Politidose, your daily dose of political commentary has once again knocked a home run, this time a grand slam concerning the unemployment rate. In my commentary of 11/30/2010 titled The U.S. Economy is back on track, I reported at that time the Federal Reserve and the cable news economic experts were predicting unemployment would be in the range of 9% thru 2012. My prediction at the time in my commentary was unemployment would be under 9% and closer to 7% in that period of time and sure enough the rate as you read this is 8.3%. A big win for Politidose.
Those same pundits predicted economic growth would be in the range of 2.50%-2.75% for 2011 and 2012. I said they are full of it. The numbers for 2011 have not been published yet but actual economic growth will exceed those predictions when 2012 comes to a close and that is what I predicted.
My forecast were on what I have been writing about for the past several years and based on facts obtained from the CBO, the Treasury Dept., other government agenciesand a political interest in what takes place concerning government policy. There has been a clear precedent to follow if people take time to follow the facts instead of following misinformation, spin and yes out right lies. The past was and still is clear that democratic administrations over the years have presided over lower unemployment than republican administrations.
My basis conclusions what I believe are based on the facts show that the nation and its people have always done better under democratic administrations over time and especially in the last 50 years. That includes the economy, job creation, balancing the federal budget, paying down debt and etc. The record shows also beyond a shadow of a doubt it has been republican administrations who are the big spenders and not democrats. The republican party has also been the leading party in deficit spending and increasing the national debt. And once again it is a democratic administration today that is leading the country out of the second greatest depression despite the opposition of the republic party in congress who wants to see the President and the country fail. These are the same republicans in congress who rubber stamped Bush's failed reckless policies.
Understanding the past is still the key to the future and the past tells us democratic policies move our country and its people forward while republican policies do just the opposite.
For more information concerning my forecast and conclusions browse my past commentaries here on politidose, some are listed in Note 1 below.
Note 1: The U.S. Economy: Which PartyPerforms Best. (three part series dated 1/27/08.
Republican Administrations: Fiscal Disasters. (dated 4/6/08)
The Republican Cycle of Record Federal Deficits and Debt: (dated 8/3/08)
The U.S. Past, Present and Future: (dated 12/31/08
The Fiscal Legacy of President George W. Bush: (dated 10/30/09)
Federal Spending: Facts vs. Myths: (dated 10/31/09)
The NAtional Debt: Betrayal and Devastation. (dated 12/6/09
An Economic Turnaround, Job Creation and Fiscal Stability: There is a Precedent. (dated 12/4/09
What Will The New Year Bring Politically: (dated 12/28/10)
President Obama's First Fiscal Year Budget. (dated 10/27/10)
Job Creation For Presidential Terms: (dated 11/5/10
Sunday, March 11, 2012
The Good News Continues On The U.S. Economy
Another good economic report on the economy was issued by the U.S. Labor Department for February. The economy created 227,000 new jobs for the month and also reported that there were 61,000 more new jobs created in December and January than was previously reported. The report also noted that job creation continues to be broad based and that manufacturing is leading the way. The unemployment rate remained unchanged at 8.3% and speculation was that may be because more workers are looking for work since hiring has been in positive territory.
The republican Presidential candidates response to the continued good economic news is typical. They are chapped and angry that America and its people are moving forward despite the vow by the republican party to not lift a finger to help President Obama. An improved economy reminds the people that it is always democratic administrations that rescue the economy after republican rule and the republican Presidential candidates just hate that. That is why they never mention the Bush administration in their campaign speeches. They are really a helpless bunch still preaching an un American ideology and still trying to divide the country on wedge issues.
President Obama needs to continue to go it alone and continue to do what he can do with his executive powers to keep the economy and jobs growing. There is no question that unemployment will continue to go down and if reelected President Obama will keep the federal budget on track to once again be balanced. And once again it will be a democratic administration who took the right steps to put the country's fiscal house in order.
The republican Presidential candidates response to the continued good economic news is typical. They are chapped and angry that America and its people are moving forward despite the vow by the republican party to not lift a finger to help President Obama. An improved economy reminds the people that it is always democratic administrations that rescue the economy after republican rule and the republican Presidential candidates just hate that. That is why they never mention the Bush administration in their campaign speeches. They are really a helpless bunch still preaching an un American ideology and still trying to divide the country on wedge issues.
President Obama needs to continue to go it alone and continue to do what he can do with his executive powers to keep the economy and jobs growing. There is no question that unemployment will continue to go down and if reelected President Obama will keep the federal budget on track to once again be balanced. And once again it will be a democratic administration who took the right steps to put the country's fiscal house in order.
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