President Barack Obama signs a Presidential Memorandum directing Labor Secretary Tom Perez to modernize overtime protections. He is bypassing Congress and ordering changes in overtime rules so employers would required to pay millions more for extra time they put in on the job.
Washington Post: Romney’s 12-million job promise has garnered a lot of attention. We became interested in this ad after a reader asked whether the campaign had provided much detail on how he would reach this total …
…. the candidate’s personal accounting for this figure in this campaign ad is based on different figures and long-range timelines stretching as long as a decade — which in two cases are based on studies that did not even evaluate Romney’s economic plan. The numbers may still add up to 12 million, but they aren’t the same thing — not by a long shot.
… Clearly, some clever campaign staffer thought it would be nice to match up poll-tested themes such as “energy independence,” “tax reform” and “cracking down on China” with actual job numbers. We just find it puzzling that Romney agreed to personally utter these words without asking more questions about the math behind them.
Greg Sargent: …. Let’s recap what Kessler has discovered here. The plan that is central to Romney’s candidacy on the most important issue of this election — jobs — is a complete sham. This is every bit as bad — or worse — than Romney’s claim to have created 100,000 jobs at Bain, or his vow to cut spending by eliminating whole agencies without saying which ones, or his refusal to say how he’ll pay for his tax cuts.
This could not have come at a better time for Obama. Here is the evidence he needs to spell out as clearly as possible that Romney is peddling economic hokum to the American people. Any fair reading of the backup the Romney campaign itself supplied for his plan reveals that it is nothing but a bill of goods. Obama needs to seize on this in a big way. This should be a big story.
Oh, and by the way: Economists have evaluated Obama’s jobs plan. And they concluded it would create one to two million jobs. The bottom line is simple: One candidate has a jobs plan, and the other doesn’t.
Bloomberg: Americans reject Republican efforts to curb bargaining rights of unions whose power they say is dwarfed by corporations, a Bloomberg National Poll finds.
As battles rage between state workers and Republican governors in Wisconsin and Ohio, 63 percent don’t think states should be able to break their promises to retirees…
The poll shows that political challenges to government workers are failing to draw broad support from a public more concerned about unemployment than government deficits…
…Sixty-three percent of those surveyed – including a majority of Democrats and independents – say corporations wield more political clout than unions. Public employees, meanwhile, are viewed favorably by a large majority: 72 percent, compared with 17 percent who have an unfavorable view.
…Sixty-four percent of respondents, including a plurality of Republicans, say public employees should have the right to bargain collectively for their wages. Sixty-three percent, including 55 percent of Republicans, say states without enough money to pay for all the pension benefits they have promised to current retirees shouldn’t be able to break those obligations.