The U.S. Labor Department announced on January 7 that the economy added 200,000 net new jobs in December and that the unemployment rate fell to 8.5% from 8.7% in November. It was the sixth month in a row that the economy added at least 100,000 jobs, the longest time since 2006.
The economy added 940,000 jobs in 2010 and 1.6 million jobs in 2011. And once again it is a democratic administration who continues to reverse the record job losses due to the great recession that began in December 2007 under the Bush 43 administration. And once again the republican party has been no help to President Obama and continues to oppose his economic and job creation proposals just to see him defeated in the 2012 elections.
The republican party's Presidential candidates are no help either to the country as they profess to continue the Bush 43 policies of reduced taxes for the wealthy and business and the relaxation of regulations that monitor the behavier of business. They are also on record as being opposed to Obama's policies that have put the economy and job creation on track and ending the great recession.
The democratic party continues to be the best chance for the American people, the economy, job creation, lower unemployment and advances in the wages of the average American. As this writer has pointed out before, the President should exercise his executive powers to keep the economy and job creation growing because the republicans will continue to try and block his every move. That is the very nature of their ugly and unAmerican ideology.
