Wednesday, July 21, 2010

The Hole We're In

http://www.cepr.net/index.php/publications/reports/the-urgent-need-for-job-creation


The Urgent Need for Job Creation

July 2010, John Schmitt and Tessa Conroy

Many lawmakers, policymakers, and economic commentators do not appear to recognize the depth of the current labor-market recession. Between December 2007 – the official first month of the recession – and December 2009, the U.S. economy lost more than eight million jobs. Even if the economy creates jobs from now on at a pace equal to the fastest four years of the early 2000s expansion, we will not return to the December 2007 level of employment until March 2014. And, by the time we return to the number of jobs we had in December 2007, population growth will have increased the potential labor force by about 6.5 million jobs. If job growth matched the fastest four years in the most recent economic expansion, the economy would not catch up to the expanded labor force until April 2021. Absent policy changes such as a major jobs bill, the Congressional Budget Office’s most recent projections suggest that the economy will not return to December 2007 employment levels until June 2013, and will not cover the intervening growth in the potential labor force until August 2015.

This report examines the depth of the current labor-market recession and sketches the possible recovery path under several historically based job creation scenarios.

Sunday, July 18, 2010

A Good Week for Massachusetts

July 15, 2010

Friends,

Recent economic news continues to confirm that Massachusetts is on the mend and on the move, and is coming out of this recession faster and stronger than other states. You don’t have to take my word for it. On Tuesday, CNBC ranked Massachusetts as the 5th best state for business, the highest we have ever appeared on those rankings, and yesterday it was reported that the state added 3,400 private-sector jobs in June, for a total of 45,000 jobs added since December.

This comes on the heels of other good economic news, including:

  • A report issued by the Federal Reserve Bank of Philadelphia that concluded that the Massachusetts economy outperformed 48 other states during the last 3 months of 2009.

  • The Associated Industries of Massachusetts (AIM)'s Business Confidence Index has increased 14 of the last 16 months, and consumer confidence is the highest it's been since before the recession.

  • Studies from The New England Economic Partnership (NEEP), Northeastern University, and the University of Massachusetts, show that the Massachusetts economy's recovery is "firmly on track."

  • All three independent rating agencies -- Fitch Ratings, Moody's Investors Services, and Standard & Poor's -- continue to affirm the state's AA bond rating, and credit our leadership during the global economic crisis.

  • According to pre-census reports, for the first time in twenty years, more people are moving into Massachusetts than moving out.

We are leading the nation out of this recession because we have focused on job creation as our top priority. We have invested in our core industries: the life sciences, biotech, information technology, health care, and education. We are improving public schools. We are also leading the nation out of the recession because of the work of business leaders across the state.

That is why today I was proud to announce the chairs of our new council, "Business Leaders for Deval Patrick and Tim Murray." This group will be integral to our outreach and organizing efforts within the business community. The chairs represent a wide variety of business interests, from small business owners to the CEOs of some of the Commonwealth's largest employers. You can find out more about them here.

But even as positive as this news is, there is still much work to be done. The global economic collapse has cost too many jobs, and the Lt. Governor and I will not stop working until everyone who seeks a job can find one. We need your help to do that and to finish what we started. Please forward this email to ten of your friends, and ask them to join our cause.

Thanks,

Deval L. Patrick

Wednesday, July 14, 2010

MA Health Care Costs and the Economy

Massachusetts Health Care Costs and the Economy



Senator Steven A. Baddour (D-Methuen) and Massachusetts Division of Health Care Finance and Policy Commissioner David Morales will participate in a roundtable discussion on Wednesday, July 28th to discuss strategies for mitigating health care cost growth in Massachusetts.



Massachusetts is struggling with escalating health care costs, which cut into wage growth, stymie job creation, create barriers to accessing care, and preempt spending in other sectors of the economy. The cost of health insurance has grown by approximately 7.5 percent each year (on average) over the last decade while gross domestic product has only increased 3.8 percent per year during that same time period. These are alarming trends for small businesses, which represent over 75% of the state's jobs base.



The regional roundtables are intended to educate business leaders about health care delivery system market trends and cost drivers, discuss opportunities for employers to achieve lower costs, and solicit feedback from employers and health care industry stakeholders.



Wednesday, July 28, 2010

8:00 a.m. to 9:30 a.m.

Northern Essex Community College

Technology Center

100 Elliott Street

Haverhill, MA 01830



To RSVP or learn more about this event, please contact Jeevan Ramapriya, Senator Baddour's Office at 617-722-1604.



________________________________
Jeevan Ramapriya
Office of Senator Steven A. Baddour
State House
Boston, MA 02133
w: 617-722-1604 / f: 617-626-0915
e: jeevan.ramapriya@state.ma.us

Monday, July 12, 2010

Baker and Republican Governor's Association

Governor Deval Patrick, Lt. Governor Tim Murray 2010

July 12, 2010

Friends,

The Baker campaign and the Republican Governor's Association have resorted to spending an unprecedented $2 million in negative TV ads nearly four months before a single vote is cast, in large part to cover up the fact that the Charlie Baker campaign has failed to connect with voters across Massachusetts. We want you to have the facts behind these ads so you can help us respond our way - one-on-one with your friends, neighbors and co-workers!

Fact: The Massachusetts Taxpayer's Foundation, a respected independent budget organization, conducted a study for the Boston Globe that proved that state spending grew twice as fast under Charlie Baker than during the Patrick administration. When Baker was the state's budget chief, state spending grew 4.9% annually, while Governor Patrick has held state spending under 2.4%.

Fact: Baker has failed to be straight with voters about the billions in state revenue lost due to the global economic crisis. Governor Patrick has met this challenge, and preserved funding for education, public safety, health care and job creation through a responsible mix of reforms, budget cuts and state employee layoffs and furloughs, concessions from state employee unions, and new revenue. This responsible approach has led to all three national, independent credit rating agencies re-affirming the state's AA bond rating and crediting Governor Patrick's leadership through this global crisis.

Fact: According to multiple independent economic studies, Massachusetts is recovering faster and stronger than the rest of the country. We have added nearly 45,000 new jobs over the past four months, saw the largest monthly job increase in 17 years in May, and rank 5th in the nation in private sector job growth over the past 6 months.

Please tell your friends, neighbors and co-workers you've had enough of Charlie Baker, who wrote the Big Dig finance plan that Massachusetts taxpayers are still paying for, once again spreading false information about Governor Patrick's responsible handling of the state budget under difficult circumstances.

Please help us get this news out by forwarding this email to five friends right now.

Sincerely,
Doug Rubin
Senior Strategist

Sunday, July 4, 2010

July 1776

WHEN in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form as to them shall seem most likely to effect their Safety and Happiness.

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the People.

He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.

He has endeavoured to prevent the population of these States, for that purpose obstructing the Laws for Naturalization of Foreigners, refusing to pass others to encourage their migration hither, and raising the conditions of new Appropriations of Lands.

He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary Powers.

He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of New Offices, and sent hither swarms of officers to harass our People, and eat out their substance.

He has kept among us, in times of peace, Standing Armies without the Consent of our legislature.

He has affected to render the Military independent of and superior to the Civil power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their acts of pretended Legislation:

For quartering large bodies of armed troops among us:

For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing taxes on us without our Consent:

For depriving us in many cases, of the benefits of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offences:

For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:

For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:

For suspending our own Legislature, and declaring themselves invested with Power to legislate for us in all cases whatsoever.

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the united States of America, in General Congress Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the Protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.