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Wednesday, October 26, 2016

Durbin Says American Jobs Act Can’t Pass Senate

Since his high profile September 8th address to Congress, President Obama has taken every available opportunity to implore legislators to pass the American Jobs Act. Economists from both sides of the aisle have argued that the bill would stave off a dreaded double-dip recession. The Congressional Budget Office gave a the bill a de facto endorsement. But despite all of this positive press, the bill appears to be far away from actually becoming law.

In an interview with Chicago radio station WLS-AM on Thursday, Illionis Senator Dick Durbin claimed that the Senate does not have the votes to pass the bill.

“The oil-producing state senators don’t like eliminating or reducing the subsidy for oil companies,” Durbin tells WLS Radio, “There are some senators who are up for election who say I’m never gonna vote for a tax increase while I’m up for election, even on the wealthiest people. So, we’re not gonna have 100% Democratic senators. That’s why it needs to be bi-partisan and I hope we can find some Republicans who will join us to make it happen.”

But so far, Durbin concedes Democrats don’t have the votes in the senate to pass it, “Not at the moment, I don’t think we do but, uh, we can work on it.”

If the American Jobs Act needs significant Republican support to pass, then it is in serious trouble. Congressional Republicans have spent the past three years doing everything possible to impede President Obama’s legislative agenda, and it’s hard to imagine the politically contentious American Jobs Act stopping that trend.

Ironically, failing to pass the American Jobs Act may actually benefit President Obama politically. It would give him the clearest example yet that Republicans are more interested in partisan squabbling than they are in economic recovery, which is sure to be a recurring theme of his re-election campaign. But it would be disastrous economically. If Congress once again fails to do anything to stimulate the economy, then it seems certain that unemployment will continue to rise; if they’re not careful, many Congressmen might soon join those looking for jobs.

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Copyright 2011 The National Memo
  • Joeham1

    It’s amazing to me that a certain sector of our government counts on stupid people for their re-election. If stupid people believe that this sector of government really cares about poor people and minorities than the stupid people will vote for these people and they will get re-elected.
    The facts are this: In the last 3 years the government has spent 4 trillion dollars more than it takes in. Most of the over spending has been for things like…entitlements, stimulus, bailouts, and a whole lot of pay offs for unions and special interests. Poor people are more poor than they were 3 years ago. There is less opportunity than 3 years ago. 4 trillion dollars? Wow. We should all be fine with that kind of money being spent! Our president is now asking for another half trillion to try what we have been trying for the last 3 years! Are the people of our country that dumb to believe another half trillion will work when 4 trillion didn’t? Why does our current and last administration fail to see that capitalism works! When the government gets in the way it hurts prosperity. The proof is 1900 to 2000. In that 100 years capitalism proved to produce more prosperity than any other system ever! The wealth created has never been matched! Not even close by any other system.
    If the economy improved in that time there would be an argument that all the spending worked. The facts however show that the spending and seemingly compassionate special interest give aways have made us closer to a collapse than ever before. It has also made the economy worse and at least certainly kept us going in the wrong direction.
    Now the debate is to tax more so the government can reduce the deficit! Does anyone out there buy that? Does anyone really think the government should get another penny from anyone? Has the government shown any restraint on spending?
    We all need to remember that the more the government takes out of the private sector, the less there will be to create jobs.