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It's been obvious for a long time that our national economic problem is being exacerbated by lack of demand for goods and services. This lack of demand is not because of lack of confidence. It is because of lack of jobs. Obviously, when working Americans lose their jobs, they lose a good deal of their buying power. When millions of Americans lose significant purchasing power all within a short period of time, the impact on demand is significant. That's where we are right now.
Major U.S. corporations, astute enough to protect their own financial interests, shed workers by the tens of thousands immediately when the Banksters evil deeds began to unfurl before our very eyes. Millions of American workers lost their jobs in just a few short months at the end of 2008 and the beginning of 2009.
When the Republicans took back the House in 2010, promising jobs, jobs, jobs........they didn't pass one bill to actually, you know, stimulate jobs. Not one. Instead, House Republicans began pushing bills to limit a woman's legal right to choose. House Republicans went after Planned Parenthood and National Public Radio. What House Republicans did not do was put forward, or pass, a job creation bill.
Now, as these same House Republicans return to D.C. after the August break to resume, I guess, legislating......we find House Whip, Eric Cantor saying that it's all going to be (again) about jobs, jobs jobs.
“It is essential that the House continue our focus on the jobs crisis,” House Majority Leader Eric Cantor (Va.) wrote in a memo to be sent to GOP lawmakers Monday.
This, from the guy who insists hurricane relief costs must be offset by other spending cuts. Cantor, a weasly character, often suffers from tone-deafness...perhaps it's his own version of compassionate conservatism...who knows? Whatever. But look at what Cantor means when he says the House focus will be on the "jobs crisis."
House Republicans are planning votes for almost every week this fall in an effort to repeal environmental and labor requirements on business that they say have hampered job growth.
Now, remember....the reason our national economy is dismal is because Americans do not have jobs which produce money with which to stimulate demand. The private sector is still not hiring, despite sitting on piles of cash....because there is not enough demand to justify expansion in the workforce. Fortune 500 companies are not sitting back, refusing to hire workers, because of environmental laws or national labor laws. That's simply ridiculous. They are sitting back because not enough customers are puchasing their goods and services.
Environmental laws have resulted in increased employment, not reduced employment. Doing away with environmental laws won't do a damn thing to rein in high unemployment any more than the House passing bills in January of this year to rein in a woman's right to choose created jobs.
The week of September 12, Cantor is planning on showboating the National Labor Relations Board ruling against Boeing's action to damage it's union workers by setting up a new shop in low-wage South Carolina. Making a big show about Boeing will not create any jobs, of course, but Cantor is hoping, just as he did when staging a war against Planned Parenthood back in January....to rally his hysterically nutty GOP base....yet again.
Then in October, Eric Cantor will focus the GOP-controlled House on the EPA. Doing away with as many EPA restrictions as possible. This also will not be successful but will satisfy the hysterical, anti-science, right's daily need to be fed with the red meat of hate against anything progressive. If, miraculously, EPA restrictions passed the Senate and were signed into law by Obama (they won't)....then jobs would be lost, not gained.
So, again, we have a House GOP promising jobs....just as they did while campaigning in 2010....while doing absolutely nothing to actually, you know, create jobs. Instead, as has been transparently clear forever, Republicans are only acting politically. Republicans are working while in power not to solve problems, unemployment or any other pressing problem.....but working to feed the hysterical, anti-science, anti-reason base of their's new red meat to chew on.
And prepare for their next hostage taking event.