Recession Job Losses

Nope, nothing to worry about here…

The good news is that it looks like the Senate has agreed on a stimulus bill that can pass.  The bad news is that it’s been watered down by about $140 billion.  What got cut?  This is probably a pretty good early indication:

Eliminations:

Head Start, Education for the Disadvantaged, School improvement, Child Nutrition, Firefighters, Transportation Security Administration, Coast Guard, Prisons, COPS Hiring, Violence Against Women, NASA, NSF, Western Area Power Administration, CDC, Food Stamps

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Reductions:

Public Transit $3.4 billion, School Construction $60 billion

But wait, it gets better:

Increases:

Defense operations and procurement, STAG Grants, Brownfields, Additional transportation funding

So… more money for Defense (‘cuz they’re always last in line when money gets handed out, poor bastards), at the expense of children and the poor.  Fantastic.  Not only is this a failure of basic humanity, it’s a failure of economics as well.  For all the Republicans’ and conservative Democrats’ wailing about all the "wasteful" and "un-stimulative" spending in the bill, none of them see any problem with the $300 billion in tax cuts, despite the fact that they’re roughly one-fifth as effective as those food stamp increases that just got whacked.

These cuts to the stimulus aren’t economics, they’re conservative politics: "You don’t want the government taking your hard-earned money and giving it to Those People, do you?  It should be given to the corporations so they can create more jobs!"  These wankers would rather let us spiral into another Depression than give kids and poor people even a fraction of the compassion they gave the pirates and clowns who got us into this mess.

Look at the graph.  Jobs are Wile E. Coyoting off the cliff, and after eight years of letting Bush throw money away on Iraq and upper-bracket tax cuts, Republicans and Connecticut-For-Liebermans decide that now is the time to suddenly care about fiscal responsibility again.  Just like I predicted when Obama helped push through the Wall Street bailout.  America’s well-being be damned, Republicans just want to make sure everyone knows their place, right to the bitter end.