More Jobs, More Votes
by Rose Brandsgard
Did you read the headlines on Friday?
All Americans should be celebrating because the U.S. is making a comeback. According to the U.S. Department of Labor, 243,000 jobs were added nationwide in January and the U.S. has seen 23 consecutive months of private sector job growth. During those 23 months, 3.7 million jobs were added. Friday’s jobs report also showed unemployment dropping to 8.3%, the lowest level of Obama’s presidency.
These numbers are solid proof that the economic-recovery efforts led by the President are working. This is good for the country and a windfall for Obama’s re-election bid. The lower these figures go, strategists in both parties say, the harder it will be for opponents to rely on a glum national mood and a purely jobs-focused sales pitch to turn voters against the President. And the clear downward trend in the jobless rate proves that Obama is NOT the economic failure that Republicans claim but instead is leading an economic turnaround.
Creating so many jobs has not been an easy task considering that since taking office in January, 2009, Barack Obama has had to work with the economic disaster produced by Bush’s extreme mismanagement. When he took office, President Obama addressed the immediate economic crisis and laid the foundation for a U.S. economy that can out-innovate and out-build the world.
By working with Democrats in Congress, President Obama developed the Recovery Act to help get our economy back on track, create jobs and support working Americans. It was signed into law shortly after he took office. As a result America has benefited from:
ü A payroll tax cut for all working families, providing the average working family with a $1,000 tax cut in 2011.
ü Expansion of small business loan programs to help small businesses access credit and create jobs.
ü Initiatives to help veterans transition to post-service careers.
ü Tax incentives for businesses that hire unemployed veterans.
The President also made the bold decision to provide emergency loans to the auto industry which resulted in:
ü Saving more than 1.4 million American jobs.
ü Preventing personal income losses over two years of more than $96 billion.
ü Helping make the Big Three (Chrysler, GM, and Ford) all profitable for the first time in years.
The President’s aggressive actions to put Americans back to work and restore security for the middle-class are working. This is an incredible accomplishment considering that the President had to begin with the largest U.S. debt ever, a failing economy, collapsing banks, bankrupt businesses and a record number of mortgages in default.
The bottom line: Obama’s economic strategies are putting more people to work and that bodes well for his re-election in 2012.
Mon, February 6, 2012
by Tamyra Harrison