Clinton offers Obama sound advice on how to put Americans back to work!

James Cessna · Jun 21, 2011

Bill Clinton offers Barack Obama some sound advice on how to put Americans back to work!

Many people do not know this, but the United States' economy created 23 million jobs during Bill Clinton's presidency. Also, during Clinton's presidency, total payroll employment grew 21.1%, far outstripping U.S. population growth of 8.9%.

What is wrong with the policies of Barack Obama? Obama has had three years now to get it right and he is still fumbling around seeking a workable solution. Under Obama, fourteen million Americans remain out of work, a waste of our greatest resource. Was Obama correct when he told us in 2007 he was not ready to be president?

In the following article by Newsweek Magazine, Bill Clinton offers Barack Obama more than a dozen ideas on how to attack our continuing jobs crisis.

SPEED THE APPROVALS

Harry Hopkins had nowhere near the rules and regulations we have now. (In 1933, Hopkinss Civil Works Administration put 4 million to work in a month.) I dont blame the people in the White House for problems in getting shovel-ready projects off the ground; sometimes it takes three years or more for the approval process. We should try to change this: keep the full review process when there are real environmental concerns, but when there arent, the federal government should be able to give a waiver to the states to speed up start times on construction projects. We gave states waivers to do welfare reform, so by the time I signed the bill, 43 of the 50 states had already implemented their own approaches. We need to look at that.

CUT CORPORATE TAXES

Its true that our corporate rates are the second-highest in the world. But its also true that what our corporations actually pay is nowhere near the second-highest percentage of their real income in the world. So Id be perfectly fine with lowering the corporate tax rates, simplifying the tax code, and saving some money on accountants, but broadening the tax base so that all of them pay a reasonable amount of tax on their profits. Thats what the Bowles-Simpson commission recommended, and its the right policy. Lower the rates to be competitive, but reduce the loopholes that cause unfair disparities. We all need to contribute something to help meet our shared challenges and responsibilities, including solving the debt problem.

ENFORCE TRADE LAWS

We lost manufacturing jobs in every one of the eight years after I left office. One of the reasons is that enforcement of our trade laws dropped sharply. Contrary to popular belief, the World Trade Organization and our trade agreements do not require unilateral disarmament. Theyre designed to increase the volume of two-way trade on terms that are mutually beneficial. My administration negotiated 300 trade agreements, but we enforced them, too. Enforcement dropped so much in the last decade because we borrowed more and more money from the countries that had big trade surpluses with us, especially China and Japan, to pay for government spending. Since they are now our bankers, its hard to be tough on their unfair trading practices. This happened because we abandoned the path of balanced budgets 10 years ago, choosing instead large tax cuts especially for higher-income people like me, along with two wars and the senior citizens drug benefit. In the history of our republic, its the first time we ever cut taxes while going to war.

And there is much more.

http://www.newsweek.com/2011/06/19/it-s-still-the-economy-stupid.html
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Clint Torres · Jun 22, 2011

You all give Obama too much credit. LOL.

SiliconMagician · Jun 22, 2011

James Cessna said: ↑

Bill Clinton offers Barack Obama some sound advice on how to put Americans back to work!

Many people do not know this, but the United States' economy created 23 million jobs during Bill Clinton's presidency. Also, during Clinton's presidency, total payroll employment grew 21.1%, far outstripping U.S. population growth of 8.9%.

What is wrong with the policies of Barack Obama? Obama has had three years now to get it right and he is still fumbling around seeking a workable solution. Under Obama, fourteen million Americans remain out of work, a waste of our greatest resource. Was Obama correct when he told us in 2007 he was not ready to be president?

In the following article by Newsweek Magazine, Bill Clinton offers Barack Obama more than a dozen ideas on how to attack our continuing jobs crisis.
Click to expand...

Yeah I read that article and out of the 12 things or whatever he suggests those 3 above are the only ones I agree with.

The rest is the same liberal crap about "Great Leap Forward" style jobs programs straight out of the 1930's liberals have been screaming for since the WPA was dismantled during World War II.

The WPA was the most tyrannical and socialist institution in Ameircan history. They had a dry cleaner arrested and fined because he was charging a nickle for dry cleaning when then WPA mandated price was ten cents. I can't imagine why anyone would want to bring back that tyranny.

ronmatt · Jun 22, 2011

SiliconMagician said: ↑

Yeah I read that article and out of the 12 things or whatever he suggests those 3 above are the only ones I agree with.

The rest is the same liberal crap about "Great Leap Forward" style jobs programs straight out of the 1930's liberals have been screaming for since the WPA was dismantled during World War II.

The WPA was the most tyrannical and socialist institution in Ameircan history. They had a dry cleaner arrested and fined because he was charging a nickle for dry cleaning when then WPA mandated price was ten cents. I can't imagine why anyone would want to bring back that tyranny.
Click to expand...

We do not learn from our mistakes. This generation has no idea of what really happened in the 40's or 30's. They believe that we still need unions because they are convinced that labor issues in America are the same now as they were in the 30's. They are convinced that government can solve the problems that government creates. They are certain that FDR was the 2nd coming and that BHO is the 3rd coming.

James Cessna · Jun 22, 2011

"Yeah. I read that article and out of the 12 things or whatever he suggests those 3 above are the only ones I agree with.

The rest is the same liberal crap about "Great Leap Forward" style jobs programs straight out of the 1930's liberals have been screaming for since the WPA was dismantled during World War II."

The WPA was the most tyrannical and socialist institution in Ameircan history. They had a dry cleaner arrested and fined because he was charging a nickle for dry cleaning when then WPA mandated price was ten cents. I can't imagine why anyone would want to bring back that tyranny."

quote=ronmatt;4077149]We do not learn from our mistakes. This generation has no idea of what really happened in the 40's or 30's. They believe that we still need unions because they are convinced that labor issues in America are the same now as they were in the 30's. They are convinced that government can solve the problems that government creates. They are certain that FDR was the 2nd coming and that BHO is the 3rd coming!
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Once again, you are very correct, ronmatt.

Please check this out.

"Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943."

In the three years following the implementation of Roosevelt's policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.

Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.

"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."

The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.

Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.

Roosevelt's role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century's second-most influential figure.

"This is exciting and valuable research," said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. "The prevention and cure of depressions is a central mission of macroeconomics, and if we can't understand what happened in the 1930s, how can we be sure it won't happen again?"

NIRA's role in prolonging the Depression has not been more closely scrutinized because the Supreme Court declared the act unconstitutional within two years of its passage.

"Historians have assumed that the policies didn't have an impact because they were too short-lived, but the proof is in the pudding," Ohanian said. "We show that they really did artificially inflate wages and prices."

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
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JIMV · Jun 22, 2011

I am sorry but the only real advice I would take from Clinton, based on his actual expertise, would be to legalize and expand prostitution and open/tax brothels in every community.

SiliconMagician · Jun 22, 2011

JIMV said: ↑

I am sorry but the only real advice I would take from Clinton, based on his actual expertise, would be to legalize and expand prostitution and open/tax brothels in every community.
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At least Obama doesn't have Eric Holder doing stuff like this:

JIMV · Jun 22, 2011

Don't forget the ATF scandal...Folk are dead as a result of the government.

James Cessna · Sep 10, 2011

JIMV said: ↑

Don't forget the ATF scandal...Folk are dead as a result of the government.
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You are very correct, JIMV

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