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Jobs and the Economy

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President Obama inherited an economy in free fall, with huge deficits, skyrocketing health care costs, dwindling employment, and banking and housing markets on the brink of collapse. Working with the President, Democrats stabilized the financial system and helped to prevent a second Great Depression. An economy that was losing 700,000 jobs a month is now gaining jobs. We still have a long way to go, but we are now moving forward on the road to recovery.

President Obama and Democrats are fighting to strengthen our economy further and create jobs for American workers by ending tax loopholes for corporations, providing tax cuts to small businesses, investing in a clean-energy economy, and putting Americans to work rebuilding our infrastructure.

Recent Updates
  • Stand with President Obama and Democrats

    It's clear that 2012 election didn't usher in a less-extreme Republican Party. As the GOP prepares to vote on the Ryan budget, which gives the wealthiest Americans a massive tax cut at the expense of the middle class, it's more important than ever that we stand with President Obama and Democrats to protect our progress and move forward.

    Check out this email our chair, Debbie Wasserman Schultz, just sent to Democrats nationwide, then add your name to show your support.

    Friend --

    This week, my Republican colleagues in the House of Representatives will vote to give the wealthiest Americans a massive tax cut paid for by seniors, middle-class families, and students.

    This is a wake-up call. Last year's election didn't make the Republicans' policies any less extreme, and it didn't make them any less eager to enact them.

    I'm standing with President Obama and my Democratic colleagues to make good on the progress Americans voted for this past November, and I need you to stand with us.

    We've accomplished a tremendous amount together over the past four years, but it couldn't be more clear that our opponents will roll all of that progress back if we give them a chance. Let's not give them one.

    Let President Obama and other Democrats know that you're with us:

    http://my.democrats.org/Stand-with-President-Obama

    Thanks,

    Debbie

    Debbie Wasserman Schultz
    Chair
    Democratic National Committee

    P.S. -- Knowing who we can count on is important. If you're one of those people, please let us know.

  • Sound familiar?

    Paul Ryan's latest budget cuts taxes for the wealthy more than twice as much as Mitt Romney proposed. The only possible way Ryan and the Republicans could pay for such a deficit-busting plan would be with higher middle-class taxes, more debt, or both. Sound familiar?

    Paul Ryan's latest budget cuts taxes for the wealthy more than twice as much as Mitt Romney proposed. The only possible way Ryan and the Republicans could pay for such a deficit-busting plan would be with higher middle-class taxes, more debt, or both. Sound familiar?

  • “The worst of the Ryan budgets”

    Paul Ryan's "new" budget isn't just more of the same failed policy that the American people rejected decisively in the fall—it's "the worst of the Ryan budgets," "callous," and "ill-conceived." Share this if you're not interested in the Ryan-Republican top-down approach to our economy.

    Paul Ryan's "new" budget isn't just more of the same failed policy that the American people rejected decisively in the fall—it's "the worst of the Ryan budgets," "callous," and "ill-conceived." Share this if you're not interested in the Ryan-Republican top-down approach to our economy.

  • New Washington Post–ABC News poll shows it’s time for Republicans to listen to the American people

    After experiencing a devastating loss on November 6, you’d think that Republicans would have learned one of the lessons of the election: put aside ideology and work with Democrats on balanced solutions to the challenges America faces. But as we’ve seen over the past few months, Republicans continue to push the extreme positions that the American people rejected last November and are refusing to meet President Obama and Democrats halfway to find a balanced approach to our nation’s fiscal issues. We’ve seen this most clearly during the sequester debate: While Americans want the sequester to end and replace it with a smarter, balanced approach that asks the wealthy to pay a little more, Republicans are sticking to a cuts-only approach that slashes the very investments our nation needs to make to create jobs and get our economy humming again. Rather than taking stock after losing yet another national election on the very issues that are dominating the current debate over fiscal issues and trying to find common ground, Republicans are doubling down on their failed approach—and voters are noticing.

    Today’s Washington Post–ABC News Poll tells exactly that story. Americans’ disapproval of congressional Republicans is a stunning 72 percent—their highest disapproval in more than a year, not coincidentally coming one week after the GOP-forced sequester began. Why is this? Because Republicans refuse to compromise to get anything done. They refused to work with the President to find a solution that would have averted the sequester, and now the public is rejecting the indiscriminate across-the-board cuts Republicans chose over closing even one loophole that benefits the wealthiest. In fact, support for the Republican approach is dropping like a rock. In a WaPo-ABC poll prior to the sequester, 61 percent of Americans supported the cuts. Today, only 39 percent of Americans in the WaPo-ABC poll approve of them.

    And it gets worse for the GOP. Today’s poll shows that Americans are worried about the effects of the GOP sequester on the economy—only 28 percent want the cuts to continue, and by a 2-to-1 margin, Americans believe the cuts will hurt our economy and our military readiness. It’s perhaps not surprising then that today’s poll found that nearly half of all Americans—47 percent—blame Republicans for the sequester itself.

    And Americans don’t just blame Republicans for the sequester. They also reject their approach to replacing it and their fiscal priorities generally. A whopping 71 percent of Americans disapprove of Republicans’ proposals to cut Medicaid, and six in 10 oppose raising the Medicare eligibility age to 67.

    Despite all this, Republicans have embraced the sequester and a cuts-only approach to addressing our fiscal challenges. Republicans have alternatively praised the sequester or attempted to downplay its effects: One Tennessee Republican representative, Marsha Blackburn, said she and her constituents were “relieved” the sequester took place while Senator Rand Paul has said that the sequester, which could cost the country 800,000 jobs or more, is a “pittance.” Today’s poll shows Republicans are losing the argument on the sequester no matter which of those two messages, or any other, they trot out.

    Today’s WaPo-ABC poll is not a case of Republicans and the President splitting the difference on public opinion and girding for future battles on roughly equal footing. At a disapproval rating of 72 percent, congressional Republicans and their approach to the issues is being rejected by Americans from all walks of life—including by moderate (81 percent) and independent voters (74 percent). And, adding insult to self-inflicted injury, 53 percent of Republicans in the poll disapprove of the job performance of Republicans in Congress.

    My mama had some good advice for me growing up: "Son, if you’re stuck in a hole, stop digging." Republicans should put down the shovel and talk to mama.

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Romney/Ryan: Revealed Romney Tax Calculator
Recent Action
President Obama announced his Startup America Legislative Agenda
January 31, 2012
President Obama outlined his Startup America Legislative Agenda, which includes provisions that cut taxes for small businesses, gets capital to growing companies, and relieves the backlog of employment-based immigrant visas
Elevates Small Business Administrator
January 13, 2012
President Obama elevated the position of Small Business Administrator to Cabinet-level rank
Helping small businesses
Democrats passed the Small Business Jobs Act, spurring job creation by providing small businesses with tax breaks and better access to credit.
Milestones