The JOBS Act

April 13, 2012 in Uncategorized by Timbuk3 | 3 comments

Joe posted some links to the misleadingly named JOBS act. When I saw this piece by Taibbi I thought I’d create a discussion thread.

I don’t think it’s fair or accurate to call it “Obama’s bill”…

“This was a Republican bill, birthed by Eric Cantor in the House, and driven by overwhelming Republican support,” wrote in one emailer. “All Obama did was sign it. It’s totally dishonest to call it an Obama bill.”

Okay, let’s talk about that. But first, a quick note on the bill itself, since I think some people misunderstand the objection to the bill.

…but I’ll grant you that he didn’t veto it, and it looks like a stinker, so far.

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  1. jo6pac’s avatar

    jo6pac on April 13, 2012 at 7:29 pm

    Here’s a little reading material on this my favorite is the Think Progress one.
    http://news.firedoglake.com/2012/04/02/more-jobs-act-deregulatory-measures-found/

    http://thinkprogress.org/economy/2012/04/06/459521/financial-fraudster-jobs-act-rich/

    http://neweconomicperspectives.org/2012/03/the-jobs-act-is-so-criminogenic-that-it-guarantees-full-time-jobs-for-criminologists.html

    Here’s a little something for the on going conversation.

    http://www.nakedcapitalism.com/2012/04/does-the-2012-presidential-election-matter.html

    Have a Great Weekend and sometime this weekend I’ll put up some pictures of the art work I use to do and few other projects I worked on.

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  2. iconoclast_555’s avatar

    iconoclast_555 on April 14, 2012 at 3:41 am

    Stinker? It’s par for the course:

    “So Obama basically sacked Volcker to appease Wall Street and renamed the Economic Recovery Advisory Board, calling it the “President’s Council on Jobs and Competitiveness.” He also made a key decision at that time in putting Gene Sperling, a former adviser to both Larry Summers and Timothy Geithner, in charge of his National Economic Council.

    Sperling was a key figure in one of the great deregulatory efforts in recent American history, serving as Summers’s key negotiator during the repeal of the Glass-Steagall Act in 1999. Incidentally, just before he took the key Obama post, Sperling earned $887,727 from Goldman Sachs in 2008 for his “advice.” His deregulatory fervor would become another factor in the passage of the JOBS Act….”

    Obama’s economic staff are the real stinkers. Neoliberal through and through.

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  3. iconoclast_555’s avatar

    iconoclast_555 on April 14, 2012 at 3:57 am

    Wow with the nakedcapotalism article – and the comments.

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