Source: http://ift.tt/hFWySe - Monday, March 30, 2015
In the wake of the financial crisis, President Obama took the helm of a sinking economic ship and help to right it. The unemployment rate is now once again at pre-recession levels -- the lowest in seven years (5.5%). President Obama's Administration, with only opposition from the Republicans, has steadily help put more than 11 million Americans back to work in the private sector. In the strongest period of American manufacturing job growth since the 1990s, the sector has added more than 750,000 jobs since February 2010. As New York Times columnist Paul Krugman notes, the economy is "now adding jobs at a rate not seen since the Clinton years." The dollar is on its fastest rise in 40 years ; its value has increased 14% in this first quarter alone and it's the strongest it's been in 12 years compared to the Euro. Maybe most important, the number of long-term unemployed is down by 1.1 million . Why are the Republicans so silent about the good news? They claim to be the party of "jobs." Perhaps they knew their history. PBS pointed out a study from the "strictly non-partisan National Bureau for Economic Research" that shows "under Democratic presidents, per capita GDP has been higher; job creation has been stronger; decreases in unemployment have been greater; the S&P 500 stock index has been higher; corporate profits have been bigger; and real wages and labor productivity have increased." As Brad Plumer also noted in the Washington Po
from Top News on RSS Feeds http://ift.tt/1HY7RWf
In the wake of the financial crisis, President Obama took the helm of a sinking economic ship and help to right it. The unemployment rate is now once again at pre-recession levels -- the lowest in seven years (5.5%). President Obama's Administration, with only opposition from the Republicans, has steadily help put more than 11 million Americans back to work in the private sector. In the strongest period of American manufacturing job growth since the 1990s, the sector has added more than 750,000 jobs since February 2010. As New York Times columnist Paul Krugman notes, the economy is "now adding jobs at a rate not seen since the Clinton years." The dollar is on its fastest rise in 40 years ; its value has increased 14% in this first quarter alone and it's the strongest it's been in 12 years compared to the Euro. Maybe most important, the number of long-term unemployed is down by 1.1 million . Why are the Republicans so silent about the good news? They claim to be the party of "jobs." Perhaps they knew their history. PBS pointed out a study from the "strictly non-partisan National Bureau for Economic Research" that shows "under Democratic presidents, per capita GDP has been higher; job creation has been stronger; decreases in unemployment have been greater; the S&P 500 stock index has been higher; corporate profits have been bigger; and real wages and labor productivity have increased." As Brad Plumer also noted in the Washington Pofrom Top News on RSS Feeds http://ift.tt/1HY7RWf
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