Monday, January 24, 2011

Texas Depended Most On Federal Stimulus Of Any State

Gov. Perry has been a consistent critic of government spending, frequently pointing to Texas as proof that conservative budget austerity -- spending cuts coupled with low taxes -- works.

Gov. Perry raised his national profile by repeatedly criticizing the Obama administration’s support of the American Recovery and Reinvestment Act (i.e. federal stimulus) in response to a near collapse of the American economy during Pres. Bush's administration.

In contrast to Perry's criticism of the Recovery and Reinvestment Act, the Texas legislature used federal stimulus funds to fill almost the entire budget deficit for fiscal 2009-2010, even as Perry scored political points grandstanding against the Federal Government. According to a report from the National Conference of State Legislatures released Monday, Texas relied more heavily on stimulus funding to patch over its structural budget deficit problem than any other state:
Turns out Texas was the state that depended the most on those very stimulus funds to plug nearly 97% of its shortfall for fiscal 2010, according to the National Conference of State Legislatures.

Texas, which crafts a budget every two years, was facing a $6.6 billion shortfall for its 2010-2011 fiscal years. It plugged nearly all of that deficit with $6.4 billion in Recovery Act money, allowing it to leave its $9.1 billion rainy day fund untouched.
As Texas grappled with its 2009-2010 state budget deficit during the 2009 legislative session Gov. Perry made headlines for months proclaiming that President Obama’s economic stimulus plan was unneeded and unwelcome in Texas and "we can take care of ourselves.”

Perry, speaking in support of conservative fiscal ideology, said that federal money from Washington is so onerous to "all" Texans that we may rise up in revolt and secede from the United States by invoking the 10th Amendment of the U.S. Constitution.

Yet, Gov. Perry wrote a letter to President Obama accepting all of Texas' $17 billion share of the federal stimulus money made available by the stimulus legislation signed into law by Obama. (Read Perry's letter to President Obama) On the same day Perry asked Pres. Obama for the bailout money, he started a petition called "No Government Bailouts."
"Join our fight and add your voice to a growing list of several thousand Americans who are fed up with this irresponsible spending that threatens our future," Perry wrote on his blog on Feb. 18, 2009.
Texas used Recovery Act stimulus money not only to fill the state's 2009-2010 budget gap, but also to fund billions of dollars in infrastructure projects over the past two years.

After nearly two years of criticizing the fiscal policies of the Obama administration and touting “the hard work that Texas and states like ours have done to make prudent fiscal decisions,” Texas faces a budget fiasco on par with that in California.

Gov. Perry says the state's conservative budget austerity yields "fertile ground for job growth," yet in 2010 the state created only new 230,800 jobs to replace the 359,000 jobs lost in 2009. The Texas Workforce Commission reports the unemployment rate in Texas was 8.3 percent in December, up from 8.2 percent in November. As unemployment continues to deepen Texas'unemployment rate remains near 22-year highs.

While tax revenues have steadily declined due to a sluggish economy and job cuts across Texas, Gov. Perry has continually dismissed the idea that Texas has a growing structural budget deficit problem.

With the economy still sluggish the state comptroller estimated that tax revenues will further decline in fiscal 2012-2013. But, now, the Federal stimulus money to make up the difference is running out. The state comptroller now projects Texas has a $27 billion deficit for fiscal 2012-2013. State lawmakers last week released an austere budget for the 2012-2013 fiscal years that cuts $31 billion in spending. Public schools, colleges, collage students, Medicaid and social services, public safety (police and prisons) and transportation will all be hit hard.

If Texas can not produce a well educated workforce, or build and maintain roads, or keep crime off the streets, how does that make "fertile ground for job growth?"

President Obama: JFK On The 50th Anniversary Of His Inauguration


President Obama celebrates the
50th anniversary of JFK's Inauguration
Kennedy Center
President Barack Obama last Thursday paid tribute to President John F. Kennedy on the anniversary of his inauguration 50 years ago.

"We are the heirs of this president, who showed us what is possible," Obama said. "Because of his vision, more people prospered, more people served, our union was made more perfect. Because of that vision I can stand here tonight as president of the United States."

He said Kennedy led a "volatile America, in this tinderbox of a world," with a steady hand, "defusing the most perilous crisis since the Cold War without firing a single shot."

Pres. Obama also noted Kennedy's work to help blacks attend their choice of college, launch the Peace Corps of goodwill ambassadors around the world and set America's sights on landing on the moon. "He knew that we, as a people, can do big things. We can reach great heights. We can rise to any challenge, so long as we're willing to ask what we can do for our country," Obama said, recreating one of the more memorable lines from Kennedy's inaugural address.

As President Obama prepares to give his State of the Union address before Congress on Tuesday, I hope he remembers some more of JFK's words:

John F. Kennedy, 35th President of the United States
September 14, 1960 - From JFK Library Archive

What do our opponents mean when they apply to us the label "Liberal?" If by "Liberal" they mean, as they want people to believe, someone who is soft in his policies abroad, who is against local government, and who is unconcerned with the taxpayer's dollar, then the record of this party and its members demonstrate that we are not that kind of "Liberal." But if by a "Liberal" they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people -- their health, their housing, their schools, their jobs, their civil rights, and their civil liberties -- someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what they mean by a "Liberal," then I'm proud to say I'm a "Liberal."

But first, I would like to say what I understand the word "Liberal" to mean and explain in the process why I consider myself to be a "Liberal," and what it means in the presidential election of 1960.

In short, having set forth my view -- I hope for all time -- two nights ago in Houston, on the proper relationship between church and state, I want to take the opportunity to set forth my views on the proper relationship between the state and the citizen. This is my political credo:

I believe in human dignity as the source of national purpose, in human liberty as the source of national action, in the human heart as the source of national compassion, and in the human mind as the source of our invention and our ideas. It is, I believe, the faith in our fellow citizens as individuals and as people that lies at the heart of the liberal faith. For liberalism is not so much a party creed or set of fixed platform promises as it is an attitude of mind and heart, a faith in man's ability through the experiences of his reason and judgment to increase for himself and his fellow men the amount of justice and freedom and brotherhood which all human life deserves.

I believe also in the United States of America, in the promise that it contains and has contained throughout our history of producing a society so abundant and creative and so free and responsible that it cannot only fulfill the aspirations of its citizens, but serve equally well as a beacon for all mankind. I do not believe in a superstate. I see no magic in tax dollars which are sent to Washington and then returned. I abhor the waste and incompetence of large-scale federal bureaucracies in this administration as well as in others. I do not favor state compulsion when voluntary individual effort can do the job and do it well. But I believe in a government which acts, which exercises its full powers and full responsibilities. Government is an art and a precious obligation; and when it has a job to do, I believe it should do it. And this requires not only great ends but that we propose concrete means of achieving them.

Our responsibility is not discharged by announcement of virtuous ends. Our responsibility is to achieve these objectives with social invention, with political skill, and executive vigor. I believe for these reasons that liberalism is our best and only hope in the world today. For the liberal society is a free society, and it is at the same time and for that reason a strong society. Its strength is drawn from the will of free people committed to great ends and peacefully striving to meet them. Only liberalism, in short, can repair our national power, restore our national purpose, and liberate our national energies. And the only basic issue in the 1960 campaign is whether our government will fall in a conservative rut and die there, or whether we will move ahead in the liberal spirit of daring, of breaking new ground, of doing in our generation what Woodrow Wilson and Franklin Roosevelt and Harry Truman and Adlai Stevenson did in their time of influence and responsibility.

Our liberalism has its roots in our diverse origins. Most of us are descended from that segment of the American population, which was once called an immigrant minority. Today, along with our children and grandchildren, we do not feel minor. We feel proud of our origins and we are not second to any group in our sense of national purpose. For many years New York represented the new frontier to all those who came from the ends of the earth to find new opportunity and new freedom, generations of men and women who fled from the despotism of the czars, the horrors of the Nazis, the tyranny of hunger, who came here to the new frontier in the State of New York. These men and women, a living cross section of American history, indeed, a cross section of the entire world's history of pain and hope, made of this city not only a new world of opportunity, but a new world of the spirit as well.

But in 1960 the cause of liberalism cannot content itself with carrying on the fight for human justice and economic liberalism here at home. For here and around the world the fear of war hangs over us every morning and every night. It lies, expressed or silent, in the minds of every American. We cannot banish it by repeating that we are economically first or that we are militarily first, for saying so doesn't make it so. More will be needed than goodwill missions or talking back to Soviet politicians or increasing the tempo of the arms race. More will be needed than good intentions, for we know where that paving leads.

In Winston Churchill's words, "We cannot escape our dangers by recoiling from them. We dare not pretend such dangers do not exist."

This is an important election -- in many ways as important as any this century -- and I think that the Democratic Party and those who believe in progress all over the United States, should be associated with us in this great effort. The reason that Woodrow Wilson and Franklin Roosevelt and Harry Truman and Adlai Stevenson had influence abroad, and the United States in their time had it, was because they moved this country here at home, because they stood for something here in the United States, for expanding the benefits of our society to our own people, and the people around the world looked to us as a symbol of hope.

I think it is our task to re-create the same atmosphere in our own time. Our national elections have often proved to be the turning point in the course of our country. I am proposing that [this time] be another turning point in the history of the great Republic.

I say this is the great opportunity that we will have in our time to move our people and this country and the people of the free world beyond the new frontiers...



John F. Kennedy Democratic National Convention
Nomination Acceptance Address
15 July 1960, Memorial Coliseum, Los Angeles

-------------------------------------------

President John F. Kennedy's Inauguration Speech
January 20, 1961
Other Speeches by JFK

Texas Economy Struggling Under Republicans

Posted at Jobsanger

The following headline appeared in the Fort Worth Star-Telegram: Texas added 230,800 jobs in December, Workforce Commission says

[But, the first paragraph of the Star-Telegram story says, "Texas employers added 20,000 jobs in December for a total of 230,800 for all of 2010, the Texas Workforce Commission said Friday.]

That 230,800 jobs did not come close to making up for the 359,000 jobs lost in the state. And the number of jobs created in December did not even keep up with the number of people entering the work force. The unemployment rate actually climbed by 0.1% in December and now sits at 8.3% (not counting the people who's benefits have run out, who have given up looking for work, or who are working part-time because they can't find full-time work).

And that doesn't count what the Republican legislature is fixing to do to the Texas economy. The House's Legislative Budget Board has recommended massive cuts to the state budget (and the Senate's recommendations are expected to be as bad). These cuts would eliminate around 10,000 state jobs and make huge cuts to education -- cuts that some think could result in the lay-off of 100,000 teachers and other school employees statewide.

[These cuts in employment will ripple through the state economy causing additional lay-offs across other private businesses. That will result in a further hit to the state's sales tax revenue and create another state budget deficit which will result in future rounds budget cuts and lay-offs ad infinitum.] In spite of all this, our governor continues to brag about the state's economy. He's not just wrong -- he's a fool.

The Texas economy is not doing well at all, and when the legislature finishes there work this session it will be doing even worse. We are probably looking at another year where job losses outnumber job creations. As usual, the Republicans have taken a booming economy and thrown it in the dumper.

Sunday, January 23, 2011

Departure Of Keith Olbermann From MSNBC

Juan Cole says it best:

People are blaming the abrupt departure of Keith Olbermann from MSNBC on that company’s merger with Comcast and Olbermann’s loss of the protection and patronage of Jeff Zucker, the former head of NBC programming. MSNBC says that the issue has nothing to do with Comcast.

Whether Comcast is the villain of the piece directly, things like the Comcast merger with MSNBC are responsible for there being very few voices on American television (and despite the proliferation of channels) like Olbermann’s. And for there being relatively little news on the “news” programs. Time Warner, General Electric and Comcast (partners in NBC), Viacom, Disney, and Rupert Murdoch’s Newscorp own almost all television news. In other words, six big corporations determine what you will hear about the world if you get your news from television. There are fewer and fewer t.v. news outlets that do not belong to one of these six, a process called media consolidation.

For reasons of profit-seeking, when Disney acquired ABC, it looted the company’s news divisions. Profits are not to be had in hard news, but rather in tabloid news. It used to be that human interest stories would be ‘dessert,’ but they have become the main meal.

Ironically,former NBC anchor Tom Brokaw was one of Olbermann’s biggest critics, afraid that the latter’s flamboyant and polarizing style would tarnish the reputation of regular NBC newsmen for objectivity.

What Brokaw seems not to have noticed is that NBC and MSNBC did, like most television news, a miserable job of covering the Iraq issue in 2002-2003–mainly buying White House propaganda. The powerful bias toward the point of view of the rich and powerful and well-connected in Washington demonstrated by all the major tv news outlets in 2002-2003 makes Olbermann look like a staid centrist.

We’ll miss Keith. But it isn’t about him. It is about the ever-narrowing character of public comment in the US, about the few having most of everything. It is about media consolidation.