There is a much better way than voting for Trump to express your anger with government

Whether you are Republican or Democrat, many people are upset with government.  Some are so upset with what they call government establishment politicians, that they want something completely different.  They want someone with no connection to the existing government infrastructure.  Given the choices for President this year, they see Donald Trump, a person with more connections to the Russian government than the American government, as suitable.

Trump supporters are so angry with government, that they are willing to forgive Trump of all his trespasses.  They have faith that a proven narcisisstic sociopath and sexual predator such as Trump can change his nature to become a true American dream of a patriotic and fair presidential Trump.  Someone who will "drain the swamp" in Washington (as Donald tweets) to correct the injustices they have felt and  that they believe have been caused by those politicians running the government now.

These angry feelings are understandable, but the source of this anger may be misdirected and the resolution of this anger by voting for Trump will only feel good for a very short time.  Trump's transgressions and trespasses will only get worse if he becomes President.

We are dealing with a man who has serious mental illness that may not be curable.  It prevents him from respecting anyone's opinion but his own.  It causes him to do and say things that a psychologically healthy person would find abhorrent.

Winning is more important to him than being President, and if he should lose, his flaws will cause him to find unreasonable excuses and blame others.  It causes him to assume an authoritarian personality which if elected, will make his term as President resemble a dictatorship more than democracy.

His business dealings with foreign governments will jeopardize foreign policy.  His closeness to Russia may cause him to champion policy that will favor Russian world domination.  He may even be seen by Putin as an unwitting partner in his pursuit of that effort.  Imagine the influence that  allying with the United States could have for Putin.

He has already shown an ignorance of our Constitution by challenging freedom of the press and stating that he would jail his political adversaries if elected.  He even violates the rights of American citizens by claiming that an entire religion should be exiled from the country.

He has violated business ethics and treated workers and small businesses unfairly by refusing to pay for work performed according to business contracts.  Many of his businesses have gone down to bankruptcy, which he feels makes him a smart businessman, showing complete apathy for the workers who lost jobs as a result.

He claims he will bring American jobs back to America, yet his own companies operate in China, India, Bangladesh and other third world nations.

I can continue on many more reasons that Donald Trump should not be President, but I promised in my title that there is a better way to resolve the situation that is causing so much anger with the government.

The American electorate agrees that the current Congress is worthless.  We all know that nothing gets done there.  One thing that may be missing from the explanation you have heard in the media is that not everyone there is useless.  In fact, those people that are useless are the biggest reason you are angry, even if you don't realize it.

Republicans may not accept this explanation, but I would ask that you remain open minded and consider that the GOP may have caused your anger.  If you are a devoted Fox News Republican, or listen to the multitude of right wing broadcasters, you may have been brainwashed into believing that Obama and the Congressional Democrats are responsible for all of your anger.  I submit for your review a few of the things that I believe may have caused some of your anger.

If you don't have a good job, let me remind you that America's unemployed work force could be put back to work if the President's American Jobs Act was enacted.  Unfortunately Congressional Republicans prevented passing it.

If you don't feel the improvement in the economy, remember that women earn less than men and yet could become equal in the workforce if legislation to prevent discrimination in wages was lifted by removing Republican obstruction.  Women belong to families, so increasing women's wages increases family wages.

If you care about your fellow Americans, America's immigrant families could receive fairer treatment if Congressional Republican leadership would not disallow a vote.   A bipartisan immigration effort was stifled by Republican leadership.

If you want to improve the finances of many Americans who work in lower paying jobs, and want to help stimulate the economy by putting more money in their hands, then an increase in the minimum wage could do it, except that Republicans refuse to support it.

The unfair control of government realized by the few uber-rich American contributors to the Republican party who influence their legislation and activities could be eliminated if Democrats were in the majority.

The economic theories of the GOP is summed up in the "trickle down" theory, which pretends that jobs will be created by giving tax breaks to the rich at the expense of the middle class.  The failure of the theory has been proven over many years.

It fails because jobs will never be created unless demand for products increases.  No business owner is going to increase the number of people working unless he needs them because the demand for product is exceeding current capacity of the workforce.

One way to benefit the economy, the rich and the middle class would be to increase the wealth of the middle class.  This will allow them to spend more on products and stimulate demand.  This would then allow the business to increase the workforce.  Provided the businessman has some patriotism left, these new workers will be American workers.

This demand side policy has not been allowed into practice by Republicans who are in the majority in Congress and all attempts to introduce increased wages have been blocked by the Congressional GOP.

If you are a caring person, realizing that some poor children go to bed hungry should make you  angry with Congressional Republicans whose cuts to the SNAP program are based on incorrectly identifying fraud as the reason for cutting aid.

If you are proud of your vote, then falsely imposed voting restrictions in Republican run states might make you angry.

Perhaps you are angry that Congress is spending millions of tax dollars on the Republican party's partisan witch-hunts based on false accusations.  Maybe you would like to see this waste of money stop being the focus of the Congress.  The GOP has already promised many more years of "witch hunts" if Hillary Clinton is elected.

America would never again renege on their debt obligations if Republicans are not given the power of the majority to cause it as they have already.  Incidentally, this also added billions to our debt because of our decreased credit rating and increased interest charges as a result.

Dealing with scientific facts, the government could make more reasonable decisions to enact laws that protect our environment and prevent climate change if Republicans were not in control.

Near treasonous acts that show Republican leadership's opposition to government would end.

Using fear tactics and lies to persuade Americans into voting against their own self interest could end if Republicans are shown that using those unethical tactics cannot win them elections.

The federal government may never face another shutdown if Republicans were not in control.

Real efforts to fix the Affordable Care Act to protect Americans with health insurance would be possible and not face Republican efforts to repeal it and replace it with "something really terrific" but as yet unidentified and most likely non-existent.

We can accomplish all of this by voting for Democrats up and down the ticket.  Believe it or not, it is your Republican run Congress that is causing your anger.

Your vote is the key.  Don't waste it on four more years of obstruction.  Your situation will improve as soon as we have reasonable politicians who put people before profits working in our government.

Are you misguided, uniformed, heartless or rich? Then you must vote Republican.

Elections for many political offices will be occurring this fall.  The winners of these elections will be responsible for future legislation in federal and state governments that will control our daily lives.

The upcoming mid-term elections are not insignificant nor typical.  One could say that these mid-term elections are the most important election of our time.  The future of our American society could be in the balance.

The Congressional elections for the federal House and Senate could reinforce Republican obstruction or eliminate it, depending on the results.  State elections could make life or death differences to many who cannot receive medical care under Republican obstructed medicaid expansion.

To help you remember or to just inform some of you for the first time, of some of the deleterious effects of having Republicans in office, let me recall some things you should know by now.

America's unemployed work force could be put back to work if the President's American Jobs Act is enacted without Republican obstruction.

Women could become equal in the workforce if legislation to prevent discrimination in wages was lifted by removing Republican obstruction.

America's immigrant families could receive fairer treatment if Republicans could not prevent it.

Opportunity for all Americans and America's economic condition could be improved with an increase in the minimum wage which Republicans refuse to support.

The unfair control of government realized by the few uber-rich American contributors to the Republican party who influence their legislation and activities could be eliminated.

The American worker and middle class could rise in importance and our government could be "of, for and by the people" again.

Poor children would go to bed less hungry if Republican cuts to the SNAP program were eliminated and reversed.

Falsely imposed voting restrictions could be stopped if Republicans were run out of state legislatures.

The Republican party's partisan witch-hunts based on false  accusations would stop being the focus of the Congress and taxpayer money could be used more productively for legislation that Americans need if Republicans lost control of the House.

America would never again renege on their debt obligations if Republicans are not given the power to cause it.

Dealing with scientific facts, the government could make more reasonable decisions to enact laws that protect our environment if Republicans were not in control.

Near treasonous acts that show Republican leadership's opposition to government would end.

Using fear tactics and lies to persuade Americans into voting against their own self interest could end if Republicans are shown that using those unethical tactics cannot win them elections.

The federal government may never face another shutdown if Republicans were not in control.

The Affordable Care Act might be allowed to continue to benefit people; improve the health of America; put money back into the economy with increased jobs in health services; improve the profits of medical device manufacturers, hospitals, doctors, nurses and insurance companies while at the same time making healthcare affordable.

Expanding Medicaid in Republican run states would insure and protect the health of over seven million uninsured poor voters and reduce costs for taxpayers whose premiums are higher in order to cover the costs of those who do not have health insurance.  Hospitals in rural areas of Republican run states could become profitable again and re-open their doors.

America's tax policies could be reviewed and certain unfair loop-holes closed so that all Americans and American Corporations pay their fair share of taxes and revenue could again become part of the equation for budget considerations if  Republicans did not control the federal House.

Ultimately, the mid-term elections are  extremely important.  You should consider this as important an election as a Presidential one and get out to vote. 

If you consider yourself a Republican, perhaps you have inherited that title or been influenced to vote as one from your parents and grandparents whose culture of Republicanism goes back many years.  You should recognize that political parties change over time and may not be the same as the party your parents or grandparents aligned with.  For example, Abraham Lincoln was a Republican who freed the slaves yet some modern day Republicans pass legislation to restrict voting rights to African-Americans.  In regards to empathy toward others, Republicans have changed dramatically.

A political party affiliation should not be treated the same as your genetically inherited characteristics. Although "mutation" is a similarity between genetics and political parties, your party affiliation should be based on how closely a comparison of the overall beliefs and policies of the party match your own personal beliefs.  The comparison should not be limited to one or two policies but to all policies and beliefs so you get a complete picture of a party.  For example, Republican leaders claim to hold to the teachings of Christianity because they support a right to life but their legislation may indicate that they oppose Christianity since they do not support the needy and carry out injustices to other diverse populations.

In order to make such comparisons you should research the facts about the political party's policies; understand how they vote on issues and determine if they represent your views.  It is important to determine these things by reviewing factual reference material while ignoring commentators or others who would attempt to deceive you or are just misinformed themselves.  One way this can be done is by reviewing government web sites such as http://www.house.gov, http://bls.gov and http://www.senate.com.  

To keep informed on current events in politics, watch political television shows on both sides of politics and judge for yourself which is most truthful.  For example, Fox News is known to be conservative television that takes a less factual "entertainment" approach to supporting Republican causes while MSNBC is known to be progressive news reporting that supports Democratic causes.  Seeing these two networks present both sides of the same issue can be enlightening. 

Paul Ryan (R) Wisconsin

That being said, I want to begin analyzing Republicanism with one of the most telling subjects in recent days; the 2014 Republican budget proposal.  It has been said that you can tell where a party's priorities are by the budget they propose.  

Paul Ryan was tasked with the job of preparing a Republican budget proposal that balanced within ten years.  Balancing a budget can be done in many ways, but the Republican budget had to be based on Republican principles which molded and forced the end result.  

One building block of that Republican budget is that tax revenue cannot be increased.  Without new revenue, only cuts in federal programs would be possible. 

Another prerequisite was that military spending must be increased. Increasing military spending without raising taxes means something else must be cut by the amount of increase in military spending.  About $650 billion is spent on the United States military each year which exceeds the combined military spending of the next ten highest spending countries in the world.  Even the US military has stated that the amount is too high and can be reduced.  When Republicans speak of military spending they do not mean government assistance for veterans.  They do mean to increase the wealth of defense contractors.

Yet another prerequisite of the Republican budget is that much of the cost and operation of Federal government programs must be passed on to the states.  Making states take on safety net programs will force them to either increase their taxes (if they plan to continue to provide the service) or cut or eliminate the programs.  In Republican run states I can state almost certainly that these services will be cut.  Overall, their budget expects that the financial burden that they are eliminating from the federal government should be placed on the states.  Provided the states maintain the programs, the savings to the individual would be no different than if the federal government had kept the financial burden except that the taxes would be coming from the state instead of the federal government.

The Ryan budget makes severe cuts to services that support the poor, middle class, students, the elderly and disabled while at the same time rewarding the rich with lower taxes, repealing the alternative minimum tax, reducing corporate tax, and changing international tax laws to allow corporations to avoid being taxed on foreign income brought back into the United States.

By the explanation he gives in his budget's narrative, Ryan tries to convince people that government loans are the reason that students must pay such high tuition costs as these somehow encourage Universities to charge higher tuitions.  Even if this were true, Ryan's solution is to reduce government loans and cap Pell Grants for students, thereby eliminating help some deserving students might be able to obtain without a government loan.  It's funny how Republican reasoning often defies logic.  They accept big business' action of  charging higher tuitions as reasonable given the availability of government money and instead blame the federal government for providing so much loan money.  I guess we are supposed to understand as our Republican leaders do, that the ethics of businessmen can readily be overcome by such easy opportunity for profit.

Sticking to the Republican claims that the Affordable Care Act is the worst thing that could happen to America, his budget calls for the repeal of the ACA leaving no alternative but to return to the way it was before the ACA.   The budget calls for repealing Medicaid Expansion and eliminating healthcare premium subsidies available on the government healthcare exchange.  With these words, Republicans are saying that insurers can deny coverage to people with pre-existing conditions, so if you lose your job and have a pre-existing condition, you will no longer have health insurance.  They remove healthcare access from millions of the poor who are now covered under medicaid expansion.  Lifetime coverage caps will return so if you get a debilitating and costly disease you may also lose your life savings.  If you have limited income, you will no longer get any help to pay for your insurance premiums.  Certain free services will once again be charged.  Children between 21 and 25 will lose their parent's insurance and be required to purchase their own or not be insured.

Medicare and social security will not be the same for  future seniors.  Not being capable of funding social programs almost certainly means medicare and social security will suffer under Republican rule.

There are many more aspects to the budget that you should see for yourself.  Visit this link: The 2014 Republican Budget to find the actual text.

If you are not in the top 2% financially, voting for Republicans is not in your best interest.  If you are a caring person, voting for Republicans should outrage you.  If you are an informed and intelligent person and not in the 2%, you should never vote Republican.  What does that make you?

Remember to vote in the fall's midterm elections.  It's your protected right and it's what will make all the difference to America.

The straw that breaks the elephants back?

President Obama taught Americans about demand side economics today in a speech designed to kick-start action in Congress and allow Republicans to show they are serious about John Boehner's so far empty slogan "...Republicans most important action is to create jobs, jobs, jobs."  His presentation was inspiring and showed his sincere concern for America's middle class as well as his understanding about real solutions to initiating economic prosperity for all Americans.

Specifically he spoke about and elaborated on the cornerstones of improving the economy.  These are:

1. Good Jobs with decent wages and benefits.  His efforts will be towards recognizing companies that keep jobs in America and treat their employees fairly.

2. Education programs to prepare children for global competition.  He spoke about the need for pre-school for all 4 year olds; improving school infrastructures; reversing the student loan rate increase and making college affordable for all Americans.

3. Home ownership.  He wants to encourage ownership based on solid foundation of fair and clear rules and asked Congress to take action to encourage families to refinance at low rates.

4. Secure retirement.  He believes America has an upside down system where the wealthy get generous tax exceptions to save but the lower classes do not get the same breaks.  He wants to allow the middle class to save money and belay fears of poverty in retirement.  He reminded Congress that passing immigration reform makes undocumented workers pay their taxes and shores up social security.

5. Health Care focus.  He wants Americans to have security in knowing neither accident nor illness will cause you to lose your savings.  The affordable care act means a better deal for people.  Private insurers will compete for your business.  Pre-existing conditions will have to be covered.  Health care costs are being driven down.  Some states are finding that premiums will  be 50% lower.  The Affordable care act ensures health insurance coverage for 26 year olds under their parents plan.  He does not know why Republicans want to repeal such a benefit for people.

6. Rebuild opportunity for those who have not made it.  The President believes that too many are still in poverty.  He recognizes that America does not guarantee success and people need to be self-reliant.  But he wants there to be a quality of opportunity and upward mobility available for everyone.  The American idea is that you can make it if you work hard, but opportunity is harder to find over the last 30 years.  We must do more to give every American the chance to make it to the middle class.
He wants to rebuild run down neighborhoods.  He again calls for raising the minimum wage.  He believes economic growth will benefit everyone when it comes from the middle class out and not top down.  Even without Congress he says he will do whatever is in his power to focus on that philosophy.  He is calling on the private sector to step up and for Democrats to redesign or get rid of non-workable programs.

7. Republicans must work with the President to find common ground.  President Obama thinks there are Republicans who privately agree with his policies in Congress now but they are afraid of retribution from their party.  He identifies Republicans in Congress as the greatest obstruction that hampers economic growth.  Republicans must now lay out their ideas.  He reminds them that you can't just be against something.  He insists they must be for something.  He is ready to work with Republicans if they have any ideas.  He says if Republicans have any better  ideas then they should stop taking ludicrous repeal votes and share their ideas with the country.  The President will not accept deals that do not meet the test of strengthening hard working families.

Still focused on the Republican obstruction in Congress,  the President says that doing nothing will lose a part of the character of America.  The American dream will be lost and the position of the middle class will erode further.  Money politics will destroy our country more.  Fundamental optimism will give way to cynicism.  He warns "that's not the vision of America we should settle for."

The President appeals to the moral compass of Republicans to stop the fighting in order to think about the American way of life.  Making America special is not to focus on making the few wealthy.  It's about making America benefit.  It's an American dream; not Obama's dream or Sally's dream or John's dream.

Unfortunately, demand side economics flies in the face of Congressional Republicans view of the

pathway for economic success.  According to Republicans since Ronald Reagan, supply side economics is the way to trickle down prosperity to the lower levels of society.  This means bolstering the wealthy with tax cuts and government money while reducing government spending on the public infrastructure and reducing government spending that benefits the weakest in society.

One must remember that Republican majority leader John Boehner assigned Paul Ryan to create their proposed budget.  Paul Ryan is a firm believer in Ayn Rand's anti-Christian policies of survival of the fittest.  As such his proposed budget slashes government programs that benefit the general public and the poorest in society in favor of tax cuts and government subsidy entitlements for the wealthiest Americans.  Even though Republicans will stand fervently united in their faith of supply side economics, economists have identified the undeniable fact that only the wealthy benefit from it.

From demand comes business profits.  Without demand, businesses will hold onto their cash reserves, remove jobs to be more in line with decreased demand and find cheaper ways to produce their products.

This is exactly what we have seen in the rush to manufacture in foreign countries, finding cheaper foreign workers, suppressing unions, hiring temporary and part-time workers instead of higher paid full time employees and keeping wages for Americans low.  Without demand, any business would not survive.  American workers who are the product consumers provide businesses with that demand.  Bolstering the working class would benefit businesses and improve the economy for everyone.

So will Republicans rally around President Obama's vision of economic prosperity?  My opinion is that they would rather ruin our economy by disallowing debt ceiling increases than changing this basic misunderstanding that they have about economics.

So what will the President's speech accomplish if our government is still obstructed by Republicans?  Perhaps I give more credit to the American voter than is due, but I believe this speech will setup the failure of Republicans in the 2014 mid-term elections.  Any thinking American voter will understand the concept and should be fed up with Republican obstruction.

This speech may be the straw that breaks the elephants back.

Fed Chairman Bernanke's report to Congress

Ben Bernanke

Federal Reserve Chairman Ben Bernanke met today with Congressional leaders of the Financial Services Committee to report on the Federal Reserve's take on the state of the economy and Federal Reserve actions in that regard.

In an introductory statement Mr. Bernanke made it clear that the fiscal policy that legislators have chosen to take has been a detriment to the economic recovery.  In an effort to acknowledge the impact that a dysfunctional Congress has on the economy, he highlighted that tight fiscal policy will restrain economic growth.  He warned that political fights over raising the debt ceiling as has happened in the past would hamper the recovery.  Although a few of the Congressmen on the committee appeared to understand the importance Congress has in assisting in the recovery, it is still to be seen if Congressional Republicans take this guidance into consideration as they enter discussions about raising the debt ceiling, ending sequester or resurrecting the American Jobs Act.

Bernanke believes the economy is recovering at a moderate pace.  He cited the improvements in the housing market as contributing to economic gains and predicted this would continue to improve notwithstanding recent mortgage interest gains.

He believes the labor market is improving gradually and contributed a 0.1% drop in the unemployment rate to the Fed's policies of buying assets.  He admits that job growth has a long way to go to be considered satisfactory.  As I have stated in previous blogs, I question the impact that buying assets really has on the job market especially because it does nothing to increase demand for products and services.  It does have an important impact on the stock market as we have seen investors sell off stocks and bonds when Bernanke hinted that the asset purchase program was going to be discontinued.

Understanding the emotional nature of the stock market, Bernanke was careful not to repeat the mistake of hinting at a change in the asset program at the committee meeting.  He emphatically stated that the current asset purchase program will continue and monetary policy will be "accommodative" for the foreseeable future.  As of noon today the US markets appeared to be unaffected by Bernanke's comments.

In order to help prevent another Bush era financial collapse of the big banks, Fed policy is to prevent  collapse by increasing the requirement for cash reserves under what is called Basel III capital reforms.

 In summary, Bernanke explained three mechanisms that the Fed is using to support economic growth.  These are mortgage asset purchases, forward guidance on Fed plans for the federal fund rate target and Basel III capital reforms.

Based on the comments at the committee meeting, it appears obvious that the Fed needs a lot of help from Congress to revitalize the economy.  Bernanke's warning about Congressional actions around fiscal policy may have been his cry for help.

A Republican to English dictionary

Although born and raised in the United States, my father, who passed away in his old age a few years ago, was not really good with the English language.  Sometimes he used words that he made up in conversation that sounded like words that they really weren't.  My kids were often confused by their "Papa", as they used to call him, and I would joke with them that maybe we needed to get a Papa- to-English dictionary.

Because of their support for policies which Republicans stand for, most of which go against their best interest, middle-class Republicans may be well served if they had a Republican-to-English dictionary.  Perhaps that way they could better understand that their welfare is not of concern when it comes to modern Republican politics.

Here are a few examples of statements we have heard our Republican leaders talk about.  I have given some assistance to the American voter by attempting to identify the true meaning of these words in plain English.

"Jobs, Jobs Jobs": Cheap foreign labor for America's Corporations.  

"Support for our troops": Increasing government funding of defense contractors.

"Reducing the deficit":  Protecting the 1% by taking revenue off the table, increasing military budgets to protect defense contractors and only calling for government spending reductions in programs for the poor, women, children, the elderly, students, the handicapped, military veterans and the unemployed.

"Smaller Government": 1. Eliminating government protections of it citizens in regards to regulations on business so that big business can operate with a free hand to decrease costs involved with making a safe product, protecting the environment, giving fair wages, creating a safe work environment, treating workers fairly and otherwise operating responsibly.  2. Reducing government spending by eliminating public service jobs such as teachers, police, fire-fighters and government workers and rejecting the American Jobs Act that would have improved the infrastructure of roads, bridges, schools, etc. 

"2nd Amendment rights": Returning the favor for NRA lobbyist money and preserving the market and demand for weapon manufacturers regardless of the wishes of the majority of Americans for stronger gun laws.

"Obama-Care": Originally a Republican introduced derogatory term for the Affordable Care Act which later became adopted as a catch-phrase by President Obama.  Republican intent is to put fear into American citizens and protect big insurance corporations from the effects of treating American citizens with fairer insurance rules and charging costs that would benefit the citizen.  Most of the effort of the Republicans in the 113th Congress has been in attempting to repeal Obama-Care law 37 times as of this date.

"Sequester": A Republican plan since 2010 to reduce the size of government in a way that would protect the wealthy and would otherwise never be possible by normal legislative proceedings.

"Filibuster": The cornerstone of Republican obstructionism used to prevent problem resolution, slow down progress on legislation and block President Obama's appointees and ideas that support middle-class Americans.

"Balanced Budget": A financial plan that reduces spending on useful government programs such as medicare, medicaid, the social safety net and social security which must not be balanced by any increase in revenue, especially by increased taxes on the wealthy or corporations. 

"501(c)4": Republican worked loophole in the IRS regulations that permits a political action committee to receive donations that are exempt from federal taxes and then to complain when the IRS workers request information that may prove they are political action committees.  The 501(c)4 is supposed to be for non-political social organizations.

"Stimulus package": Another name for the American Recovery and Reinvestment Act.  An act carried out by the Democrats and President Obama that saved the country from financial collapse.  Republicans voted against the stimulus package.

"Voter ID": An attempt to reduce access to voting by members of the citizenry who would not vote Republican in elections.  This action as well as closing down voting precincts and voting hours were used by Republican state legislatures as a strategy in the 2012 elections.

Republicans have proven that they do not represent the middle-class or the poor.  If you are in one of these groups and you vote Republican, I would be interested in knowing why you would vote that way.

If you have any other definitions, please feel free to add a comment.  I'll add the best one's to my collection.

Time for Republicans to put up or shut up on jobs, jobs, jobs

One year ago today, on September 8, 2011, President Obama submitted to Congress his American Jobs Act.  The bill is intended to facilitate the economic recovery in a number of ways.  It was supported by over 62% of Americans at the time.  Economists supported the Act, saying that it would prevent recession in 2012, increase GDP by 2% and return two million workers to the work force.

However, in the midst of the economic crisis, the bill got no support from Republican Congressmen, was filibustered and died.  The obstructionists were very proud of themselves for voting against this bill and the economic recovery act as well.  A true back-handed lesson to all of us if we think that Republicans in Congress want to represent the middle class as they claim.

Well, President Obama is going to give them another chance to put up or shut up about jobs and helping the middle class.

On the Campaign trail, one day after the Democratic Convention, President Obama is again asking Congress to fulfill their common goal of improving the economy in what has so far been an empty Republican pledge to work on "Jobs, Jobs, Jobs" by approving the American Jobs Act.

The highlights of the American Jobs Act are:

1. TAX CUTS TO HELP AMERICA’S SMALL BUSINESSES HIRE AND GROW

• Cutting the payroll tax in half for 98 percent of businesses: The President’s plan will cut in half the taxes paid by businesses on their first $5 million in payroll, targeting the benefit to the 98 percent of firms that have payroll below this threshold.
• A complete payroll tax holiday for added workers or increased wages: The President’s plan will completely eliminate payroll taxes for firms that increase their payroll by adding new workers or increasing the wages of their current worker (the benefit is capped at the first $50 million in payroll increases).
• Extending 100% expensing into 2012: This continues an effective incentive for new investment. 
• Reforms and regulatory reductions to help entrepreneurs and small businesses access capital.

2. PUTTING WORKERS BACK ON THE JOB WHILE REBUILDING AND MODERNIZING AMERICA

• A “Returning Heroes” hiring tax credit for veterans: This provides tax credits from $5,600 to $9,600 to encourage the hiring of unemployed veterans.
  
• Preventing up to 280,000 teacher layoffs, while keeping cops and firefighters on the job.
  
• Modernizing at least 35,000 public schools across the country, supporting new science labs, Internet- ready classrooms and renovations at schools across the country, in rural and urban areas.
  
• Immediate investments in infrastructure and a bipartisan National Infrastructure Bank, modernizing our roads, rail, airports and waterways while putting hundreds of thousands of workers back on the job.
  
• A New “Project Rebuild”, which will put people to work rehabilitating homes, businesses and communities, leveraging private capital and scaling land banks and other public-private collaborations.
• Expanding access to high-speed wireless as part of a plan for freeing up the nation’s spectrum.    

3. PATHWAYS BACK TO WORK FOR AMERICANS LOOKING FOR JOBS

• The most innovative reform to the unemployment insurance program in 40 years: As part of an extension of unemployment insurance to prevent 5 million Americans looking for work from losing their benefits, the President’s plan includes innovative work-based reforms to prevent layoffs and give states greater flexibility to use UI funds to best support job-seekers, including:

             › Work-Sharing: UI for workers whose employers choose work-sharing over layoffs.
             › A new “Bridge to Work” program: The plan builds on and improves innovative state programs where those displaced take temporary, voluntary work or pursue on-the-job training.
             › Innovative entrepreneurship and wage insurance programs: 
States will also be empowered to implement wage insurance to help reemploy older workers and programs that make it easier for unemployed workers to start their own businesses.

• A $4,000 tax credit to employers for hiring long-term unemployed workers. 
• Prohibiting employers from discriminating against unemployed workers when hiring.
  
• Expanding job opportunities for low-income youth and adults through a fund for successful approaches for subsidized employment, innovative training programs and summer/year-round jobs for youth.

4. TAX RELIEF FOR EVERY AMERICAN WORKER AND FAMILY

• Cutting payroll taxes in half for 160 million workers next year: The President’s plan will expand the payroll tax cut passed last year to cut workers payroll taxes in half in 2012 – providing a $1,500 tax cut to the typical American family, without negatively impacting the Social Security Trust Fund.
  
• Allowing more Americans to refinance their mortgages at today’s near 4 percent interest rates, which can put more than $2,000 a year in a family’s pocket.

5. FULLY PAID FOR AS PART OF THE PRESIDENT’S LONG-TERM DEFICIT REDUCTION PLAN.

• To ensure that the American Jobs Act is fully paid for, the President will call on the Joint Committee to come up with additional deficit reduction necessary to pay for the Act and still meet its deficit target. 

Below is the original presentation to Congress on September 8, 2011.
http://www.whitehouse.gov/videos/2011/September/090811_AmericanJobsAct_Enhanced_HD.mp4