Calling Mr. Stivers [Bryan]

Here is my letter to our dear Congressman Steve Stivers (and Senator Portman) about the American Jobs Act that President Obama recently sent to congress. I'm putting this here because I doubt anyone in Stiver's office will read the whole thing.

Dear Representative Stivers,

We are writing to urge you to pass President Obama's "American Jobs Act" in its entirety. The provisions calling for more infrastructure spending and more money for states to retain teachers and first responders are particularly important to us. Here are the reasons you should support the bill:

1. It will create jobs. According to Mark Zandi of Moody’s Analytics, “The plan would add 2 percentage points to GDP growth next year, add 1.9 million jobs, and cut the unemployment rate by a percentage point.” We need this now because Ohio’s unemployment rate is at an unacceptable 9.0%.

2. All of the provisions have been endorsed by Republicans over the years. It is truly a bipartisan bill. Rejecting any of these provisions now will look like a mere partisan stunt to score political points against President Obama.

3. All of the major provisions of the act receive substantial public support. According to a CNN poll, clear majorities of Americans support cutting the payroll tax (65% support), providing state aid to protect jobs for teachers and first responders (74%), and investing in infrastructure (64%).

4.The bill reflects a growing consensus among economic experts. Examples: The non-partisan Congressional Budget Office (“If policymakers wanted to achieve both a short-term economic boost and medium- and long-term fiscal sustainability,” CBO chief Doug Elmendorf recently said, the “most effective” policy would be “changes in taxes and spending that would widen the deficit now but narrow it later in the decade”), a wide variety of economists (e.g., Bruce Bartlett, a policy advisor to Ronald Reagan: “The important thing is for policy makers to stop obsessing about debt and focus instead on raising aggregate demand.”), the financial industry (The Financial Times editorial: “In broad terms, the needed elements are plain: further short-term stimulus combined with credible longer-term fiscal restraint”), the bond markets (“You’ve got to create a demand for labor,” Mr. Gross [a Republican, and a chief investment officer at Pimco] recently said. “The private sector is not going to do it. Putting a shovel in the hands of somebody can be productive”), Republican Fed chairman Ben Bernanke (“In the absence of adequate demand from the private sector, a substantial fiscal consolidation in the shorter term could add to the headwinds facing economic growth and hiring”), the International Monetary Fund (Reuters: “IMF chief Christine Lagarde said in an interview released on Sunday that Europe and the United States should consider stimulating economic growth, if the situation permits, to offset a crisis of confidence hitting the global economy”), and many business leaders.

In sum, the bill is vitally necessary, it is popular, it is bipartisan, and it reflects the current economic consensus. Now is not the time to play partisan games (the nonsense over the budget ceiling was very troubling). Put your constituents first and pass the bill.