October Job Creation and The Unemployment Rate

The U.S. Labor Department announced that the U.S. economy created 261,000 jobs in October and that the unemployment rate came in at 4.1%.  The business community said they were surprised because they expected the job numbers to be around 325,000.  The Labor Department also said they revised September's job numbers from a loss of 33,000 jobs to a gain of 18,000 jobs after review.

This writer is of the opinion that the best way to keep the economy moving and creating jobs would be to pass a highway and infrastructure bill and not consider the Trump-republican Tax Plan scheme which will not be a job creator.  American business is making good profits and doing well under the present tax system.  Putting people to work taking care of the roads, bridges and etc., are good paying jobs and would boost middle class income.  The Trump-republican tax scheme won't and for obvious reasons.  President Obama and the democratic controlled congress cut taxes for the middle class soon after taking office in 2009 and then let part of the Bush tax cut for the wealthy expire.  And contrary to the republicans pronouncements the economic expansion and job creation put America back on track and even reduced deficit spending.  According to the tax policy center, the Trump-republican Tax scheme would give the top 1% of tax payers an annual tax cut or $175,000.00.  Does any one really believe the top 1% will use that money to create jobs like Trump and the republicans are predicting and or go out and spend that money to boost the economy?  The top 1% has the resources to do what ever they want to do with out the tax cut.

Republicans have a record, and a failed one when it comes to the economy, job creation and balancing the federal budget.  The Trump-republican Tax scheme if passed as is will continue their failed policies.  This writer believes time will prove that.


This commentary written by Joe Lorio

Democrats Win Governorship In Virginia and New Jersey.

Democratic candidates Ralph Northam and Phil Murphy were elected governor of Virginia and New Jersey on Tuesday defeating their republican opponents.  The outcome was a blow to those republicans and some in the news media who have been trying their best to convince the public that the democratic party is in deep trouble.  The outcome also brought out the usual from Donald Trump, who said Virginia Republican candidate Ed Gillespie, (a former chairman of the Republican National Committee) lost the election because he did not embrace me or what I stand for.  But the fact is Gillespie used Trump's campaign tactics during the governor's race.

The election confirms that state elections are local and may or may not turn on national issues.  Both winning candidates did run and campaign on democratic issues such as health care, jobs, school and etc.  Gillespie actually tried to run on Trumps record concerning immigration, confederate statures and attack ads.  Both democrats won by larger margins than predicted and were able to get through to those Trump voters who no longer support the trumpet man and his policies.

All in all it was a good night for the democratic party, but don't look to the republican right wing to stop trying to convince America that the democratic party is in deep trouble.


This commentary written by Joe Lorio