obama unveils $447B jobs package
8 Sept.`11 WASHINGTON – President Obama urged Congress Thursday night to pass a surprisingly big, $447 billion jobs package that's intended to spur business hiring and consumer spending in an economy that has sputtered almost to a halt.
The package, more than half the size of Obama's $825 billion economic stimulus plan passed in February 2009, would slash payroll taxes by 50% next year for employees and small businesses, extend unemployment benefits, and create or save jobs for teachers, police and firefighters, and construction workers. "You should pass this jobs plan right away," Obama defiantly told joint session of Congress filled with enthusiastic Democrats and skeptical Republicans. "There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that's been supported by both Democrats and Republicans, including many who sit here tonight. And everything in this bill will be paid for."

The president didn't say how he would pay for his proposals but promised to do so a week from Monday, when he submits a deficit-reduction plan to a congressional committee charged with cutting red ink by at least $1.2 trillion over 10 years. Obama will add at least $447 billion more to the task. The jobs plan includes these main elements:

• Cutting the 6.2% payroll tax paid by both employees and employers to 3.1% next year. This year, only employees got a 2-percentage-point cut. That would cost $240 billion, more than half of the total package.

• Spending $140 billion to save the jobs of state and local teachers and first responders, repair deteriorating schools and rebuild roads, railways and airports.

• Extending jobless benefits to the unemployed, with special emphasis on those out of work at least six months and those in low-income neighborhoods.

MORE

See also:

Politicians can't fix jobs crisis - but companies can
September 8, 2011: Who can solve the jobs problem? Not Republican presidential hopefuls Mitt Romney and Rick Perry or President Obama. Only Corporate America can.
President Obama can't fix the jobs problem. Neither can Rick Perry, Mitt Romney, Michele Bachmann or any of the other Republicans who want Obama's job. So while I'll be eagerly listening to Obama's jobs speech tonight, I'm not getting my hopes up for any plan that will meaningfully add to the nation's payrolls and bring down the unemployment rate. How can Washington afford to do something really significant? The federal government is strapped for cash. Ditto for state and local municipalities. And the consumer.

But do you know who is in good fiscal shape? Many large businesses. It's really up to the companies that actually have cash on hand to finally start hiring more. Or to paraphrase ursine fire safety expert Smokey: Only you can prevent a double-dip recession, Corporate America. Only you. Don't get me wrong. The president, Congress, the Federal Reserve and others in Washington aren't exactly powerless. They can and should try something to help get the economy back on track. But businesses -- not government agencies -- are the true engine of job creation.

Mike Lee, a Republican senator from Utah, said he is reserving judgment on Obama's plan until after he hears the speech tonight. He would prefer, however, if Washington stepped back and let the private market sort out the jobs problem. "If you continue to look to government stimulus spending as the preferred alternative to get the economy going again, you are setting yourself up for disappointment," said Lee, who is also the author of the book "The Freedom Agenda." "If it was reasonable to expect that stimulus could work, you'd see the economy already moving places."

That's a fair argument. But an equally fair retort is that without the previous rounds of stimulus, the economy would now be in worse shape. Still, it's frustrating to see businesses continue to blame Washington for the weak economy. Even if lawmakers relaxed certain federal rules and did more to promote American-made goods, how much would that really help? "I'm sympathetic to calls for regulatory relief and foreign trade deals. But the impact from that would be relatively minor and won't help in the short-term," said Bill Conerly, an economist in Portland, Ore., and senior fellow for the National Center for Policy Analysis think tank.

Focus on technology
 

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