Despite inheriting the worst economic conditions since the Great Depression and a Republican Congress in the last two years that has not let a single piece of job legislation pass, President Obama and Democrats have created 5.4 million new private sector jobs. Again, how is a candidate who proposes the same ideas that created the economic downturn to being with (Mitt Romney) the right choice for President when we already have a President leading an economic comeback?Read More »
What is so ridiculous about what Congress is doing (we are talking about the Republican-led House for the most part) is we know how to grow the economy, and also what to do to stop it. Between the eight years of President Bush, and what measures Europe has taken (or not taken), there is no debating that austerity hinders the growth of the economy. Yet this is what Republicans in Congress, as well as those who hold governorships, have been doing the past two years. …Read More »
During an election-year clash over which U.S. political party has the best prescription for curing unemployment, Democrats can argue that almost two-thirds of private-sector job growth in the past five decades came with them in the White House.
The BGOV Barometer shows that since Democrat John F. Kennedy took office in January 1961, non-government payrolls in the U.S. swelled by almost 42 million jobs under Democrats, compared with 24 million for Republican presidents, according to Labor Department figures. (Source)
As it says in our masthead, truth has …Read More »
As of April, there are now more private sector jobs in the United States than there were in January 2009, when President Obama took office. You read that right. We have now replaced all of the private sector jobs lost while Obama has been president. And that was no mean feat, given that over the course of 2009, the private sector shed about 4.2 million jobs.
Unfortunately, the news is not nearly so good when it comes to the public sector, where there are currently 607,000 …Read More »
From the Socialist newspaper The Wall Street Journal:
NEW YORK—U.S. stocks rose, boosted by encouraging data on consumer spending, as the Dow Jones Industrial Average and the S&P 500 recorded their biggest first-quarter point gains ever.
Dow Industrials rose 994 points, or 8.1%, and the S&P 500 rose 150.87 points, or 12%, during the first three months of 2012, amid signs of a strengthening U.S. economic recovery.
On Friday, stocks overcame a mid-morning swoon to finish higher. The Dow gained 66.22 points, or 0.4%, to 13212.04, and the …Read More »