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Saturday, September 11, 2010

WH Blog: "What This Nation Was Founded On"

Posted by Jesse Lee on September 10, 2010 at 6:33 PM EDT

Earlier today the President held a press conference in the East Room of the White House. He gave opening remarks on the economy, saying that America faces a choice between going forward towards an economy that works for the middle class and rewards hard work, or going back to the economy that works for special interests and rewards the kind of recklessness that caused the economic disaster we are now emerging from.

He also announced that Austan Goolsbee -- who he described as "a brilliant economist," and "someone who has a deep appreciation of how the economy affects everyday people" -- would be taking over as the Chair of the Council of Economic Advisers. Goolsbee will be replacing Christian Rohmer, who resigned.

When asked about the mosque and community center in New York that has garnered so much attention recently, he reiterated that religious freedom is a bedrock principle of this country, and that "I’ve got Muslims who are fighting in Afghanistan in the uniform of the United States armed services. They’re out there putting their lives on the line for us."

The standard Republican argument is that GOP political aspirant has been a small businessmen who created jobs and is therefore more qualified to be in office than apolitican who worked for someone else. Of course, when you look at GOP administrations over time, they create half the jobs that Democratic administrations create according to a study in the Worker Independent News. See http://www.laborradio.org/node/14137

Republicans have always been more concerned about worker productivity than employment. In fact, US workers are perhaps the most productive in the world:
  1. American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe.
  2. they produce more per person over the year.
  3. they also get more done per hour than everyone but the Norwegians, according to a U.N. report.
  4. The UN report said the United States "leads the world in labor productivity."
  5. Each U.S. worker produces $63,885 of wealth per year, more than their counterparts in all other countries according to the International Labor Organization
The productivity figure is found by dividing the country's gross domestic product by the number of people employed. The U.N. report is based on 2006 figures.

Only part of the U.S. productivity growth, which has outpaced that of many other developed economies, can be explained by the longer hours Americans are putting in, the ILO said.

The U.S., according to the UN report, also beat all 27 nations in the European Union, Japan and Switzerland in the amount of wealth created per hour of work,  a second key productivity measure.

Will electing a former business person to office help create jobs? This seems unlikely because business people are more concerned with making profits by forcing employees to work harder. Owners only hire new employees when it is essential.

source: http://www.cbsnews.com/stories/2007/09/03/business/main3228735.shtml

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