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?
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. There are only two possibilities in play here — either they are incredibly ignorant of basic economic principles, or they are intentionally trying to sabotage the economy in an attempt to defeat President Obama.
The latest employment data indicate that the U.S. job market is in a holding pattern — the price we pay for a do-nothing Congress focused more on austerity than job creation. 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 a liberal bias. Facts also have that same liberal bias. The take home message is that the Democrats emphasis on tax fairness, worker’s rights, equal opportunity and government-private sector coordination is much better for growth than tax cuts for the rich and austerity.