Economy

FreedomWorks launches robust Congressional Scorecard and Key Votes

FreedomWorks Vote Track/Scorecard

FreedomWorks has done it again. One of the most well known, hardest working grassroots organizations in Washington has come up with some great tools in the last couple of years. Freedom Connector, a social networking site launched last year by FreedomWorks, provides users with an easy way to meet like-minded activists in their area and plan events.

The organization has also put together FreePAC, events that bring activists together to hear speakers and gain training to take back home to put to use during an election year or on ballot initiatives. The first FreePAC, held in July, was a resounding success, the second event, which will take place this weekend in Cincinnati, Ohio is also sure to impress.

But FreedomWorks has come up with yet another useful tool, a vote tracker, for activists and concerned voters who are interested in tracking votes in Congress on economic issues, perhaps the most important matter facing the United States.The vote tracker also includes a scorecard so voters can see if their representatives and senators in Washington have the best interests of taxpayers at heart.

Another dismal jobs report

The Bureau of Labor Statistics (BLS) dropped a bomb this morning. Yesterday, there were some positive signals that job growth was increasing compared to recent months. The ADP estimate for August came in at 201,000, which was much higher than the 140,000 estimate.

But the official job report for August was nowhere near expectations. According to the BLS, the economy created 96,000 jobs in August with estimates for June and July being revised downward:

U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.

The unemployment rate fell to 8.1 percent from 8.3 percent in July, but only because more people gave up looking for work. The government only counts people as unemployed if they are actively searching.

The Labor Department also says 41,000 fewer jobs were created in July and June than first estimated. The economy has added just 139,000 jobs a month since the beginning of the year, below 2011’s average of 153,000.

That’s not good at all, folks. Remember that the economy needs to create 150,000 jobs each month just to keep up with population growth. So while the spin will be that this is positive, but the economy is still experiencing essentially a net-zero job growth and more people are giving up hope of finding work. Futhermore, James Pethokoukis notes that “[i]f labor force rate had just stayed same as last month, [the]unemployment rate would be 8.4%.”

Promising poll numbers for Romney-Ryan

It’s still far too early in the game to take polls seriously, though it’s hard to ignore them either. Polls really matter around 60 days away from an election. But given how Mitt Romney’s selection of Rep. Paul Ryan (R-WI) for his running mate was supposed to be a political loser from the word “go,” polls are showing that he has received a bit of a bounce.

While Gallup may not show a bounce for Romney in its national tracking poll, other polls aren’t backing that up. Via Hot Air comes numbers from Ohio and Virginia, two very crucial states in the upcoming presidential election, showing good news for Romney. The numbers, however, also show positives for Obama in Colorado and Florida:

Romney has seen the largest gain in Ohio, a state we have seen bounce between the campaigns over the last few months. Today, the GOP ticket leads by 2 points (46% to 44%), compared to July when President Obama led the state 48% to 45%. Romney also gained ground in Virginia – today, he and Paul Ryan hold a 3-point advantage in the race (48% to 45%), while Romney trailed by 2 points in July.

However, President Obama has seen improvements in Colorado and Florida. In Colorado, the Obama-Biden ticket now leads 49% to 46%, an increase from a 1-point lead in July. In Florida, the Democratic ticket trails by just 1 point (48% to 47%), compared to a 3 point deficit in July…

Romney Runs from Spending Cuts

Written by Tad DeHaven, a budget analyst at the Cato Institute. Posted with permission from Cato @ Liberty.

According to the Associated Press, Mitt Romney supports postponing the sequestration cuts scheduled for January 2, 2013 by at least one year:

The Republican presidential contender said Friday during a campaign trip to Las Vegas that the cuts would be “terrible,” particularly for the military.

Congress approved the cuts as part of a deal to reduce the deficit. They were designed to help lawmakers come up with a better plan. But that didn’t happen — so the cuts are scheduled to go into effect next year.

Romney says he wants President Barack Obama and lawmakers to work together to put, in his words, “a year’s runway,” in place to give the next president time to reform the tax system and ensure the military’s needs are met.

In other words, Romney’s position on sequestration is no different than the rest of the spendthrifts in Washington.

5 Reasons Why You Might Want to Vote for Barack Obama

Note: This is part two of a three-part series that will cover reasons that a voter may choose to support a specific presidential candidate. Part 3 for Gary Johnson will be online tomorrow. Part 1 for Mitt Romney is available here.

I never thought I’d be writing a post of reasons why someone should vote for Barack Obama, but I’ve given it some thought and have found that even though Obama has zero chance of getting my vote in November, there are some reasons voting for him might make sense. He won’t get my vote, but maybe he’s the guy for you. Here are some reasons you might want to vote for him.

You believe a Democrat victory is all that matters.

If you think Democrats are generally “for the people” and that Republicans are generally “against the people,” you’re wrong. (They’re both usually against the people.) But if you think that the Democrats are the good guys, you don’t have much of a decision to make. Vote Obama, and hope for the best.

You want division between the executive and legislative branches of government.

If the latter years of the Bush presidency proved anything, it’s that leaving one party in charge of the House, Senate, and White House is a recipe for runaway government. The GOP is going to keep the House in November and is expected to gain good ground in the Senate. If Obama is pushing for big government, Republicans will oppose it; but if Romney is pushing big government, Republicans will (for the most part) be cheering him all the way. Dividing government is a sure way to stall the erosion of freedom.

You and Obama are the same color.

International Data on Living Standards Show that the United States Should Not Become More Like Europe

Written by Daniel J. Mitchell, a senior fellow at the Cato Institute. Posted with permission from Cato @ Liberty.

I’m not a big fan on international bureaucracies, particularly the Paris-based Organization for Economic Cooperation and Development. The OECD, funded by American tax dollars, has become infamous for its support of statist pro-Obama policies.

Economy barely growing, Obama still pushing tax hikes

If you were hoping that the recent economic report would bring a change in direction from the White House on taxes, you were no doubt let down. The Commerce Department reported on Friday that gross domestic product (GDP) grew by only 1.5% in the second quarter of the year and consumer spending was down, once again showing the weakness of the economic recovery.

When pressed on whether or not the weak economic growth would bring a change in direction from President Obama, who is trying pushing tax hike proposal through Congress, White House Press Secretary Jay Carney insisted that tax hikes during a slow economy weren’t a bad idea. Alan Krueger, President Obama’s top economic adviser, also said that the reason the economy was lagging was because state governments need more stimulus spending.

It seems, however, that not only will the White House push more stimulus gimmicks, they are going to continue to push a tax hike that will have anywhere from a 1.3% to 2.9% contraction in the economy.

But Keynesians pushing a tax hike during tough economy times is question, one that would probably earn the ire of the man himself. Christina Romer, who served as an economic adviser to President Obama, once noted that tax hikes hurt the economy:

The Bain of Obama’s Existence

Barack Obama

With three and a half months to go until the election, the Obama campaign team is becoming more desperate; unsurprising considering Obama is in a statistical dead heat with Mitt Romney despite having so many things going for him (the power of presidential incumbency, the desire of many Americans to see the first black president be successful, the vast majority of the national media solidly in his camp, etc.). Unfortunately for the Obama campaign, the continued bad economic news and a series of unforced verbal errors by Obama has made the going even tougher for Obama.

The latest low for the Obama campaign came recently when Obama surrogate, deputy campaign manager Stephanie Cutter, accused Mitt Romney of being a felon IF he misrepresented his role at Bain Capital while signing SEC (Securities and Exchange Commission) documents subsequent to his departure. This is a cheap political move, meant to plant the seed of corruption in voters’ minds, regardless of whether the claim is true. This particular one has already been debunked repeatedly, but in keeping with the “Big Lie” propaganda technique written of in Hitler’s book, Mein Kampf, the Obama campaign team keeps throwing it out.

From the Washington Post FactChecker website: “We’ve gone over this problem with the Obama campaign before, awarding three Pinocchios to a January memo the team released blaming Romney for job losses and bad deals that took place after the former executive had stopped working for Bain. . . . These facts essentially exonerate Romney from allegations that he was responsible for any outsourcing, bad deals and layoffs that occurred with Bain’s companies in the early 2000s.”

Gallup: Voters trust Romney over Obama on economy

Over the last month or so, President Barack Obama’s campaign has been hammering Mitt Romney over his time at Bain Capital, making charges of outsourcing and carelessly throwing around potential illegal activity. But voters aren’t buying it. In fact, a new Gallup poll shows that voters trust Romney more on the economy than Obama and view his time at Bain Capital as a positive:

Despite concerted Democratic attacks on his business record, Republican challenger Mitt Romney scores a significant advantage over President Obama when it comes to managing the economy, reducing the federal budget deficit and creating jobs, a national USA TODAY/Gallup Poll finds.

By more than 2-1, 63%-29%, those surveyed say Romney’s background in business, including his tenure at the private equity firm Bain Capital, would cause him to make good decisions, not bad ones, in dealing with the nation’s economic problems over the next four years.

Want to stop jobs from going overseas?

Outsourcing

It seems a day doesn’t go by that I don’t see or hear someone complaining about jobs going overseas.  They invariably want the government to do something to keep jobs on American shores.  They blame “greedy corporations” for seeking profit and not looking out for the interests of Americans who desperately need jobs.

Well, those Americans really do need jobs, so here are some helpful tips to help bring those jobs back to American shores.

1. End the unions

Unions are a large chunk of the reason many companies have looked overseas for labor.  Unions, which once existed as a way to deal with abusive management, now seek to line pockets.  Not just theirs, but those of their members.  Through collective bargaining, they have jacked up wages for what are often unskilled positions to a point that borders on the ridiculous.  In some cases, that border is crossed.  Reports of auto workers with high school educations making six figure incomes while not filling any kind of management role are a prime example.

The thing is, non-union shops in the same industries often pay comperable wages.  They simply expect more work out of their employees, minimizing the number of people required.  Companies want the best workers they can get, and even without unions you won’t see wages plummet.  The best and brightest want to be compensated, and they will be.

However, if unions continue to push for more and more, then more and more companies will seek to move their operations overseas.

2. End the EPA


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