Monday, March 11, 2013

February's Unemployment Rate and Job Creation

The Labor Department announced that the unemployment rate fell to 7.7% in February, down from January's 7.9% and that the economy created 236,000 new jobs.  Economic indicators also showed a sustained recovery.  This writer predicted that the democratic administration of Barrack Obama would move the country forward out of the second great depression in a commentatry published here in politidose on Dec. 14, 2009 titled, "An Economic Turnaround:  Job Creation and Fiscal Stability, There Is A Precedent".  And once again the republicans in congress are on the sidelines trying their best to hinder the economic recovery that is taken place. 

If the republicans in the U.S. House had passed the President's jobs bill that they have been sitting on for over a year, the nation just may have attained full employment by this time.  Their attitude of openly opposing the President's policies because they wanted to make him a one term President was and is an act of treason.  As I have written many times in the past, republicans obstruct because they themselves have no record on the economy that can compete with democratic administrations.

Yes America, the country and its people have always been better off with a democratic in the White House and if the people learn from the past their future is bright.  Never forget that if President's Reagan, Bush 41 and Bush 43 had balanced the federal budget like President Clinton did, deficit spending and the national debt would not be a problem today.  And if you listen to the republicans talk today they want the middle class to pay for the deficit spending and debt those three republicans ran up during their 20 years in office.

Commentary written by John Lucia

No comments :