Tag Archives: Job Creation

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Democrat Jim Cramer explains how Obamacare forces businesses to outsource

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Transcript:

CNBC’s Jim Cramer:  “This is — look, I think the debate is a fabulous one to have, but it has completely taken away from the fact that we are really going to have a hard time hiring once this plan is put in place. I’ve had a couple of CEOs come on just in the last few weeks. When you talk about whether they want to hire, this is what they bring up. Chipotle, look, use this as maybe one of the great job creators in this country and they pay a lot for their people. This is a company that is very forward. When I ask them, what does ObamaCare do for you? They just say well, nothing we hope because the Supreme Court has got to say no to it. I mean, this is at the front and center of what could derail the economy.”

MSNBC’s Joe Scarbarough: “You’re talking about health care reform?”

CNBC’s Jim Cramer:  “I’m just saying, look, the issue the Catholic charities issue, front and center, I want church and state separation, but whatever I want doesn’t matter as much as what I’m telling you. Business leaders fear this more than anything, they don’t want to hire, this is part of the underground economy. It’s gonna develop because no one wants people on the books because of ObamaCare and people have to recognize that this is a front and center issue for every CEO I deal with and another reason why they don’t want to hire here, they want to hire there. They want to put the jobs in Asia, they want to put the jobs in Mexico because they don’t want to think about how much more it’s going to cost to hire a new person. Don’t lose that debate. That is a major debate for the economy.”

Is Jim Cramer some sort of radical tea party conservative?

He wrote this in 2008:

What will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. The first step was passing the bank-bailout legislation. Now that it’s done—and if it didn’t get done we would have been looking at a guaranteed economic collapse—the critical issue will be presidential leadership. And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression.

Cramer back Barack Obama for President and is a well-known Democrat.

News

Indiana passes right-to-work law and is now open for business – and jobs

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Central United States
Central United States

From GOP USA.

Excerpt:

Indiana is poised to become the first right-to-work state in more than a decade after the Republican-controlled House passed legislation on Wednesday banning unions from collecting mandatory fees from workers.

It is yet another blow to organized labor in the heavily unionized Midwest, which is home to many of the country’s manufacturing jobs. Wisconsin last year stripped unions of collective bargaining rights.

The vote came after weeks of protest by minority Democrats who tried various tactics to stop the bill. They refused to show up to debate despite the threat of fines that totaled $1,000 per day and introduced dozens of amendments aimed at delaying a vote. But conceding their tactics could not last forever because they were outnumbered, they finally agreed to allow the vote to take place.

The House voted 54-44 Wednesday to make Indiana the nation’s 23rd right-to-work state. The measure is expected to face little opposition in Indiana’s Republican-controlled Senate and could reach Republican Gov. Mitch Daniels’ desk shortly before the Feb. 5 Super Bowl in Indianapolis.

“This announces especially in the Rust Belt, that we are open for business here,” Republican House Speaker Brian Bosma said of the right-to-work proposal that would ban unions from collecting mandatory representation fees from workers.

Republicans recently attempted similar anti-union measures in other Rust-Belt states like Wisconsin and Ohio where they have faced massive backlash. Ohio voters overturned Gov. John Kasich’s labor measures last November and union activists delivered roughly 1 million petitions last week in an effort to recall Wisconsin Gov. Scott Walker.

Indiana would mark the first win in 10 years for national right-to-work advocates who have pushed unsuccessfully for the measure in other states following a Republican sweep of statehouses in 2010. But few right-work states boast Indiana’s union clout, borne of a long manufacturing legacy.

Every time one state enacts a right-to-work law, it puts competitive pressure on other states. The reason why is because businesses are attracted to right-to-work states, and they will prefer to expand there, rather than in union-friendly states. In fact, some companies will just up and move to right-to-work states, leaving the union-friendly states with no employers at all.

News

Did Obama really create jobs with his green energy and stimulus programs?

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From Hans Bader writing for the DC Examiner.

Excerpt: (links removed)

There are only 140,000 jobs in the whole renewable-energy sector, but in a new ad, Obama is taking credit for a “clean energy industry” that has “2.7 million jobs.”  Obama inflated the number of “clean-energy” jobs by adding people who have nothing to do with clean-energy, like “trash collectors” and bureaucrats.  By inflating the total, Obama was able to paper over his complete failure to live up to his utterly unrealisticcampaign promise “to create 5 million new green jobs.” Most of America’s existing green jobs predate the Obama Administration, which did not create them: “from 2003-2010, the rate of growth for clean jobs was 3.4 percent.”

Indeed, the Obama Administration used federal green-jobs money to outsource American jobs to countries like China: “Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop” at American University.   “79 percent” of all green-jobs funding “went to companies based overseas,” with the largest payment going to a bankrupt Australian company.  “Most of the jobs are going overseas,” said Russ Choma at the Investigative Reporting Workshop.

Meanwhile, America actually lost jobs in wind-manufacturing: “Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.”  (CBS News recently reported that there are 11 more companies, in addition to Solyndra, that are embroiled in financial trouble after receiving billions of dollars in taxpayer money; five have already filed for bankruptcy).

Obama’s mythical green-jobs are like other imaginary jobs he claimed to have created with the $800 billion stimulus package.  The Obama Administration took credit for jobs created in 440 non-existent Congressional districts, such as Arizona’s 15th and 86th districts (Arizona only had 8 Congressional districts, as ABC News noted with amusement).  The Washington Examiner noted that at least “75,000 jobs” Obama has claimed credit for are “clearly imaginary” or “highly doubtful.” Readers can view its interactive map of “Inflated Jobs by State.”

He’s going to have trouble defending this in a debate, as long as we pick someone who will go after him.