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Adam @Khanoisseur
, 18 tweets, 6 min read Read on Twitter
Had Republicans not repeatedly blocked Obama’s spending and infrastructure proposals (so they could campaign on painting him responsible for “the slowest economic recovery since WW2), the US unemployment rate would’ve been at 3.2% right now.
2. “After three hours of strategizing, GOP decided they needed to fight Obama on everything…Part of this “everything” was to block measures that a wide swath of economists agreed would provide help to boost the economy and bring down unemployment.”…
3. The spending spree under Trump has been key to GDP and stock market growth - under Obama, Republicans cut off spending - $2.6 trillion between 2011 and 2013 - right when the economy needed the boost the most, shaving at least 1.0 percentage point from real GDP growth in 2013.
4. “Republicans have consistently hamstrung efforts that a large consensus of economists agree would have provided crucial help in lowering American unemployment.”…
5. “Specifically, GOP have objectively weakened the American Recovery and Reinvestment Act (ARRA), repeatedly filibustered routine extensions of emergency unemployment benefits, blocked aid to state governments, filibustered infrastructure investment…”…
6. “…used extreme legislative vehicles like refusing to follow precedent on typically pro forma votes to raise the debt ceiling to extract more economically damaging government spending cuts, blocked passage of a majority of the American Jobs Act (AJA)…”…
7. “…demanded counterproductive offsets to fiscal stimulus, and attacked the Federal Reserve’s expansion of the monetary base and other policy responses intended to lower unemployment.”…
8. In 2009, Republicans, led by @SenatorCollins, stripped out $30 billion in school construction funds that would have supported 250,000 new jobs.
"Just luring the GOP votes needed to pass ARRA likely kept it from supporting or creating nearly a million more jobs than it did."
9. In 2010, Senate Republicans blocked cloture on the HIRE Act and stripped down stimulus provisions, paring the bill to $15 billion in poorly targeted economic stimulus, down from a $75 billion package of infrastructure investments, aid to states and other job creation measures.
10. Also in 2010, Jim Bunning (R-Ky.) filibustered the House-passed Temporary Extension Act (H.R. 4691), which would have extended emergency unemployment benefits, COBRA health insurance subsidies for the unemployed, and expanded Small Business Administration loan guarantees.
11. In June 2010, Senate Republicans repeatedly blocked cloture votes on the House-passed American Jobs and Closing Tax Loopholes Act, which would have provided infrastructure investment incentives, business tax credits, and a summer youth employment fund.
12. In 2011, Republicans blocked Obama's proposed American Jobs Act, a $447 billion package of infrastructure spending, unemployment benefits, funds for rehiring teachers and first responders, and tax cuts for households and businesses, among other provisions.
13. Senate Republicans filibustered the full $447 billion AJA, and subsequently blocked smaller subsets of the AJA that would have put a dent in the unemployment rate, notably funds to rehire teachers, first responders, as well as $56 billion worth of infrastructure investments.
14. By 2012, states slashed 900,000 teachers, policemen, and other government workers, that only served to undermine the gains from ARRA, costing 2.2 American million jobs and resulting in what GOP wanted: The slowest recovery since World War 2 they could blame on Obama.
15. Thanks to Senate Republicans blocking Obama initiatives like infrastructure investments and strangling job creation and consumer confidence with their debt-ceiling hostage-taking, the recovery was the only one that has seen public-sector losses over its first 31 months.
16. If public-sector employment had grown since June 2009 by the average amount it grew in three previous recoveries (2.8%) instead of shrinking by 2.5%, there would've been 1.2 million more public-sector jobs in US, preserving about 500,000 private-sector jobs by 2016 elections.
17. In March 2013, @paulkrugman noted, "if it weren't for this destructive fiscal austerity our unemployment rate would almost certainly be lower** now than it was at a comparable stage of the 'Morning in America' recovery during the Reagan era."

**1.5 points lower
Often overlooked when measuring US economic prosperity and quality of life: Americans work a lot more hours per year (1790) than do people in Germany (1371), Norway (1424), and France (1482) - that’s 300-400 hours/year (9-10 extra work weeks/year) more for US workers.
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