Should you vote? Does your vote matter? If you care about jobs, your vote really, really matters this time. If the Tea Party wave does manage to take over the House and/or Senate the plans they have announced will mean a jobs crisis far beyond anything we are seeing now.
Republicans say that cutting government spending to reduce deficits (and cutting taxes on the rich to bring them back) will create jobs by lowering interest rates. While they refuse to say what they will cut, they pledge to cut a lot. What will be the effect of cuts on jobs? Lowering interest rates is not going to happen because interest rates are already zero, but the cuts will clearly cost jobs. We know this for sure because in the last two years state budget cuts caused layoffs that simply overwhelmed job creation elsewhere — so many people were laid off by states that jobs created by the stimulus and private sector just didn’t register. So we can expect more of this.
Will their tax cuts for the rich create jobs? Bush cut taxes for the rich, and his two terms created a net of … wait for it … zero jobs. So don’t hold your breath waiting for jobs to come out of that plan. Businesses need customers, not tax cuts.
So what about ideas to get customers to businesses? Don’t get your hopes up there, either. Republicans want to get rid of any remaining stimulus designed to take up the slack in demand in our economy.
How about jobs from maintaining and modernizing our infrastructure — and the long-term job creation that comes from making our economy more competitive? Republicans call maintaining and modernizing the infrastructure “government spending” and since government spending is bad, ain’t gonna happen.
What about doing something about companies that send jobs out of the country? Well just a few weeks ago Democrats voted to repeal the tax break that encourages job outsourcing. Every single Republican voted to keep it. So don’t get your hopes up there, either.
So what about working with the other side to come up with new ways to create jobs? Republicans blocked everything for the last two years — something like 420 bills were filibustered, plus many nominees to agencies and the courts. So expect more stalemate – which means no action on jobs, unemployment or anything else.
If You Care About Jobs
If you care about jobs you had best get out and vote. The change that is coming if you don’t vote is not the change you want.