Friday, February 3, 2017

President Obama's Last Month In Office Ended On A High Economic Note As Job Creation Continues

The Labor Department announced today that the U.S. Economy created 227,000 jobs in January and the unemployment rate was 4.8%.  It was 7.8% in January 2009 when President George W. Bush left office.  President Obama's job creation record ranks next to President Clinton's all time record and exceeds the job creation record of every past Republican President.

So how did the Trump administration react to the good January numbers?  Well, just like you would expect, the administration tried to take credit.  For an early Presidency and administration, dishonesty still rules in their attempt to fool the American people.  It followed them early in the week when the administration's Muslim ban was not a ban, but then again it was a ban.  The President himself could not even get it right and level with the people.

History will now be the judge of President Obama's administration and Trump should be happy he did not have to follow the administration of President Bush 43.  Trump's first two weeks of trying to undo the progress made under Obama leaves a large question mark about his ability to govern.  And today, the President issued another executive order to undo the Dodd-Frank legislation that established regulations for the wall street banks to prevent another banking collapse like the one of 2008.  As a reminder, the three worst Banking failures took place on the watch of President's Hoover, Reagan and Bush 43.  All Republicans.

Time will catch up to the people one day despite the dishonesty of the President and his administration.  Until then, the best hope for the country is for the democrats in congress to stand up and be counted to oppose the extreme policy ideology, dishonesty and out right lies of this administration.


This commentary written by Joe Lorio


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