Unemployment Rate

Republicans, Democrats, And The Economy: The Truth!

Ronald 2 Comments

Republicans for generations have claimed they are the “better” political party for the American economy, than are the opposition Democrats!

This is a bald faced lie, but gullible people keep on “drinking the KoolAid”!

The Republican party continues to call for the demise of Social Security (passed under Franklin D. Roosevelt); Medicare and Medicaid (passed under Lyndon B. Johnson); and in the past 12 years for repealing the Affordable Care Act (ObamaCare).

Right wingers condemn the Affordable Care Act because it was an African American president who promoted this expansion of health care that was first promoted as a basic right by Republican President Theodore Roosevelt as the Bull Moose Progressive Party nominee for President in 1912.

It took a generation for the cousin of TR to move toward social justice; and 50 years for Johnson to promote the health care initiatives of Harry Truman; and another nearly 50 years for Barack Obama to go beyond Medicare and Medicaid. Note that all of the Presidents engaged in this quest, except for Theodore Roosevelt, were Democrats.

But beyond that, all of the economic downturns since 1953 took place under Republican Presidents, with the exception of the brief recession under Democratic President Jimmy Carter in 1980, which led to his defeat for a second term. But there were three recessions under Dwight D. Eisenhower; one under Richard Nixon and one shared by Nixon and Gerald Ford; one under Ronald Reagan; one under George H. W. Bush; and two under George W. Bush. This list included the highest unemployment rate since the Great Depression under Reagan and the “Great Recession” under George W. Bush, which set back the economy for years. Additionally, the COVID 19 Pandemic led to an economic crisis under Donald Trump.

The latest economic report shows the lowest peacetime unemployment rate since World War II; the unemployment rate lowest since 1969 at 3.4 percent; a tremendous economic recovery since the COVID 19 Pandemic; 33.8 million jobs over the sixteen years of Bill Clinton and Barack Obama; 12.1 million jobs in two years of Joe Biden, an all time high; while only 1.9 million jobs under Republican Presidents George H. W. Bush, George W. Bush, and Donald Trump were created for 16 years; and with Donald Trump the first President since Herbert Hoover to have a net loss of jobs!

Also, Gross Domestic Product has been 3.4 percent under Joe Biden, as compared to 1 percent under Trump; and more jobs created under two years of Biden than any President in four years! And the uninsured rate on health care is down to 8 percent due to Medicare, Medicaid and the Affordable Care Act (ObamaCare) than it has ever been, and if Texas and Florida had agreed to expansion of Medicaid, it would be MUCH lower! Additionally, more businesses are being formed than ever before, and wage growth, while not keeping up with inflation, has been rapidly expanding.

Once the inflation struggle, affected by the Russia-Ukraine War and the machinations of oil nations, are dealt with, inflation, already coming down, will be mastered. But no President can alone prevent or provoke inflation!

So the Democrats can be proud of their accomplishments economically over the long haul, and it is time for the myth of Republican “prosperity” to be laid to rest as yet another myth that needs to be retired!

The Republican Party is there for the wealthy, the privileged, and the bigots who promote white supremacy, racism, nativism, and misogyny, and with the political corruption under Richard Nixon, Ronald Reagan, George W. Bush and Donald Trump being massive, while Democratic Presidents have NOT presided over corruption at a notable level, but rather mostly manufactured by Republican propagandists!

Republicans are “better” in promoting propaganda, while Democrats are far better in accomplishment of improving economic opportunity for the American people!

The Reality Of The First Year Of The Biden Presidency: Strongest Year Of Economic Growth Since 1984!

Ronald 2 Comments

In the second year of the Joe Biden Presidency, America is facing the greatest inflation rate in 41 years, with inflation now at close to 8 percent.

This is a major issue, as the Midterm Congressional and Gubernatorial elections of 2022 are now six and a half months away.

No one wants inflation, and it should not be a political issue, but of course, it is, and Republicans will constantly harp on it.

But it has nothing to do with any President, as inflation is reality worldwide, and the unfortunate Russia-Ukraine War only makes the situation worse.

So Democrats need to emphasize that 2021 was a record breaking year, with unemployment down to 3.6 percent, down from 6.3 percent in 2020, the fastest decline ever.

The Gross Domestic Product was up about 5.7 percent, double the average since 1976!

Nearly 8 million jobs have been created, and wages have risen about 5.6 percent, and the deficit is down about $1.3 trillion, largest drop ever!

So 2021 was the strongest year for economic growth since 1984!

First Year In Oval Office Under Most Presidencies Problematical, And Joe Biden Better Than Many!

Ronald 7 Comments

One could argue that Joe Biden has accomplished a great deal in the first year, while often having disappointments and shortcomings.

Two major pieces of legislation were accomplished (The American Rescue Plan, and the Physical Infrastructure legislation), and the only reason why the Build Back Better bill and voting rights have failed to be accomplished is the opposition of two Democrats–Joe Manchin and Kyrsten Sinema–and the reality of an equally divided Senate for only the third time in American history!

While inflation has become a major problem, the stock market dramatically rose, more jobs were created in the first year of a Presidency than any other administration, and the unemployment rate has dropped to a very low rate.

There are still the issues of the COVID 19 Pandemic, and the disaster of Afghanistan withdrawal, but the first issue was unpredictable as the worst health crisis in a century, and the second would have been the same result had Donald Trump stayed on as President, since he had made a deal with the Taliban without Afghanistan government involvement, to leave in May 2021, NOT as occurred in August 2021!

So some disappointing developments in the first year of a Presidency are not unique to the 46th President!

When one looks back at other Presidencies, it is actually quite common that the first year of a Presidency is a learning curve, and does not reflect on whether such Presidents will be, in the long run, successful, and also have the possibility of successful reelection.

The following Presidents had very successful first years—Theodore Roosevelt, Woodrow Wilson, Franklin D. Roosevelt, Lyndon B. Johnson, George H. W. Bush!

Three Presidents had what could be described as mixed records in the first year in office–Dwight D. Eisenhower, George W. Bush, and Barack Obama.

The following Presidencies in the 20th and 21st century were far from successes in their first year:

Harry Truman 1945
John F. Kennedy 1961
Richard Nixon 1969
Gerald Ford 1974-1975
Jimmy Carter 1977
Ronald Reagan 1981
Bill Clinton 1993
Donald Trump 2017

Among these eight Presidents, four—Truman, Nixon, Reagan, Clinton–won reelection.

So it is not time to say that Joe Biden will fail to succeed, as he already has in many respects, and it is not time to say he cannot win reelection fo a second term!

President Joe Biden After One Year: A Grade Of B!

Ronald 1 Comment

Nearly one year has passed since the inauguration of Joe Biden as the 46th President of the United States.

After one year, an honest assessment would give Biden a B grade, due to the incomplete nature of his agenda, but with hope for further progress in 2022, despite nearly united Republican Party opposition.

What has the Biden Presidency accomplished?

!. The American Rescue Plan Act of 2021, a $1.9 trillion economic stimulus bill, in the midst of the COVID 19 Pandemic
2. The Infrastructure Investment and Jobs Act, promoting massive efforts to deal with physical infrastructure projects that are sorely needed.
3. Accomplishing the vaccinations of 61.7 percent of the American people to deal with the COVID 19 Pandemic.
4. The appointment and confirmation of 40 federal judges in his first year, despite Republican Party opposition, the most such appointments in the first year of a Presidency since Ronald Reagan’s first year 40 years ago.
5. Major progress on promotion of the environment and conservation, including canceling oil and gas leases and emphazing the climate agenda to fight global warming and climate change.
6. Promotion of people of varying backgrounds in Presidential appointments in all areas of government, including his Cabinet members and other positions of authority and influence.
7.Lowering of unemployment to 4.2 percent, while more than 6 million jobs have been created, an all time high for the first year of a Presidency.
8. Restoring good relations with our allies, including the NATO nations, and Pacific partners.
9. Bringing back dignity and class to the White House, including the First Lady, and the President’s own character, which includes compassion, decency, empathy, and sincerity.
10. Promoting massive social reform regarding children, the elderly, immigration, criminal justice, women’s rights, gay rights, protection of voting rights, and health care advancement, all this in limbo at the moment, but hopefully much of it accomplished in 2022!
11. Standing up for human rights and against authoritarianism worldwide.
12. Making clear that a thorough investigation and accountability for the January 6, 2021 Insurrection is a priority in 2022.

There is so much more that could be listed, but it is clear Joe Biden has had a moderately successful first year, and that the potential for a rise from a B grade is very likely in 2022!

A Year After Joe Biden Election, Major Economic Advancements In Midst Of COVID 19 Pandemic!

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A year since Joe Biden was elected President, the nation has seen major economic advancements in the midst of the COVID 19 Pandemic.

We have seen 5.6 million jobs created, the greatest of any President in nine months in office.

We have seen 531,000 jobs created in October alone.

We have a 4.6 percent unemployment rate, similar to what Barack Obama left the nation when he finished his Presidency in January 2017.

The Stock Market is at an all time high as I write this!

We have seen major Pandemic relief legislation, and now a massive Physical Infrastructure bill ready to be signed by Joe Biden.

The Social Infrastructure legislation is making progress, at a lower rate than originally planned, but still in the range of $1.75 trillion.

We are seeing greater progress than was possible by Jimmy Carter, Bill Clinton, and even Barack Obama in their first year.

Joe Biden is on the way to being the most successful domestic President since Lyndon B. Johnson and Franklin D. Roosevelt.

This is the time to promote and publicize the great advancements, and make the case for the Democrats to have expanded majorities in both houses of Congress in 2022 and beyond.

Donald Trump More Desperate By The Day, As Every Poll Shows Him Losing Massively!

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Public Opinion Polls have been amazingly consistent in 2020, with even Fox News Channel Polls showing Donald Trump losing badly.

His horrific reaction to the CoronaVirus Pandemic is sealing his fate, if there was ever any doubt.

It is not that Joe Biden is a perfect candidate, but he is the alternative, and his empathy, compassion, authenticity and decency shine through, and always has.

Donald Trump is the new Herbert Hoover, without his intelligence, ability, and life accomplishments.

But the Pandemic and the highest unemployment rate since Hoover left office 87 years ago insure a major repudiation of the 45th President!

The Self Styled “War Time” President: Greatest Economic Collapse Since 1929, And 32 Percent Drop In Less Than A Month, Back To When Barack Obama Left Office!

Ronald 18 Comments

So here we are in mid March, less than a month after the all time high on the Stock Market, and we have just witnessed the greatest collapse since 1929, a 32 percent drop in the Dow Jones Industrial Average and other measurements of the stock market.

So now we are back to what the stock market was on the day that Barack Obama left office, after the greatest economic recovery in American history, greater than Franklin D. Roosevelt, who had to count on World War II to end the Great Depression totally!

Obama presided over a 250 percent increase in the stock market, and an unemployment rate left to him by George W. Bush and the Great Recession of 10 percent unemployment, which was lowered to 4.7 percent when he left office.

But of course, Donald Trump would never give credit to the “black man” for anything, so it is just desserts that his raving about the great performance on the stock market and in the unemployment rate, added on to what Obama had accomplished, is now totally gone!

And now, Donald Trump has the gall and nerve to call himself a “wartime President”, when he evaded the military draft with a fake medical letter claiming he had “bone spurs”>

This was Trump’s major argument for his reelection–the “great, fantastic” economy, and now it is gone! Meanwhile, Trump has done tremendous damage in a multitude of ways, and he is insured of being the absolutely worst President in American history!

There are now projections that the unemployment rate will skyrocket, maybe to an unheard of 20 percent, which would be by far the worst since the 1930s!

If Trump had any principles and decency, he would resign today as a total failure, and the only reason he will not do so is that he would face prosecution for his crimes, and hopes to avoid that.

America must defeat Trump, and send him as an indicted felon into a court of law, with just desserts being imprisonment for the rest of his natural life, but not stop there, but also go after his children and son in law, and all of the crooked people who worked for him and brought about the disaster, ongoing, of the Trump Presidency!

Donald Trump Does The Unforgivable: Attacks Joe Biden And Barack Obama On Foreign Soil, And Lies About The Obama-Biden Economic Record

Ronald 7 Comments

Donald Trump did the unforgivable by attacking former Vice President Joe Biden and former President Barack Obama on foreign soil, while in Japan this past weekend.

It is a known rule that no President deals with domestic politics while overseas, and no President embarrasses his host by putting them on the spot as he criticizes political rivals.

But this is Donald Trump, who does not believe in any rules, regulations, or common decency.

Calling Biden a low IQ individual, agreeing with totalitarian dictator Kim Jong Un of North Korea, and claiming that both Obama and Biden presided over a disastrous administration in every way, including the economy, is the continuation of an attack on opponents that began with John McCain. It has now included everyone imaginable, and not just individuals that are well known, but also victims as in Puerto Rico after the hurricane, and groups of vulnerable people, such as refugees, gays and lesbians, transgender people, disabled people, and so many more.

The massive lie about Obama, Biden, and the economy is beyond belief, when the facts are that Obama presided over the greatest economic recovery in American history, greater than Franklin D. Roosevelt before World War II resolved the Great Depression.

From 10 percent unemployment, and the worst economic conditions in 70 years in 2009, inheriting the Great Recession under George W. Bush, to Obama and Biden leaving office in January 2017 with unemployment under 5 percent, we have now seen more than eight years of constant economic growth, an all time record. The continuation of economic growth under Donald Trump would have continued if Hillary Clinton was in the White House.

The stock market also recovered more than 250 percent from what it was when Obama-Biden came in during 2009 until the beginning of 2017. And all this was done without being engaged in a major war.

Trump can lie, and his minions can believe his use of the Big Lie technique of Adolf Hitler, but “the truth shall set us free”, and history will record Barack Obama and Joe Biden for their economic accomplishments.

The Facts About Barack Obama’s Achievements On The Economy , Corruption, And Health Care, As Compared To Donald Trump’s Record

Ronald 9 Comments

With the Midterm Elections of 2018 only ten days away, we are now in the season of lying about Barack Obama’s record by Republicans, who act as if the 44th President accomplished nothing while in office, and was an abject failure.

Somehow, the experts see it differently, as the C Span Poll of Historians in 2017 put Obama 12th of all Presidents, and the American Political Science Association poll of 2018 puts Obama as 8th among all Presidents.

Obama brought about the greatest economic revival from a economic collapse in US History, far better than Franklin D. Roosevelt and the ending of the Great Depression, only brought about ultimate entrance into World War II, while Obama brought about an end to the Great Recession without a major war. The stock market nearly tripled under him, and the unemployment rate went from 10 percent when George W. Bush left, to under 5 percent when Obama left office. But Donald Trump tries to claim that magic took place when he came into office, and that the present booming economy is all his doing, ignoring the recovery under his predecessor. It is clear that the economy’s improvement would have been much the same under Hillary Clinton had she won the Electoral College and become our President.

There was no corruption under Barack Obama of note, and no one was indicted or convicted, while the record of the George W. Bush administration had quite a lot of corruption, but already Donald Trump has seen more corruption in less than two years than Bush had in eight years. Trump’s cabinet and other advisers have demonstrated more corruption than any in American history. and so many people have been indicted or pleading guilty in the probe on Russian collusion.

Obama also promoted the protection of preexisting conditions under the Affordable Care Act or ObamaCare, which the Republicans have tried to destroy 70 times, although now all candidates for reelection are claiming otherwise, but a pure lie. Donald Trump has no concern about health care, and instead brags about the massive tax cut to the wealthy, which is leading to Republicans claiming that not only must ObamaCare be repealed, but also there is a need for massive cuts in Social Security, Medicare, and Medicaid.

Trump supporters who believe any of the propaganda coming from Trump and Republicans running for reelection, are truly delusional, and fail to understand that the facts are very different from the myths being perpetrated by Republicans who hope to keep control of Congress after the elections in less than two weeks.

State Of the Union: Lowest Watched In A Generation, Teleprompter Speech Soon To Be Forgotten, Except For Anti Immigration Pitch, And Exaggeration Of Trump Economic Accomplishments

Ronald 8 Comments

Donald Trump’s State of the Union Address was the lowest watched in a generation, a teleprompter speech soon to be forgotten, except for his anti immigration pitch.

He said he would grant Dreamers under DACA the allowance to remain and a path toward citizenship, which will infuriate nativists.

But in exchange, family of all immigrants beyond immediate family would be barred from migration, ending what Trump called chain migration or family reunification. Immediate family is only spouses and minor children, and parents, siblings, and adult children of immigrants would be barred, as he calls them “distant” relatives. This has nothing to do with if any have committed criminal acts. This statement of Trump led to a noticeable reaction of boos by Democrats, and rightfully so.

How heartless and uncaring Trump displays himself to be about family members! This is clearly the work of racist and nativist aide Stephen Miller.

What native born American would feel that this is proper, to deny family the right of migration?

This is the true Donald Trump, a nativist, racist, who has no compassion or conscience, such as the case of the Detroit, Michigan 40 year old immigrant, brought to America when he was ten years old, having committed no crimes while here, and now deported away from his wife and children, and sent back to Mexico, a nation he has not seen since thirty years ago, and having no connections or friends in that nation. What kind of person with any principles does not have humanitarian, and compassionate exceptions to any rule, when it destroys families?

Trump’s attack on MS-13, an international gang formed in Los Angeles that commits murders and other crimes, was a vast exaggeration of that group, and Senator Kamala Harris, who prosecuted gang members as California Attorney General, appropriately attacked Trump for scapegoating and fear mongering to justify the hard line proposal on immigration and family.

Additionally, Trump exaggerated the economic revival, which was NOT due to him, but to the steadily improving economic situation under Barack Obama, who came in with a massive economic collapse on his door, occurring during the George W. Bush Presidency. Obama created the greatest economic revival since Franklin D. Roosevelt and the New Deal, and did it without a major war.

So Trump inherited a great economy, and the job growth, unemployment rate and stock market improvements did not match what Obama had done in previous years, but Trump continues to lie and deceive about how the wealthy gained most of the tax cut that the Republican Party forced through without any input or bipartisan attempt by Trump.