Job Growth

Stock Market Revival Under Barack Obama: Wonderful, But Not Time To Declare Victory!

Ronald 2 Comments

Three years into the Obama Presidency, and the great news is that the stock market has seen a tremendous revival under his watch.

Yesterday, the stock market reached a level unseen since before the economic collapse of 2008 and the Great Recession, as the Dow Jones reached its highest level in four years, and the Nasdaq reached its highest level in eleven years.

With a 5,000 point gain since the Obama inauguration, there is a temptation to think that the economic decline is over, but that would be unwise to believe. There is still too much unemployment, and too many people who are underemployed, so it is not a time to declare victory in any shape or fashion. 8.3 percent unemployment is the lowest in three years, but not good enough to rest on one’s laurels.

However, if Obama can bring about or have the fortune that at least 150,000 jobs are created every month from now on, with last month bringing 250,000 growth in jobs, then the unemployment rate will go below 8 percent, and the odds of Obama winning a second term will be greatly enhanced.

The point is that Mitt Romney and other Republicans will have less of an issue to use against Obama if that growth occurs, and already, one can see that Romney is having problems being coherent in his reaction to the job and stock market gains.

The long range issues of foreign policy and defense and national security, and the significance of the federal courts and the Supreme Court, will, hopefully, start to come to the forefront, as in the long run, these are the more important issues for the future of the nation.

Unemployment Rate Down And Job Growth Up For Barack Obama: Important Turning Point!

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The unemployment rate in December fell to 8.5 percent, the lowest it has been in nearly three years, and over 200,000 private sector jobs were created, making for a total of 3.2 million private sector jobs created in the past 22 months!

After a very difficult 2009 and a stagnating few months in 2011, creating doubts about economic recovery, it seems as the economic revival which has been wished for since the economic collapse of 2008-2009 has finally turned the corner.

Barack Obama had said that unemployment, which reached a high of 9.6 percent in 2009, would fall below 8 percent. It now seems possible that the rate will continue to plummet, and may reach the 8 percent level by the fall, just in time for the election.

History tells us that a President is reelected IF the unemployment rate is declining at the time of the election.

Considering that Barack Obama has done so much good for the country, despite GOP obstructionism, it is hoped that the unemployment rate will continue to fall, and by history, therefore, guaranteeing his reelection against weak, uninspiring GOP opposition.

Republican Solution To Jobs Crisis: Promote Importation Of Dangerous Snakes, Including The Burmese Python, Already A Major Threat To Everglades!

Ronald 1 Comment

In the midst of the jobs crisis in America, members of the House of Representatives Republican majority are holding hearings trying to prevent an end to the transportation and importation of nine varieties of snakes, including the Burmese Python, Boa Constrictors, and Anacondas, that have become to inundate the Florida Everglades, posing a risk to other species, and ultimately, to humans! We have the report of a Burmese Python swallowing a live alligator whole and then exploding from the effect of doing it!

A snake breeder testified that the ban proposed by Florida Democratic Senator Bill Nelson and Interior Department Secretary Ken Salazar, would interfere with the right of snake owners and snake breeders to purse their hobby and livelihood, and prevent them from moving interstate!

Are we living in an insane society, which already allows the abuse of gun ownership, to the detriment of thousands of innocent victims every year, by saying that there should be allowance for BREEDING of snakes that are dangerous to all of us, and come from tropical climates in Asia, Africa and Latin America? Is it necessary for one to pursue his hobby or livelihood in an “industry” which already is laying havoc in the Everglades, killing various species and threatening Floridians who go into that national park?

It is guaranteed that the snakes, particularly the extremely dangerous Burmese Pythons, which number 100,000 in the Everglades by reckless breeding and escapes from captivity, will start to spread not just through all of Florida, but eventually be a threat all over the United States!

This is a clear and present danger to our security, and yet the Republicans latch onto this insane proposal as an interference to job growth! It makes one wonder about their ethics, their sense of right and wrong, their understanding of human needs!

We do NOT need to engage in such dangerous “commerce” in order to revive our economy, and if such a law passes by some looney reasoning that it is necessary, President Obama needs to veto it and send it into the dustbins of history, making the Republicans who sponsored it look as what they are: CRAZY LUNATICS!

The Republican Lies About The Obama Economic Record!

Ronald 1 Comment

The Republican Presidential debate in New Hampshire last night demonstrated the GOP ability to lie and deceive gullible voters!

You would think that Barack Obama walked into the Presidency in good economic times, and that George W. Bush left him a positive legacy!

Of course, George W. Bush left the worst economy to his successor of any President since Herbert Hoover left the Great Depression to Franklin D. Roosevelt!

The facts are as follows:

1. The economy has come out of the depths it was in in 2009, although the level of economic growth has slowed up in recent months.
2. Over 2 million private sector jobs have been added in the past 15 months, not enough certainly, but compared to the 750,000 jobs a month being lost at the end of the Bush Presidency and the early months of the Obama Presidency, it is certainly a good sign.
3. The stock market has improved, whereby half of the lost household wealth has been regained.
4. The auto industry has revived from its low point, when we almost lost the entire domestic auto market, which would have led to far worse conditions in the Midwest and South, where most of the auto factories are located.
5. Housing is the big area of lack of improvement, with home prices and home construction still declining. Of course, the nation’s leading banks are major culprits in this regard, refusing to give mortgage loans and trying to foreclose illegally on many properties!

The point is that there is no magic potion by government and the private sector to restore the economy quickly, and the Republicans have come up with no strategy or plan to create jobs or revive the economy, deciding that just attacking President Obama is enough.

And cutting taxes and spending is just the old Herbert Hoover concept, which only made the Great Depression worse!

Do we really want to go back to Herbert Hoover, as Tim Pawlenty proposes, and to believe that miraculously there will be five percent growth annually for the next decade?

It is time to put up or shut up, meaning that the GOP leadership in Congress must stop talking and attacking, and start producing results in cooperation with President Obama, instead of just working to undermine him and making the economy worse!