You’re Supposed to Get What You Pay For

 

Job Creation and Job Quality Standards in State Economic Development Subsidy Programs | PHENND Updates:

“Report: States Spend Billions on Economic Development Subsidies that Don’t Require Job Creation or Decent Wages

Pennsylvania scored a D, tied for 40th place among the states

Pennsylvania is spending millions of dollars per year on corporate tax credits, cash grants and other economic development subsidies that lack wage and benefit standards for workers at subsidized companies and sometimes don’t require job creation, according to a new national report card issued by Good Jobs First.”

(Via PHENND.)

When you pay for something like foregoing taxes, government’s should get something in return.  They’re our tax dollars right?

I Thought Tax Cuts were Supposed to Create Jobs

GOP spending plan would cost 700,000 jobs, new report says:

“A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday…

[This] report comes on the heels of a similar analysis last week by the investment bank Goldman Sachs, which predicted that the Republican spending cuts would cause even greater damage to the economy, slowing growth by as much as 2 percentage points in the second and third quarters of this year.”

(Via Grasping Reality with a Sharp Beak.)

Predictably, the GOP goes after the messenger when it can’t rebut the message.  It’s a surefire way to determine who’s lying or incompetent and who’s not, who’s got a grip on reality and who’s in denial.  And sure enough as I kept reading:

Republican leaders frequently claim that cutting government spending will create jobs by removing the fear of higher taxes from the minds of the nation’s business owners and entrepreneurs…

So far, the Republicans have been unable to marshal an independent analysis that reflects that view. [emphasis mine]

In other words, they are pulling this economic “theory” clean out of their ideological butts.

Road to Recovery in 1,000 Words

Organizing for America | BarackObama.com | Road to Recovery.

Job Loss Graph

Obama needs to plaster this to his forehead.

Reading the Employment Report: Focus on Hours, Not Heads – Freakonomics Blog – NYTimes.com

Reading the Employment Report: Focus on Hours, Not Heads – Freakonomics Blog – NYTimes.com:

“Any evidence of ‘green shoots’ appearing in recent months disappears in this broader measure. The recession continues apace. If current trends continue, we are in for a frightening time.”

(Via Freakonomics Blog.)

Increasing the Minimum Wage Doesn’t Kill Jobs

Minimum Wage Impacts on Employment: A Look at Indiana, Illinois, and Surrounding Midwestern States:

“These patterns in job growth between 2003 and 2005 indicate that Illinois’ increasing minimum wage rates did not reduce overall employment growth for private employers and preliminary statistical analyses confirm this lack of an impact”

(Via Indiana University.)

Once again we see how ideology is soft-think. This is has been proven over and over, yet we see no public discussion on this at the pragmatic level. Just ideological back and forth. “Fairness” vs. “Jobs.” Whatever. Try “reality.”