Pelosi: Where Are the Jobs, Mr. President?
August 1, 2003
Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
Pelosi should hire some new staffers. She can't even get a simple graph right. Negative job losses means job gains. If they don't understand this kind of simple things, no wonder the unemployment rate hiked since Pelosi took control of the House.
I think he was referring to the graph professor posted.
I think you misunderstood my post.
November 2006 4.7
Dems take control of the House, Pelosi elected Speaker
December 2006 5.0
January 2007 5.0
4.8 5.1 5.0 5.4 5.5 5.8 6.1 6.2 6.6 6.9 7.4
7.7 8.2 8.6 8.9 9.4 9.5 9.4 9.7 9.8 10.1 10.0
December 2009 10.0
So, playing her game of correlating unemployment to office holders, she has quite a record.
2003....
I thought tax-cuts for the elite spurred job growth....
Tax cuts for the elite?2003....
I thought tax-cuts for the elite spurred job growth....
Are you really that stupid?
The working poor who pay taxes had their marginal rate drop by 33%. From 15% of taxable income to 10%. Some paying the 28% shifted to 15%, other to 25%.
It wasn't only the rich who got tax breaks. Everyone did, Propaganda Dan.
When the tax cuts expire... Will you lib s still be wanting to punish the rich?
I don't like Pelosi any more than any of you, but her complete record also shows a recovery to the levels of when she took office.
Again, the graph does not correlate with when Pelosi made the statement.
Being they're a percent of total income, the biggest savings were effectively for the rich...
Fancy numbers and charts here: link
And just why does that matter?
The rich pay so much more than the rest of us. Contrary to popular believe, they pay a higher percentage than most. Sure, some have huge tax write-off that make their actual percentage less, but so do many in the middle-class.
Sorry, but I cannot stand those who play Class-Warfare games like you. It hurts the moral of all of us.
Look at the facts. Raising tax rates does no good. All it does it take money out of the peoples hands who would put it in the economy somehow anyway. Why the , should the government say how it is put in the economy.
Now as for these jobs. We keep losing more and more jobs. About the only large growth in jobs is government jobs.
More government jobs, less tax payers.... How long can this be sustained? Not long. The demonrats will destroy this nation if we don't get a handle on government spending, and soon.
It matters because you tried to play indignant to somebody that pointed out who those tax cuts where really for.
When you're full of , expect to get called out for it.
Yeah, it's much better to raise user fees like Republicans like to do...raising taxes can also signal to federal lenders that we are taking the national debt seriously, thereby decreasing the cost of future borrowing and creating a stronger dollar and a stronger economic recovery...Look at the facts. Raising tax rates does no good. All it does it take money out of the peoples hands who would put it in the economy somehow anyway. Why the , should the government say how it is put in the economy
No, I was pointing out that everyone got a break.
Question...
Why is the best data you have for the rich tax breaks based on a June 12, 2002 projection?
Just how inaccurate do you think it reflects the actual pattern?
I can tell you with certainty, it doesn't reflect the facts very well. I just found a CBO site database last month that dispels those numbers. I'll find it again if I can.
The Bush tax cuts created a tax-haven for rich corporations
BlogspotThe Tax Foundation knows that the US statutory tax rates (set at 35% for the biggest corporations, but at much lower rates for the majority of corporations that have less than $10 million in assets) are not paid on the full amount of income by corporations, and in fact the effective tax rates (amount of tax paid as a percentage of income earned) are much much lower--enough lower so that the US counts as a tax haven on the tax rates scale.
Further, the US taxes for US businesses are plenty compe ive. Taxes are most likely not the reason they go abroad: it seems to be much more likely that they do so to get away with paying their workers near slave-labor wages rather than enough for a decent standard of living. And even that isn't passed on to customers--it provides the moolah to pay managers ridiculously high salaries and pay rent dividends to shareholders.
Moreover, tax cuts for corporations don't really create jobs. If they did, we wouldn't have had the great recession, since the Bush tax bills included a whole smorgasboard of tax cuts for businesses, including the infamous "American Jobs Creation Act of 2004" that cut corporate rates (almost tax-free repatriation of foreign-earned income, manufacturing deduction that lowered the corporate rate for most US industries, all kinds of tax expenditures for extractive industries, various changes to subpart F that favored corporate taxpayers, bonus depreciation, etc.). If tax cuts for businesses worked, those bills should have resulted in millions upon millions of new jobs. Instead, it looks like most of the benefit of the low-taxed repatriation of profits went to stock buybacks and other manager/owner-friendly provisions, not job creation. IN fact, as pointed out in earlier postings, many of the corporations employing the low-taxed repatriation laid off workers! So much for tax cuts as a way to create jobs.....
Tax havens and tax cuts...always a good idea.
Anyone who decry's tax cuts, for anyone...should be shot. Or at least made to eat prunes.
The Bush tax cuts had the duel effect of increasing debt and increasing unemployment in the private sector, the real-world evidence speaks for itself, but whatever floats your boat
WC, any other wrongie, watcha got as policies to to create 7M jobs your business friends the Banksters destroyed?
Do conservatives have any "policies" other than cut taxes (aka, destroy govt and increase the deficit) and continuous wars (aka, transfer taxpayer wealth to the the corps)?
False. When Pelosi was elected Speaker and the Dems took control of the House, the unemployment rate was bellow 5%. Today, it's about 10%. So, it doubled.
I'm fully aware of that. The OP point was that Pelosi is yet to ask Obama "where are the jobs". I just commented on the chart because I found funny that it has a mistake that I would expect a 12 years old to avoid.
higher tax revenues and higher taxes do not necessarily go hand in hand.
I don't think anything we do will convince the rest of the world we are taking the national debt seriously as long as we keep printing t-bills like they're going out of style.
abolish the federal reserve and go back to some form of real money.
I'm guessing you don't like those ideas though.
...but there is real-world evidence named the Clinton Administration that the higher tax rate does not hurt private-sector job growth...especially on higher income earners...I'm all for leaving the tax-cuts in effect for those families make less the $250K...higher tax revenues and higher taxes do not necessarily go hand in hand.
Don't be so sure...there is a lot of uncertainty out there and people know that the U.S. is a safe place to park their money...don't forget that a lot of the money we've borrowed, we've borrowed from ourselves in future obligations which would be paid either way...I don't think anything we do will convince the rest of the world we are taking the national debt seriously as long as we keep printing t-bills like they're going out of style.
You said in another thread the working poor don't pay any taxes.
Make up your mind.
I believe that's precisely the plan.It wasn't only the rich who got tax breaks. Everyone did, Propaganda Dan.
When the tax cuts expire... Will you lib s still be wanting to punish the rich?
Props for honesty.
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