Daily Digest - May 9: Now Who's a Job Creator?

May 9, 2012Tim Price

What you need to know to navigate today's most critical debates.

Click here to receive the Daily Digest via e-mail.

Private Jobs Increase More With Democrats in White House (Bloomberg)

Democratic presidents since JFK have presided over the addition of 42 million non-government jobs while Republicans have added just 24 million. Whispering sweet nothings in the business community's ears gets you a lot of sweet nothing in return.

Unemployment Rate Without Government Cuts: 7.1% (WSJ)

Employer surveys show that the public sector has bled 586,000 jobs since the end of 2008, but household surveys shows even steeper losses. Conservatives argue that this just demonstrates the difficulty of working with imaginary numbers.

Structural Unemployment Talk Is Nonsense (HuffPo)

Peter S. Goodman notes that the structural unemployment argument is popular because it gives elites an excuse for not doing anything, but the evidence still suggests that the job market is guided by policy, not the cruel winds of destiny.

Stop beating up on Ben Bernanke: Response by Michael Konczal (FT)

Roosevelt Institute Fellow Mike Konczal argues that the Fed needs to stop fighting the stagflation of 30 years ago and focus on the jobs crisis of today, as central bankers sadly don't get points for trying really hard to solve the wrong problem.

GOP Filibusters Students (Salon)

Republicans blocked a bill that would have paid to keep student loan interest rates low by closing a corporate tax loophole, dismissing it as an Obama campaign tactic. They, of course, would never be so uncouth as to bring politics into the Senate.

Will Rich People Desert the U.S. if Their Taxes Are Raised? (NYT)

Bruce Bartlett writes that while there's been an uptick in people renouncing their American citizenship, people consider more than tax rates when deciding where to live (hence no mass exodus of the rich from New York and California to Alaska).

Paul Ryan and the second coming of Compassionate Conservatism (WaPo)

Suzy Khimm notes that Paul Ryan insists that his budget plan only seeks to eliminate waste and fraud from programs that serve the poor, but "waste" and "fraud" seem to refer to "spending money on the poor" and "being poor," respectively.

The Ph.D. Now Comes With Food Stamps (Chronicle of Higher Ed)

As more Americans come to depend on government aid, even professors with advanced degrees are finding they can't make ends meet without a little help. Can welfare queens cohabitate in ivory towers, or do they each have to get their own?

The Philly Alliance: A New Antipoverty Model (The Nation)

Greg Kaufmann looks at the work of Witnesses to Hunger, an advocacy group that believes abstract social problems may just be easier to solve if we recognize that they come attached to names and faces and kids who go to bed without dinner.

Liberals Steer Outside Money to Grassroots Organizing (NYT)

Liberal donors like George Soros have decided that instead of pouring their money into campaign ads to convince voters that Mitt Romney is the love child of Satan and Mr. Monopoly, they should focus on making sure voters actually show up to vote.

Share This