26 Oct

NYTimes.com – The Election That Wasn’t

If we were a serious country, this is what the midterms would be about: How do we generate the jobs needed to sustain our middle class and pay for new infrastructure? It would require a different kind of politics — one that doesn’t conform to either party’s platform. We will have to raise some taxes to generate revenue, like on energy or maybe a value-added tax, and lower others, on payrolls to stimulate work, and on multinational corporations to get them to bring the trillion dollars they have offshore back to the U.S. for investment. We will have to adjust some services, like Social Security, while we invest in new infrastructure, like high-speed rail and Internet bandwidth; the U.S. ranks 22nd in the world in average connection speed. And, most of all, we will have to have an honest discussion about how we got in this rut.

via NYTimes.com – The Election That Wasn’t. I can’t really add much more.

29 Aug

Newsweek – Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

The bottom line, then, is that recent GOP proposals would produce fewer jobs and far larger deficits than the plans Obama has already passed or currently wants to pass. This isn’t to say that the Republicans couldn’t create jobs or cut the deficit if restored to power—just that right now, they’ve chosen to support policies that would prove less effective in both respects than the Democratic programs they so vehemently criticize.

via Newsweek – Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge. Oops?