The Raleigh News & Observer observes the news that Deputy Assistant Governor McCrory continues his outright lies about the employment situation in our state, which is pretty dismal. Despite clear data that shows that 2013 was a poor year for employment and job growth, Prevaricating Pat toots the horn that "more North Carolinians are collecting a paycheck", and it's because of the NC GOP's tax policies. Both claims are demonstrably false, as the article unequivocally shows.
But perhaps the most nauseating lie Pat tells in this story is the one about how punishing unemployed people somehow helped the state's employment situation:
Thursday, April 4th. 10:30 am at the Erwin Center/913 Pryor St. Gastonia
Robert Kellogg, Chairman Gaston County Democratic Party
Todd Pierceall, Gastonia City Councilman, ward 4
Rev. Pierre Crawford, Moderator Gaston Co. Missionary Baptist Association
Donyel Barber, Executive Director at Family Promise of Gaston County
Chris Thomason, Vice President, Gaston County NAACP
Tammy Cantrell, small business owner/Encaptured & Co.
David turner, small business owner/Loray Media
One expects a Reagan/Bush appointee to stand up for the welfare of the 1%, and Martin Feldstein certainly delivers. He has nothing to say about the effect of low rates on employment, but he agonizes over any loss of capital gains.
Unemployed workers are losing productive years now, which they will never get back. Not only lost wages, but also mounting debt, erosion of skills, and family crises. Feldstein can't spare a single mention of their losses.
Let's not forget how that risky capital can also be invested in new ventures, new plants, and new equipment. Why are companies sitting on cash in the bank, or investors chasing a few basis points by going after T-bonds? Why aren't we seeing productive investment?
We've all heard the GOP blame over-regulation, but no amount of complexity ever deterred a hedge-fund or derivatives broker. What industry needs is demand, and demand comes from consumers who spend what they earn - assuming they are employed.
Submitted by robertingastonia on Sun, 03/24/2013 - 10:32pm
What’s Brewing in Raleigh? Possum Stew!
The most recent unemployment numbers in North Carolina show a continued decrease in employment. Gaston County, like all the counties in the state recorded more unemployed citizens than the previous month. At 11.1 % unemployment on the county level and 10.2 state-wide, the frenzied activity in Raleigh to right this sinking ship must be at an all-time high, right? Unfortunately the answer is no. Instead the feverish legislation coming out of Raleigh amounts to a piping hot bowl of possum stew!
Instead of an “all hands on deck” approach our law-makers in Raleigh have set their sights on laws that are not only insignificant, but smacks of silliness in the face of current economic calamity.
The Senate committee in charge of the issue, the Revenue Laws Study Committee, voted to move the proposal forward on Tuesday. It will come to the General Assembly for a vote when they reconvene on January 30.
The proposal cuts the weekly maximum benefit by 35 percent, (even though the statewide average benefit is much less). It also reduces the number of benefit to a sliding scale between 12 and 20 weeks, even though the average length of unemployment is at an all-time high of 40 weeks.
Submitted by Martha Brock on Wed, 09/19/2012 - 10:05pm
Rachel Maddow just called out four GOP Senators including NC's own Richard Burr. Seems he voted against the veterans' jobs bill today in the US Senate. Burr previously worked with the bill's sponsors to get his ideas included in the bill. Then he voted against the bill.
Senate Republicans prevented a veterans’ jobs bill from coming to a vote today by forcing a budget point of order vote. Democrats came up 2 votes short of the 60 needed to defeat the GOP’s budget measure.
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