The U.S. Department of Labor announced that unemployment at the end of June was 9.5%, down from the 9.7% at the end of May. Job creation for June was 83,000 from the private sector which was almost nill in May. Approximately 225,000 part time census workers lost their jobs because the U.S. Census Bureau completed it work.
This job picture is not rosy because it is estimated the economy needs to create 200,000 jobs a month to lower unemployment. However, the job picture and the economy is improving, although not fast enough to put the unemployed back to work timely. The turn around is slow but the job losses have been reversed and the economy is in positive growth.
The Obama administration needs to continue to monitor the situation and do every thing in its power to foster continued job growth, lower unemployment and a sustained economy. The Republicans in congress won't help and can't help for two reasons. (1) They are on record of being the party of NO and wanting to see the Obama administration fail. (2) The Republicans have no record of creating a sustained economy, job creation, low unemployment or balancing the federal budget. The Bush administration can confirm that.
The people should recall according to the U.S. Department of Labor, the highest sustained unemployment in the last 28 years occurred on President Reagan's watch. It stayed at over 10% for 10 straight months from September 1982 until June 1983. It should be noted that Reagan had been in office at that time for over a year and did not inherit an economic meltdown that compares with the one Obama inherited.
Unlike Reagan, Bush 41 and Bush 43 President Obama will act on the deficit and federal debt. It will not be quickly because of the shape the economy is in but it will be addressed. In the mean time, the Republicans in congress will continue to talk about the deficit and debt despite their 20 years of silence under those three Presidents who are responsible for the greater part of the national debt as of this writing. ( See my past commentary dated Dec 6, 2009 titled: The National Debt: Betrayal and Devastation for the actual numbers)
The American people are down when it comes to confidence in government, however, their best chance to improve their economic position and have a better quality of life rest with the Obama administration. The past is proof that Democratic administrations perform best for the nation and it will stay that way for the future. The people who run the Republican party today are proof that they embrace an anti American ideology and are unwilling to do those things that really matter and make a difference for the country and its people. They remain the party of blame, personal attacks and have no positive record to run on.
The past tells me it is in the best interest of the country and for the people to give the Obama administration time to continue to turn things around. They will have a fair opportunity to express themselves in the next Presidential election. Fairness is at play here and Mr. Obama is the only President we have at the present time to count on.
