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Showing posts from September, 2012

Mitt Romney: Those People

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A cookie to the first person who can point out the mistake in the video.

Double Taxation? Another Romney Myth, Busted.

Mitt Romney said this during his interview on 60 Minutes:Scott Pelley: Now, you made on your investments, personally, about $20 million last year. And you paid 14 percent in federal taxes. That's the capital gains rate. Is that fair to the guy who makes $50,000 and paid a higher rate than you did?Mitt Romney: It is a low rate. And one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35 percent.Pelley: So you think it is fair?Romney: Yeah, I think it’s the right way to encourage economic growth, to get people to invest, to start businesses, to put people to work.As a successful businessman, he should know better than echoing a myth that's been busted time and time again:There is no factual evidence that dividends are double-taxed. To claim they are is a complete falsification indulged in by many who would know better if they examined the facts.Dividends are taxed only once to stockholders.…

President Obama's Weekly Address: Congress Must Act to Create Jobs and Grow the Economy

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It's been over a year since the President's American Jobs Act was introduced. The very least Congress can do is put it up for a vote.

Governor Cuomo Announces Initiative to Help Long-Term Unemployed Individuals Find Jobs

Quoting from Governor Cuomo's press release in its entirety:Albany, NY (September 18, 2012)Governor Andrew M. Cuomo today announced a new initiative to combat long-term unemployment in New York State.To help New Yorkers seeking jobs, the state will distribute $6 million in federal grants to companies that hire long-term unemployed individuals, as well as deploy a mobile response team to assist individuals seeking work in high unemployment areas."New York State's efforts to help long-term, unemployed individuals find jobs have been recognized across the nation, and this additional $6 million will be a shot in the arm as we continue to put New Yorkers back to work and get our economy back on track," Governor Cuomo said. "With NY Works projects creating new jobs and supporting economic development all across the state, this initiative will help train workers and connect the unemployed with opportunities to launch a successful career."The $6 million in federal …

Oops.

Dear @mittromney - "you people" just got a peek behind the curtain. Oops. #edshow— A 99er (@HelpThe99ers) September 18, 2012

The iPhone 5 and the 99ers

From Paul Krugman in today's NY Times - The iPhone Stimulus"We don’t have high unemployment because Americans don’t want to work, and we don’t have high unemployment because workers lack the right skills. Instead, willing and able workers can’t find jobs because employers can’t sell enough to justify hiring them. And the solution is to find some way to increase overall spending so that the nation can get back to work."It's why we want the American Jobs Act. It's why we want infrastructure bills. It's why we want businesses to use the trillions of dollars of cash they're hoarding. We want - we need - to get back to work.

Up with Chris Hayes: President Obama and the House of obstructionism

Visit NBCNews.com for breaking news, world news, and news about the economy Chris' conclusion is vitally important:"What President Obama did not say in Charlotte was that the best way to stop Republicans from holding (the nation) hostage is to strip them of the power to do so in November."

As Seen On Twitter

Dems & GOP BOTH claim they can create 12M jobs in 4yrs. I'll wear a dress for a week if that happens ow.ly/dz2wp Sat 1pET— Ali Velshi (@AliVelshi) September 8, 2012Mark your calendars.This, at least, is where one of the claims for 12 million jobs comes from:"The current Moody's Analytics baseline forecast is for payroll employment to increase by 12 million jobs from the start of 2013 to the end of 2016 (134 million to 146)."However, the economic assumptions embedded in our forecast include only an extension of Bush-era tax rates for those under 250K, which is more closely aligned with the Obama administration's position. We also assume a bipartisan deal to scale back sequestration and achieve a long-run fiscally sustainable path, with Democrats accepting reforms to Social Security and Medicare in exchange for the increase in top tax rates."In effect, therefore, Romney is essentially promising no more jobs than we currently expect to gain under proposals …

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The Raw Story: Remember the 99ers? Long-term unemployed workers’ invisible struggle

Kay Steiger at The Raw Story interviewed a number of 99ers (including me) for a series of stories on unemployment. Excerpts follow:(Pam) Sexton wrote she feels like she interviewed at nearly every company in the Kansas City area, where she's from, before renting out her house and moving to Minnesota in search of work."We do not want handouts. We want to feel valued and that we are contributing. We are too young to quit the working world," she wrote.…"Employer discrimination against the unemployed — and especially the long-term unemployed — has been well documented. A 60 Minutes story aired last month highlighted the 'silent no' of job listings that stipulate applicants must be currently employed."…"'While we were in between the resumes and the interviews, we were trying to tell people please don't forget about us,' he said. 'It’s tough to be in the position to be an (unemployed and actively-looking) advocate.'He also saw how the…

Labor Day, 2012

Harold Meyerson, writing in today's Washington Post:"The primary plight of U.S. workers isn’t their lack of skills. It’s their lack of power. With the collapse of unions, which represented a third of the private-sector workforce in the mid-20th century but just 7 percent today, workers simply have no capacity to bargain for their share of the revenue they produce."This is not to say that there is no skills gap or that U.S. schools don’t need improvement. But the decline of unions has both weakened workers’ bargaining power and diminished the kind of apprenticeship programs that the building trades unions have long (and ably) provided. Under increasing right-wing pressure to justify their very existence, however, some unions in other sectors are embarking on skills training or professional development programs."See also: Corporate Profits Up, Wages And Salaries DownWorking Americans Get Smaller Slice Of The Pie

We Have A Choice

We have a choice this election: vote for a Democratic majority in Congress, or vote for the GOP. Staying home = a vote for the GOP. #uppers— A 99er (@HelpThe99ers) September 1, 2012

Melissa Harris-Perry: Nothing Is Riskier Than Being Poor In America

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